Freshfields Bruckhaus Deringer LLP ('Freshfields') has advised the National Bank of Greece S.A. ('NBG') on its sale of a 75 per cent stake in Ethniki Hellenic General Insurance S.A. ('Ethniki Insurance') to EXIN Financial Services Holding B.V. ('EXIN') for a total consideration of EU718m.
Travers Smith have advised long-standing client Canaccord Genuity Wealth Management on its acquisition of Hargreave Hale Limited, a leading independent UK-based investment and wealth management business, for aggregate consideration of up to £79.5 million.
This acquisition establishes a substantially enlarged wealth management operation in the UK and Europe and represents another step in Canaccord Genuity Group Inc.'s strategy of growing its global wealth management business and increasing its wealth management contribution to overall group results.
Allen & Overy LLP has advised the world leading tourism group TUI, which is based in Hanover, in connection with selling its remaining shares (8.5 million) in SDAX-listed Hapag-Lloyd AG, a global market leader in container shipping. This transaction generated total proceeds of EUR 244.4 million. On completion of the sale, TUI will no longer hold a direct or indirect stake in Hapag-Lloyd AG.
A team led by Dr. Rainer Herschlein of Heuking Kühn Lüer Wojtek's Stuttgart office advised the supervisory board and some 2,400 direct and indirect shareholders of OMIRA Oberland-Milchverwertung GmbH, including six cooperatives, on the acquisition by Lactalis. With the takeover, OMIRA enhances its prospects for the future and obtained a 10-year milk price guarantee for all milk producers.
Linklaters has advised gategroup, the leading independent provider of services to the travel industry, on the sale of its EuroShop stores, based at airports and ferries in Poland and Estonia, to Lagardère Travel Retail.
Linklaters Warsaw has provided comprehensive legal advice and support to the seller in all major legal aspects of the deal, from the preparation and negotiations of transaction documents through to signing and closing. The legal team was managed by Daniel Cousens (partner, corporate) and Klaudia Królak, (managing associate, corporate).
DONG Energy and Siemens have signed an agreement with Belgian GeoSea stating that GeoSea will acquire the full ownership of A2SEA. A2SEA will continue to operate out of Denmark with offshore wind turbine service and installation.
Mayer Brown announced today that it represented Sparton Corporation, an NYSE-listed provider of complex and sophisticated electromechanical devices primarily in the military, aerospace, medical, biotechnology and industrial markets, in its acquisition by Ultra Electronics Holdings plc for approximately $235 million.
The law firm Delphi has assisted Lucendo Holding AB, the majority owner of the AI company Humany AB, in their sale of Humany to Telia.
Ashurst is advising Cape plc, the premium-listed international provider of critical industrial services principally to the energy and natural resources sectors, on its recommended £332 million takeover by a wholly-owned subsidiary of Altrad Investment Authority SAS, a private French company founded by Mohed Altrad and which is one of the leading global provider of industrial services, scaffolding solutions and light construction equipment in the civil and industrial sectors.
DLA Piper represented Greensmith Energy Management Systems Inc., the developer of an energy storage software solution, in its acquisition by Wartsila, a Finnish manufacturer of marine and energy power sources, for US$170 million. The acquisition, which was first announced in May, closed July 3.