Macfarlanes has advised the management team of Capita Asset Services on the sale of the business by Capita plc to Link Group for £888m.
The transaction, which is subject to certain regulatory and other approvals, is expected to be completed in Q4 2017.
The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt, assisted by senior solicitor Tom Rose.
Berwin Leighton Paisner (“BLP”) have advised the co-founders and management of The Office Group (“TOG”), the London based design-led flexible workspace provider on the sale of a majority interest to Blackstone and on their ongoing investment in partnership with Blackstone. The deal puts an enterprise value on TOG of approximately £500m, and primes the company, that was founded in 2003, for further accelerated expansion.
[Cologne, 2017-07-03] Located in Cologne’s Breite Strasse pedestrian zone, the “DuMont Carré” was acquired from a closed real estate fund by EPISO 4 (European Property Investors Special Opportunities 4 L.P.), which was advised by Tristan Capital Partners and CONCEPTA Projektentwicklung GmbH. The Breite Strasse, one of Cologne’s most popular shopping venues, is conveniently located only a short subway ride away from the Cologne Cathedral and the main train station.
Dechert LLP advised CIT Group Inc. (NYSE: CIT) on the sale of its Paris-based European rail leasing business NACCO to Hamburg-based VTG Aktiengesellschaft (VTG) for approximately US$1.05 billion. The agreement includes a purchase price of €780 million (US$890 million) for NACCO’s operations and assets including approximately 14,000 rail freight cars, plus all investments in freight cars between Jan. 1, 2017 and the closing date (expected to be approximately €140 million or US$160 million). The transaction is expected to close in the fourth quarter of 2017.
Delphi has advised the sellers of Comenius Svenska AB in connection with the divestment of all shares in the company and its subsidiaries, Comenius Talent Management, to the Visma Group.
Comenius, founded in 2001, is a Swedish market-leading IT company that offer its clients cloud-based talent management solutions. Comenius has an annual revenue of approximately SEK 71 million and has offices in Sweden, Oslo, London and San Francisco with approximately 50 employees, where Sweden, Norway and the UK are the largest markets.
Berlin-based Elvaston Capital sold a part of its stake in the software company SHD AG to a fund advised by Bregal Unternehmerkapital. Elvaston acquired SHD in 2014 and will remain involved in the new structure of the company. The transaction still requires the approval of the antitrust authorities.
The Firm is representing KKR in connection with the sale of its entire remaining stake in Visma, a software services provider headquartered in Norway, to a consortium of investors comprising Hg Capital, ICG, Montagu and GIC. Cinven, an existing shareholder in Visma, sold 40% of its stake alongside KKR.
The transaction, which values Visma at $5.3 billion and is considered the largest ever software buyout in Europe, is subject to customary closing conditions.
Baker McKenzie has advised Qatar Luxury Group, majority shareholder of Le Tanneur & Cie, a company listed on Euronext Paris, within the framework of the plan to recapitalise and develop Le Tanneur & Cie, supported by Tolomei Participations, for an amount of 13.3 million euro, which will make Tolomei Participations the majority shareholder of Le Tanneur & Cie.
This recapitalisation and development project consists in three principal operations:
* a first increase in capital in cash for 10.8 million euro which will be reserved for Tolomei,
Mengus's second fund, Mengus 2011, is selling the site-leasehold to the property Uggleborg 14, by Mengus named Sthlm HUB. The property, which is located in close proximity to the Stockholm Central Station, comprises 5,900 square metres of leasable area and is being divested to Union Investment.
Mengus was advised by Mannheimer Swartling in the transaction.
Milbank, Tweed, Hadley & McCloy LLP has advised the REIFF Group, a family company based in Reutlingen, on the sale of its Tyre and Automotive Technology Division to European Tyres Distribution Limited. The British holding European Tyres Distribution Limited is a strategic platform company based in the UK owned by Bain Capital Private Equity and also parent company of Fintyre, a leading distributor of replacement tyres in Italy.