With a team led by Dr. Peter Christian Schmidt, Heuking Kühn Lüer Wojtek advised Winfried Gerold, the sole shareholder of Gewi regenerative energies, on the sale of all shares to swb CREA GmbH. swb group (formerly Stadtwerke Bremen utilities) intends to further expand its activities in renewable energies with the acquisition of Gewi. Winfried Gerold will remain with the company in an advisory capacity.
 

Bird & Bird has advised the management team of Nordic online travel agent, Etraveli, in relation to the recent acquisition of the company by private equity investor CVC Capital Partners. The deal was made public on 20 June with the price of the shares being based on an enterprise value of MEUR 508 (corresponding to around MSEK 4,950).

Eversheds Sutherland, with Richard Jacobsson as responsible partner, has assisted shareowners in Ping Pong AB (including the previous CEO Michel Bajuk) in connection with the sale of a majority of shares in Ping Pong AB to Alfvén & Didrikson AB.

Dentons has advised Jochen Schweizer Group on the sale of its digital division to ProSiebenSat.1. As a result of the deal, the media company will acquire a majority stake in Jochen Schweizer GmbH which runs the experience gift business within the Group and includes online travel organizer Hip Trips, leisure community Spontacts and leisure ticket provider Regiondo. The transaction was based on an enterprise value of €108 million  which corresponds to an EBITDA multiple of approximately 11x as per the end of 2016.

Taylor Wessing has advised mobile marketing firm MOBKOI on its acquisition by You & Mr Jones, the global ‘brandtech’ group, which has taken a majority stake in the company for an undisclosed sum.

Founded in 2014 by brothers Quentin and Guillaume Le Pape, MOBKOI creates mobile advertising campaigns for over 100 premium brands and works with more than 1,000 publishers in 35 markets, such as the BBC, FT, Forbes and Vogue. The company has offices in London, Paris and Frankfurt.

ProSiebenSat.1, an independent media company with a strong presence in the TV and digital markets, has agreed to divest Etraveli, a global online travel agency (OTA) for flights operating under the brands Gotogate, Supersaver and Seat24, and also operating flight comparison portals in Sweden under the brands Flygresor.se and Charter.se, to CVC Capital Partners for an enterprise value of EUR 508 million.

European law firm Fieldfisher, pre-eminent Employee Ownership advisers, announces another Employee Ownership transition.

The team led by partner Graeme Nuttall OBE, author of the influential Nuttall Review of Employee Ownership, advised Beta Valve Systems Ltd on its move to employee ownership.

Founded in 1983 and headquartered in Desborough Park Road Beta Valve Systems Ltd specialises in the supply of solenoid valves for the control of water, air, oil in fact most common fluids.  The company is now entirely owned by an Employee Ownership Trust (EOT).

London, 20 June 2017 – Hogan Lovells has advised International Car Rentals, an investment subsidiary of Investindustrial, a leading European private equity fund, on the sale of Goldcar, Europe’s largest low cost car rental company to Europcar Group, the European leader in vehicle rental services and a major player in mobility markets.

The Hogan Lovells team was led by corporate partner Ed Harris.
 
The acquisition is expected to close in the second half of the year 2017.

Travers Smith LLP has advised longstanding client Darwin Private Equity and other selling shareholders on the sale of Esendex to HgCapital.

The Travers Smith team was led by Private Equity Partner Will Yates and also included Private Equity Senior Associate Victoria Bramall and Private Equity Associate Max Conway. Tax Partner Russell Warren and Tax Associate Laura Jackson advised in relation to tax.

Veidekke Bostad becomes partner in Folkhem Trä when Rikshem sells half of the wholly owned company. Rikshem and Veidekke Bostad already have a well-established cooperation regarding the development of condominiums. The collaboration is now further strengthened with expanded focus on wooden houses. Folkhem Trä will continue its work on developing wooden houses and Folkhem Produktion will continue to focus on concept development and landmark acquisition.