Baker McKenzie has acted for Valeant Pharmaceuticals International, Inc. (NYSE: VRX and TSX: VRX) ("Valeant") in entering into an agreement to sell its iNova Pharmaceuticals (“iNova”) business to a company jointly owned by funds advised and managed by Pacific Equity Partners and The Carlyle Group for $930 million in cash.
CMS has advised AIM-listed online gaming company, 32Red, on its acquisition by Kindred Group, one of the largest online gambling companies in the world, in a deal valued at £175.6 million. The transaction was announced on 23 February 2017 and declared unconditional in all respects on 6 June 2017.
Ashurst is advising Berendsen plc, the FTSE 250 textile, hygiene and safety solutions business on its recommended £2.17 billion acquisition by Elis SA, a French public company with operations in Europe and Latin America. The transaction is being structured as a scheme of arrangement and Berendsen shareholders would, on completion, receive a mixture of cash and Elis shares.
Linklaters has fielded a multi-jurisdictional team to advise L'Oréal, the world’s leading beauty company, on the €1 billion (£877m) exclusive negotiations in connection with the sale of The Body Shop to Brazilian cosmetic company, Natura Cosméticos SA.
The transaction was led by Vincent Ponsonnaille (Corporate Partner, London), Laurent Victor-Michel (Corporate Partner, France), Alexander Naidenov (Banking Partner, London) and Christopher Yip (Corporate Counsel, Hong Kong).
Clifford Chance, in co-operation with AS&H Law Firm in Saudi Arabia, advised the Saudi General Authority of Civil Aviation (GACA) on the landmark privatisations of five of Saudi Arabia's international airports:
* King Abdulaziz International Airport, Jeddah
* Taif International Airport, Taif
* Prince Nayef bin Abdulaziz Airport and Hail Airport, Al-Qassim
* Hail Airport, Hail
* Prince Abdulmohsin bin Abdulaziz Airport, Yanbu
Gide has advised a consortium of investors including Ardian Infrastructure, Debiopharm Investment and Aloem on the sale of Aloe Energy to Sonnedix.
Aloe Energy is a successful solar developer and operator with 67MW under operation as well as a pipeline of projects under development and construction in France.
GvW Graf von Westphalen has advised long-established German company PFAFF Industriesysteme und Maschinen GmbH on a complex cross-border transaction. Under a recently closed share purchase agreement, PFAFF Industriesysteme und Maschinen GmbH sold its shares in Pineo Industrial S.A.
The founders of Open Systems AG have closed the sale of a majority stake in Open Systems AG to EQT Mid Market Europe LP. The founders will remain substantially invested in the company.
Bär & Karrer acted as legal adviser to the sellers in this transaction. The team included Christoph Neeracher, Luca Jagmetti, Yves Suter, Philippe Seiler and Raphael Egger (all M&A), Susanne Schreiber and Francesco Carelli (both Tax), Markus Wang (IP/IT) as well as Mani Reinert (Competition).
8 June 2017 - Sunrise Communications Group AG (Sunrise) sold Swiss Towers AG for 500 million Swiss francs. The company owns 2,239 telecom towers in Switzerland. The buyer is a consortium consisting of the main Spanish independent operator of wireless communications infrastructure Cellnex Telecom S.A., Swiss Life Asset Management AG and Deutsche Telekom Capital Partners.
DLA Piper represented GreatCall, the largest provider of connected health and personal emergency response services for seniors in the United States, in its proposed acquisition by GTCR, a leading private equity firm. The transaction is expected to close in the third quarter of 2017.