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M&A: Seller's Counsel

KWM advise Navis Capital on sale of Retail Apparel Group

30 May 2017

King & Wood Mallesons (KWM) advised Navis Capital on its agreement to divest its controlling interest in Retail Apparel Group (RAG) to The Foschini Group.

The divestment will see The Foschini Group – a South African listed retailer, acquire 100 per cent of the issued share capital of RAG, valued at approximately $302.5 million.

The KWM team was led by Partners Matthew Coull, Evie Bruce, and Yuen-Yee Cho, supported by Senior Associate Clifford Sandler, Solicitors Nicholas Ferrari, Luke Mulcahy and Kristin Romano, and Graduate Alyce Kliese.

DLA Piper advises Guard Capital on the sale of Russia's leading e-medicine company

30 May 2017

DLA Piper has advised Guard Capital, a venture capital fund specializing in telecom and internet projects, on the sale of a 79.6% stake in DocDoc.ru, the leading e-medicine company in Russia, to Sberbank, Russia's largest bank. The remaining stake will belong to the founder of the company and its key management.

Macfarlanes advises Epiris on sale of PINE Unit Trust

30 May 2017

Macfarlanes has advised Epiris on the sale of PINE Unit Trust ("PINE"), a freehold investment property portfolio focused on the UK education sector, to Universities Superannuation Scheme.

Established in 2005, PINE is a Jersey Property Unit Trust created to build a freehold investment property portfolio focused on the UK educational sector. PINE owns a portfolio of UK properties leased to third-party operators.

White & Case Advises Summit Partners and DentalPro on Sale to BC Partners

24 May 2017

Global law firm White & Case LLP has advised global alternative investment firm Summit Partners on its sale of leading dental clinic DentalPro to international private equity firm BC Partners. In addition to Summit Partners, DentalPro's ownership included VAM Investments and other private investors.

The transaction is subject to regulatory approvals.

KWM advises on Icon sale

24 May 2017

King & Wood Mallesons (KWM) has advised the shareholders of Icon on its sale to a consortium comprised of QIC Ltd, Goldman Sachs Private Equity and Pagoda Investment - in a transaction valued over A$1 billion.

Icon is Australia’s largest provider of private cancer care services, with an integrated business model offering cancer patients three services under one roof - medical oncology, radiation oncology and oncology compounding.

Stephenson Harwood advises on the sale of JB Riney to Tarmac

24 May 2017

Stephenson Harwood LLP has advised the sellers of JB Riney on the sale of the company to Tarmac, the building materials and construction solutions firm.

JB Riney is a London-based civil engineering company. The company will continue to operate under the Riney name, and will form part of the highways services division within Tarmac’s contracting business.

Dutch Firm Beeztees Holding acquires Karlie Flamingo GmbH – PLUTA supports Debtor-in-Possession Management Proceedings

23 May 2017

Bad Wünnenberg-Haaren, Germany, 19 May 2017. The management of Karlie Group GmbH has announced that Pet Supplies Beheer, the Dutch holding and parent company of Beeztees, has acquired Karlie Flamingo GmbH. The purchase agreement was signed on 17 May 2017. A full 100% of the equity interests as well as the trade names “Karlie Flamingo” and “Karlie” have been sold to the buyer. This means that the brand name “Karlie” will be preserved.

Shareholders of PPS. Imaging GmbH sell majority stake with Heuking Kühn Lüer Wojtek

22 May 2017

With a team led by Dr. Michael Dröge, partner at the Hamburg office, Heuking Kühn Lüer Wojtek advised the shareholders of PPS. Imaging GmbH on the sale of a majority stake to NORD Holding. The investment of NORD Holding is intended to continue the expansion of PPS. group. The acquisition price has not been disclosed.
 
As part of the transaction, general managers Michael Krieger (CEO) and Roland Niggemeyer will remain associated with the company both operatively and as shareholders.