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M&A: Seller's Counsel

WBD advises on major energy transaction

09 Jan 2019

WBD has advised Third Energy Holdings Ltd, a specialist in the production and exploration of gas reserves, on the divestment of the entire issued share capital of Third Energy Offshore Ltd to Anglo-Dutch oil company Hague and London Oil plc (HALO).

A multidisciplinary WBD team advised on the transaction, with the firm drawing on its substantial experience of advising on M&A transactions in the energy sector. The transaction was led by corporate partner Simon Hewes, working closely with head of oil and gas, partner Paul Stockley.

Freshfields advises Petrus HK Co Limited on proposed privatisation of Hopewell Holdings Limited

08 Jan 2019

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Petrus HK Co Limited (a company majority owned and controlled by Sir Gordon Ying Sheung Wu and Lady Wu Ivy Sau Ping Kwok), as offeror, on its proposed privatisation of Hopewell Holdings Limited by way of a Hong Kong scheme of arrangement.

Ashurst advises Reifen Gundlach's management on the acquisition of Gundlach Automotive Corporation by Gilde Buy Out Partners and the management

08 Jan 2019

Ashurst advised the management of the tyre wholesaler Gundlach on the acquisition of Gundlach Automotive Corporation (GAC) by Dutch private equity investor Gilde Buy Out Partners and the management.

At the turn of the new year Gilde and the management has taken over Gundlach Automotive Corporation (GAC) and its group from Pon Holdings B.V. Gundlach Automotive Corporation is an aftermarket distributor of tyres, rims, completely-fitted wheels, and other services to car dealerships and wholesalers in Germany, as well as wheel assembly services to blue-chip car OEMs in Europe.

Bevan Brittan advises the Canal & River Trust on the sale of its marinas business

05 Jan 2019

Bevan Brittan has advised the Canal & River Trust in the sale of its wholly owned subsidiary, British Waterways Marinas Limited (BWML), to private equity investor LDC.

Set up in 2004, BWML operates 18 marinas across England, with more than 2,500 moorings across its sites.

LDC is the UK’s leading mid-market private equity investor. It is committed to backing ambitious management teams from companies across the UK and has a portfolio of 90 businesses across a broad range of sectors.

Stephenson Harwood (Singapore) Alliance advises AirAsia Group Berhad on US$768 million Merah Aviation sale

04 Jan 2019

Stephenson Harwood (Singapore) Alliance has advised AirAsia Group Berhad (AAGB), and its wholly-owned subsidiary Asia Aviation Capital Limited (AACL), on the sale of AACL's entire equity interest in Merah Aviation Asset Holding Limited (Merah Aviation) in a deal valued at US$768 million.

DWF advises on the sale of William Martin Compliance Solutions Limited

03 Jan 2019

William Martin is a leading technology-enabled provider of property-related health and safety audit and consultancy services.  It employs around 100 people across offices in London, Leeds and Norwich.

The DWF team advising on the deal was led by corporate partner Alistair Hogarth alongside director Justin Edgar, tax partner Jon Stevens, solicitor Laurie Clay and trainee solicitor Georgia Hine.

Taylor Wessing advises on sale of One.com

02 Jan 2019

International law firm Taylor Wessing has advised on the sale of One.com, one of Europe's leading providers of domain names and web hosting solutions, to European-investment focused private equity firm, Cinven.

The firm provided advice to both the founder and CEO of One.com, Jacob Jensen, as well as Accel-KKR, a technology-focused private equity firm. Accel-KKR made its initial growth investment in One.com in 2014, helping the business generate significant organic revenue growth and increased profitability.

Mayer Brown advises the shareholders of VESCON GmbH on the sale of the VESCON Group

28 Dec 2018

Mayer Brown advised the shareholders of the privately held VESCON GmbH on the sale of the majority of their shares in the VESCON Group. The buyers were funds advised by the investment company Quadriga Capital. Parallel to this transaction, Quadriga acquired the shares in the Schiller Group in order to form a leading automation platform.

The agreement is still subject to approval by the antitrust authorities. The parties have agreed not to disclose the purchase price.

DLA Piper advises BuildingConnected in US$275 million sale to Autodesk

28 Dec 2018

DLA Piper represented BuildingConnected, a construction software provider, in its sale to software company Autodesk for US$275 million.

Autodesk’s product portfolio includes software targeted to a range of industries, including architecture, engineering, manufacturing and construction. BuildingConnected offers an online bid management platform designed to streamline the bidding process and better manage construction projects. The transaction is expected to close in January 2019.