The London-based Intertek Group plc has acquired KJ Tech Services GmbH, based in Griesheim/Hesse. Seller is the CUS Beteiligungsgesellschaft, also based in Griesheim.
Baker McKenzie advised Flowserve Corporation on the sale of its Gestra Group business unit to UK Spirax-Sarco Engineering plc. for approximately 186 million euros. The transaction is expected to be completed during the second quarter of 2017, subject to certain customary conditions, including regulatory approval of the transaction by the German authorities.
Carsten Böhm led the Düsseldorf, Frankfurt and Munich team giving corporate, labor, IT and tax advice to the shareholders of stairway producer AAT Alber Antriebstechnik GmbH on the sale of all shares to Swedish company REAC AB. Team members included Germar Enders, Paul Melot de Beauregard, Steffen Woitz, Holger Weiß, Christian Krohs, Markus Hill, Nina Siewert, Patryk Wcislo, Maximilian Baur, Matthias Weingut and Ralf Richter.
Osborne Clarke has advised NASDAQ-listed MKS Instruments on the disposal of its data analytics solutions business to Sartorius Stedim Biotech GmbH.
A global leader in technology solutions, MKS Instruments Inc disposed of its Sweden-based company MKS Instruments AB (Umetrics). Umetrics specialises in data analytics software for modelling and optimising biopharmaceutical development and manufacturing processes.
On April 3, 2017, Intel Corporation (NASDAQ: INTC) announced that it had completed the separation of its cybersecurity brand McAfee. McAfee has been transformed into a standalone business in which Intel continues to hold 49%, whereas new investor TPG Capital holds 51% in the security provider. The investment agreement between Intel and TPG Capital valued McAfee at USD 4.2 bn.
Allen & Overy has advised private equity firm The Riverside Company (“Riverside”), headquartered in New York and Cleveland, on the sale of the hematology system specialist Diatron to a subsidiary of Stratec Biomedical AG. The parties have agreed not to disclose the purchase price.
Diatron designs and manufactures system solutions for hematology applications, as well as related consumables. In the past financial year, the company generated sales equivalent to around 34 million euro.
Munich, April 4, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy has advised Otto Group on the sale of Ratepay to Advent International and Bain Capital Private Equity. Ratepay specializes in processing payment methods for online shops and will be integrated into Concardis Group, the payment service provider the acquisition of which Advent and Bain Capital announced in January 2017. Ratepay will retain its brand and will be managed as an independent company within the Concardis Group.
Baker McKenzie advised its long standing client Alliance Holding Company on the sale of a 51% stake in Ink Products Company to Sun Chemical. Ink Product Company is a regional leader in the manufacture of printing inks for the packaging industry.
The joint venture, which will operate under the name Sun Chemical Saudi Arabia LTD, combines two of the leading ink suppliers to the packaging and publication market in the region.
NautaDutilh assists PZEM N.V. (previously named DELTA N.V., PZEM), the municipality and province owned integrated utility company of the Dutch province of Zeeland, with the contemplated divestment of Zeeuwse Netwerkholding N.V., including, inter alia, regional network operator Enduris B.V. and De Netwerkgroep Infra B.V. (together DELTA Netwerkgroep or DNWG), to Stedin Holding N.V. for € 610 million (enterprise value).
Client name
Bosal Nederland B.V. – seller
Other parties involved
FCSI Cabin ApS; Bosal-Sekura Industries A/S
Nature of transaction
Bosal Nederland B.V. sells its 100% shareholding in Danish Bosal-Sekura Industries A/S to a consortium consisting of Foreman Capital Holding B.V. and Standard Investment Management B.V. through a private auction process. Bosal Nederland B.V., a manufacturer of automotive parts, has thereby divested its Cabins Division which supplied cabins to the off-highway vehicle sector.
Value of transaction