Warsaw, 31 March 2017 - Wolf Theiss has advised PGE Polska Grupa Energetyczna S.A. (PGE S.A.), a state-owned power company listed on the Warsaw Stock Exchange and one of the largest power producers in Poland, on the sale of 100% of the shares of Exatel S.A. to the Polish State Treasury.

Exatel provides high quality telecom services to many large enterprises and government bodies in Poland and will continue to do so post-closing.

The transaction value was approximately EUR 87 million.

Symetis announced that it has agreed to be acquired by Boston Scientific (NYSE:BSX) for $435 million in an all cash, up-front payment. Symetis is a medical technology company specializing in the development, manufacturing and marketing of percutaneous heart valve replacement solutions for the treatment of severe cardiac valve conditions. Symetis’ IPO launched on Euronext Paris and very well received by the investment community, has been halted.

Münchener Rückversicherungs-Gesellschaft, Deutsche Bank AG and WMF Group GmbH have sold their shareholdings in the publicly listed company, BHS Tabletop AG (BHS), to Serafin Unternehmensgruppe in Munich. BHS is based in Selb in Upper Franconia and is one of the leading manufacturers of professional porcelain.

We advised the sellers in the sale of Oy Medfiles Ltd to WDB Holdings Co., Ltd, a listed Japanese Contract Research Organisation (CRO). In the transaction, WDB acquired 100% of the shares in Medfiles.

Medfiles is a Finnish-based CRO company with 30 years’ experience in the areas such as laboratory analytics, clinical research, regulatory affairs, and pharmacovigilance for pharmaceutical, medical device, and cosmetic companies. Medfiles Group also operates in the Baltic countries (Estonia, Latvia, and Lithuania) and currently has approximately 130 employees.

KWM has advised client Agalimmune Ltd, a private UK-based company with an innovative, anti-cancer immunotherapy platform, on the acquisition by BioLineRx Ltd, a clinical-stage biopharmaceutical company focused on oncology and immunology.

The acquisition consideration consisted of an upfront payment in cash and the remainder in BioLineRx shares. Additional future payments may be made based on development and commercial milestones.

DLA Piper advised Inventure Foods, Inc., a specialty food marketer and manufacturer, in its strategic sale of Fresh Frozen Foods to The Pictsweet Company for approximately US$23.7 million.

The transaction was part of a financial review process to increase shareholder value. Proceeds from the sale will help Inventure reduce debt and improve its balance sheet and overall financial flexibility.

Dechert LLP advised baramundi software AG (baramundi), the Augsburg-based endpoint management specialist, on its sale to WITTENSTEIN Group. WITTENSTEIN acquired the entire share capital of baramundi in a sale structured as an auction process. The parties have agreed not to disclose details of the purchase price.

Norton Rose Fulbright has advised Heyday5 on its sale to Southern Cross Electrical Engineering Limited (SCEE). Heyday5 is a leading Sydney-based electrical contracting business and SCEE is an Australian electrical, instrumentation, communication and maintenance services company headquartered in Perth and recognised for its industry leading capabilities.

The transaction combines two well-established, culturally aligned electrical contracting businesses operating in complementary sectors and geographies.

Clifford Chance's Prague office has advised Danish electronics company Bang & Olufsen on the divestment of its Czech subsidiary Bang & Olufsen, s.r.o. to its long-term partner Tymphany Acoustic Technology.

Buse Heberer Fromm advised the heirs of the founder of the GERA Metallhandel GmbH on the sale of their 50% stake in the company to both the partner and managing director of the company as well as to other buyers. All parties have agreed not to disclose any information concerning the amount of the purchase price.