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M&A: Seller's Counsel

Hengeler Mueller advises CRH on sale of OPTERRA Zement GmbH to Schwenk Zement

01 Mar 2017

OPTERRA GmbH, a subsidiary of CRH group, and Schwenk Zement group have signed an agreement regarding the sale of all shares in OPTERRA Zement GmbH to Schwenk Zement. CRH plc is a leading global listed building materials company headquartered in Dublin, Ireland, employing over 87,000 people at around 3,800 locations in 31 countries worldwide. The divestment is subject to antitrust clearance by the Federal Cartel Office (Bundeskartellamt).

Norton Rose Fulbright acts for printing company IPMG on the sale of IPMG Group to PMP Limited

01 Mar 2017

Norton Rose Fulbright has acted for private printing company IPMG Pty Ltd on the merger of the IPMG Group with PMP Limited.

IPMG provides printing and digital services throughout Australia. It operates through various businesses and offers services such as heatset web offset printing, sheet fed and digital printing and associated finishing solutions and services.

Hannes Snellman Counsel to Accent Equity 2012 on the Divestment of Lavare

28 Feb 2017

Lavare Holding AB, parent company of the Swedish textile services provider Textilia Group AB, is getting a new owner. The investment fund Accent Equity 2012 has agreed to divest all its shares in Textilia to De Forenede Dampvaskerier a leading Danish service company within textile laundry and rental.

Hannes Snellman acted as counsel to Accent Equity 2012 with a core team including: Claes Kjellberg, Patrik Erblad, Sanna Böris and Emma Josberg.

CVC acquires leading Polish convenience store chain Zabka from Mid Europa Partners

28 Feb 2017

Travers Smith LLP has advised the senior management team of Zabka Polska SA, the leading convenience retailer in Poland, on its sale by Mid Europa Partners to funds advised by CVC Capital Partners.

The transaction signed on 21 February and is subject to customary competition authority clearance.  It is expected to close in Q2 2017.  The transaction value is confidential but the sale is widely reported as being the largest ever transaction in the Polish food retail sector and the largest ever private equity exit in Poland.

Olswang advises online gaming company 32Red on Kindred Group's £175.6m offer

28 Feb 2017

Olswang is advising AIM-listed online gaming company, 32Red, on the recently announced recommended offer by Kindred Group plc, one of the largest online gambling companies in the world.

Kindred's offer of 196 pence per share values 32Red at £175.6m and is to progress by way of a takeover offer.  32 Red is also being advised by financial advisers, Numis.

Clifford Chance advises funds exclusively represented by Orlando Management AG on the sale of solvadis Group to Sojitz Corporation

27 Feb 2017

Clifford Chance has advised funds exclusively represented by Orlando Management AG, Munich, on the sale of solvadis Group, Frankfurt, to Sojitz Corporation.

Solvadis, a leader in international marketing and distribution of chemical and pharmaceutical products, was one of the portfolio companies of the Special Situations Venture Partners II fund. It was originally sold by mg technologies AG. As of 2016, the company employed around 140 people and generated revenues of around EUR 520 million.

Hill Dickinson transaction wins Insider’s Deal of the Month

27 Feb 2017

Timpson’s acquisition of Johnson Service Group’s (JSG) retail dry-cleaning business has been named North West Business Insider’s Deal of the Month for January 2017.

Hill Dickinson corporate partner Sue Russell advised JSG on the transaction alongside legal director Richard McKay.

Timpson Group PLC paid £8.25m on a debt-free, cash-free basis for the retail dry-cleaning business undertaken within Johnson Cleaners UK Limited, Jeeves of Belgravia Limited and Jeeves International Limited.

McCann FitzGerald advises on acquisition of Allianz - Irish Life Holdings plc

24 Feb 2017

We are advising Allianz – Irish Life Holdings plc (“AILH”) on the recommended acquisition for cash by Allianz Europe B.V. (“Allianz Europe”) of the shares in AILH not already owned by the Allianz Group. The acquisition is being implemented by means of a scheme of arrangement under the Irish Companies Act 2014.

AILH is the holding company of Allianz Ireland plc which conducts non-life insurance business in Ireland.

White & Case Advises Mid Europa Partners on Sale of Zabka Polska to CVC

23 Feb 2017

Global law firm White & Case LLP has advised Mid Europa Partners, the leading private equity investor in Central and South Eastern Europe, on the sale of Zabka Polska to funds advised by CVC Capital Partners.

"This landmark deal in the Polish market showcases the strength of our private equity practice in EMEA as well as our strong relationship with Mid Europa, which has been built on the support we've provided for a series of successful transactions in recent years," said London-based White & Case partner Ian Bagshaw, who led the Firm's deal team.

Danish architecture firm SIGNAL sold to ISS

23 Feb 2017

SIGNAL, which is one of the leading workplace design advisors in Denmark, has just been sold to ISS. Plesner advised the sellers of SIGNAL on the transaction.
Gitte Andersen, who established SIGNAL in 2000, decided together with co-owner Per Feldthaus to sell the architecture firm to ISS.

SIGNAL has about 30 employees at its offices in Copenhagen and Oslo. The company's annual turnover is about DKK 30 million. With the acquisition of SIGNAL, ISS will further consolidate its position in strategic workplace consultancy services and workplace design.