TLT has acted for global leader in high performance door sealing systems, Lorient Group, on its sale to global intelligent lock and security solutions provider, ASSA ABLOY. 

TLT worked with UK-based and overseas teams including US counsel to prepare the business for acquisition. We led a strategic review of the group and worked closely with the shareholders and financial advisers throughout the process. The team managed and advised on the M&A process and how to best deliver on the group's objectives for the sale, to ensure a smooth and positive outcome.

Belid Lighting AB was established 1969 and is one of Scandinavia’s leading manufacturers of lighting for the industry and home sectors as well as the “contract market". From its head office in Varberg, Sweden, the family Herstal has, throughout the recent years, consolidated the “Belid” and “Herstal” brands under the new brand, Belid Lighting.

Its partnership with Accent Equity is supporting Belid Lighting’s continued growth strategy. Says CEO and co-owner, Martin Herstal:

Freshfields Bruckhaus Deringer has advised DVB Bank SE (DVB), a subsidiary of DZ BANK AG, on the sale of DVB’s Land Transport Finance division to Landesbank Hessen-Thüringen (Helaba).

The purchase agreement provides for the entire Land Transport Finance client lending portfolio (€1.4 billion as at 30 June 2018) and employees to be transferred to Helaba. Closing of the agreement is subject to the approval of antitrust authorities, as well as other conditions customary in the market. The sale is expected to be closed during the first half of 2019.

Kirkland & Ellis LLP advised Bristol-Myers Squibb Company (NYSE: BMY), a global biopharmaceutical company, on its offer from Taisho Pharmaceutical Holdings Co., Ltd. (TYO: 4535) to purchase Bristol-Myers Squibb’s UPSA consumer health business for $1.6 billion. UPSA develops and delivers important consumer medicines for patients in France, across Europe and around the world. Taisho Pharmaceutical Holdings Co., Ltd  is the largest over-the-counter (OTC) drug company in Japan, with over a century of experience in this field.

RTPR Allen & Overy has advised private equity fund CEECAT Capital on the sale of Brikston Construction Solutions S.A. (previously Ceramica S.A.) to the Austrian group Leier.

Brikston Construction Solutions S.A. is one of the major players on the masonry and finishing materials market in Romania, with over 200 employees in the factory in Iasi.

The team of lawyers who assisted the client on this project included Costin Taracila (Managing Partner), Andrei Mihul (Managing Associate) and Marina Giurgica (Junior Associate).

Baker McKenzie acted as lead legal advisor to Canadian off-the-road (OTR) tire and track maker Camso on its sale to French tire maker Michelin for an enterprise value of USD 1.7 billion.

Post-acquisition, the OTR operations of Michelin and Camso will be combined to form a new division to be managed from Camso’s Quebec headquarters. This combination will benefit from the complementary positioning of the two companies’ product and service offerings, creating a leading global player in the OTR market.

Travers Smith LLP has advised the executive management team of TES Global Group Limited (TES) in relation to the sale of TES by TPG Capital to Providence Equity Partners L.L.C. (Providence).

Global law firm Norton Rose Fulbright has advised Australian-founded Avoka, a leader in digital customer acquisition and on boarding, on its acquisition by Swiss Exchange listed banking software company Temenos AG.

The A$339m (US$245m) acquisition will see the Avoka platform, Avoka Transact, integrated with Temenos’ Digital Front Office product, and will provide Avoka with the resources and scope to further develop on the world stage.

Slaughter and May, Hong Kong, advised Swire Pacific Limited (“Swire Pacific”) on the sale of its entire interests in the paints business to the Akzo Nobel group for a cash consideration. The estimated profit on the sale is approximately HK$2.7 billion.

A team led by Munich-based partners Dr. Helge-Torsten Wöhlert and Dr. Markus Rabe advised Deutsche Raiffeisen-Warenzentrale GmbH (DRWZ) on the sale of sports and leisurewear manufacturer JOY sportswear GmbH. The buyer is Bremen-headquartered C. Melchers GmbH & Co. KG, which operates more than 50 subsidiaries in 23 countries.