Stibbe advises EFG Hermes Private Equity on the acquisition by Vortex, its renewable energy platform, of a 365 MW solar energy portfolio in the UK from TerraForm Power with an enterprise value of approximately GBP 470 million.
Stibbe worked on this matter together with Shearman & Sterling Abu Dhabi.
Scope Growth III L.P., the founders Mikael Söderlindh and Viktor Tell and the remaining current owners divest Happy Socks to Palamon Capital Partners. Happy Socks was founded in 2008 by Mikael Söderlindh and Viktor Tell and is today present with its colourful and designed led socks and underwear in more than 90 markets. With SEK 40 million of growth capital being injected to support the continued expansion of the business, the transaction is made on a SEK 765 million post-money enterprise value.
Loyens & Loeff advised Bain Capital LLC, a US-based private equity firm, on the disposal of Apple Leisure Group Company, a US-based company, engaged in offering travel and tourism services to Kohlberg Kravis Roberts & Co. L.P., a US-based private equity firm and KSL Capital Partners, LLC, a US-based private equity firm.
LETT has assisted in the sale of the Danish brewery Bryggeriet Skands A/S, which produces and markets quality beer.
The sale of Skands A/S is part of an ownership transfer. Since its establishment in 2003, Skands A/S has won much praise for its products. The brewery’s beer is sold in well-assorted supermarkets and the brewery is also a supplier to the Royal Danish Theatre.
Private equity investors Advent International and Bain Capital have acquired all shares in the leading German payment solutions provider Concardis GmbH headquartered in Eschborn/Frankfurt. Sellers are numerous representatives of the German banking sector, amongst others Deutsche Bank, Commerzbank, DZ Bank and the German Savings Bank Association (DSGV). Closing of the transaction is subject to the approval of the supervisory authorities.
A GvW team headed by Lead Partner Dr Markus Rasner advised Concardis on all legal aspects of the transaction.
Osborne Clarke has advised long-standing client The Green Deal Finance Company (GDFC) on the £40m disposal of its wholly-owned subsidiary, GDFC Services Limited (GDFC Services) to Green Bidco No 1 Limited.
Travers Smith LLP has advised longstanding client Exponent Private Equity ("Exponent") and other selling shareholders on the sale of Immediate Media Co ("Immediate") to Hubert Burda Media ("Burda").
Taylor Wessing has advised the shareholders of Babel Systems Limited, a London-based leading high growth FinTech company, on the sale of its entire share capital to Los Angeles based, InvestCloud, Inc. for $20 million.
Babel Systems has created the most modern API-based trading and accounting solution on the market and has major clients such as Nutmeg, the recognised market leader in Robo-Advice in the investment space.
Roschier represented 3i Group plc, and funds managed by 3i, on its sale of Lekolar, a supplier of educational and learning material, furniture and playground materials to pre-schools and schools in the Nordics, to Nalka Invest AB, an investor in small- and medium-sized companies primarily in the Nordic region.
The sale, which is subject to the receipt of regulatory approvals as well as the satisfaction of customary closing conditions, is expected to close in March, 2017.
Gide has advised Viadeo, a company listed on compartment C of Euronext Paris that operates a professional social networking site, and its US subsidiary APVO. After an out-of-court phase, the companies entered a reorganisation proceeding at the end of November 2016 in order to implement a sale plan. In this context, the takeover offer by Figaro Classifieds, part of Groupe Figaro and online job boards leader in France, was chosen by the Paris commercial court on 23 December 2016, less than one month after Viadeo began its reorganisation proceeding.