Osborne Clarke has advised the founders of Playa Games GmbH on the sale of 100% of its shares to Stillfront Group AB (publ).

Hamburg-based Playa Games is one of Germany’s leading casual strategy game developers and publishers with five released games and approx. 70 million registered players. The company’s flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game (MMORPG). The strategy game is published on both browser and mobile platforms.

TLT has acted on the sale of Edenhall Group, Britain's largest independent manufacturer of concrete facing bricks, to listed landscape products manufacturer Marshalls plc.

Marshalls has acquired 100 per cent of the issued share capital of Edenhall Holdings Limited in a strategic acquisition to boost its growth in the new build housing market.

De Brauw was local counsel to Tower International on its sale of its European operations. More information on the deal is outlined below.

Client name

Tower International, Inc.

Other parties involved

Financière SNOP Dunois S.A.

Nature of transaction

We advised the leading American private equity firm, Berkshire Partners, on Luxembourg tax and corporate law aspects of its divestment of Farm Boy, a Canadian grocery store, which Berkshire Partners acquired in 2012. Farm Boy was sold to the Canadian food retailer Empire Co Ltd for a total enterprise value of USD 618 million, and will be set up as a separate company within Empire’s structure.

International legal practice Osborne Clarke has advised Finantix, a leading provider of technology enabling digitalisation of financial services, on the acquisition of a controlling interest in it by Motive Partners.

Motive Partners will support Finantix and its founders in continuing to build out their market leading suite of products and expand their geographic footprint in to core growth markets. The transaction announcement follows strong financial results at Finantix, with the company having experienced significant growth in recent years.

Greenberg Traurig is representing CCC S.A. in the announced tender offer for 100% of shares in Gino Rossi S.A., the execution of a conditional agreement on the sale of Gino Rossi S.A. receivables with Bank PKO BP S.A. and the signing of agreements with certain minority shareholders of Gino Rossi S.A. regarding their participation in the tender offer process.

Davis Polk advised Telia Company AB on the sale of its interest in FE Coscom LLC (“Ucell”) to the State Committee of the Republic of Uzbekistan for Assistance to Privatized Enterprises and Development of Competition, a governmental authority of the Republic of Uzbekistan, for $215 million on a debt-free basis.

Our Luxembourg office advised Jack Wolfskin, a major producer of outdoor wear and equipment, and the selling shareholders Bain Capital, CQS and HIG Capital, in its acquisition by Callaway Golf Company, an American global sporting goods company, for EUR 418 million.

Freshfields Bruckhaus Deringer has advised HSH Nordbank AG on the successful completion of its privatization process. The successful switch from public to exclusively private shareholders is new territory in the German banking sector.

Subject to the usual committee appraisals and after entry in the commercial register, the bank is expected to trade under the name of Hamburg Commercial Bank AG next February.

Herbert Smith Freehills’ M&A team has advised CSR on the sale of its Viridian glass business to Crescent Capital Partners.

The transaction, which was announced on 28 November 2018, followed a competitive sale process involving a number of interested parties and includes the sale of property in Dandenong which is used by the Viridian business. The sale to Crescent is subject to a limited number of conditions with completion expected by 31 January 2019.