Caledonia Investments has agreed to the sale of Park Holidays UK, the third largest holiday park operator in the UK, to Tiger Bidco Limited, a special purpose vehicle incorporated by Intermediate Capital Group (ICG) for a headline enterprise value of £362m.

Having acquired the company in November 2013, which at the time was valued at £172m, Caledonia Investments stands to make a positive return on its initial equity investment of circa £88m, receiving a reported £197m in cash for its stake in Park Holidays UK.

We acted as Finnvera Plc’s legal advisor when the company sold 80 per cent of its holding in Seed Fund Vera Ltd to Innovestor Kasvurahasto I Ky. After the transaction, Finnvera will remain an owner of Seed Fund Vera Ltd, with a holding of about 20 per cent.

The deal is one step in the process where Finnvera gradually gives up its venture capital investments. The arrangement ensures the continuity of the Fund’s investment activities and provides better opportunities to obtain further financing for the portfolio companies.

Burges Salmon advises Piper PE LLP and management on the acquisition of Loungers by Lion Capital of Piper’s stake and a portion of the founders’ stake.

The corporate team from Burges Salmon has advised Piper PE LLP and management on the acquisition of Loungers by Lion Capital of Piper’s stake and a portion of the founders’ stake in a transaction that values the business at £137 million.

Travers Smith LLP has advised long-standing client Lyceum Capital ("Lyceum") and management on the sale of Clearswift, the global digital security software company to RUAG, a Swiss technology company active in defence and security across Europe, USA and Asia.

Headquartered in Theale, Berkshire, Clearswift has approximately 140 employees and global sales and distribution capabilities with a significant presence in Europe, the Americas and Asia-Pacific.

Global law firm White & Case LLP has advised Zetes Industries SA on the sale by its key shareholders, Cobepa and Zephir Corporation, of a controlling participation in Zetes to Panasonic Group.

The transaction was signed in Brussels on December 22, 2016. Brussels-based White & Case partner Thierry Bosly, who co-led the Firm's deal team, said: "We successfully supported a complex and challenging deal which represents the further development of our Belgium-listed client Zetes."

LETT assisted the owners of Danish Rawbite in connection with the sale of the controlling interest in the company to the family-run German cake and bisquit enterprise Bahlsen.

Rawbite markets high-end organic fruit and nut bars. Rawbite was founded by Morten Fullerton, Nikolaj Lehmann and Rolf Nolsøe Bau in 2009 and has since seen considerable growth, as the bars are now sold in over 30 countries.

Altor AB has announced a recommended cash offer to the shareholders of Transcom. The Offer values Transcom at approximately SEK 2,294 million.

Hannes Snellman is acting as legal advisor to the Board of Transcom in connection with the offer, with a core team including Björn Kristiansson, Anna Green Jensen and Ebba Werkell.

The joint owners of Switzerland-based Unilabs, private equity funds Apax Europe VI, Nordic Capital Fund VI ("Nordic Capital") and Apax France VII have accepted an offer from Apax IX, advised by Apax Partners LLP, for the acquisition of their respective stakes in Unilabs.

Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH)(TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.

Vinge has advised EQT V (Frostbite I S.à r.l.) in connection with its divestment of shares in Dometic Group AB (publ) through three accelerated bookbuilds carried out on 26 May, 30 August and 21 November 2016. Through the placements, EQT has divested its complete holding of Dometic shares. In total, approximately 170 million shares have been placed, amounting to approximately 57% of the total number of outstanding shares in Dometic and an aggregate value of approximately SEK 10 billion.