New York - Paul Hastings LLP, a leading global law firm, announced today that the firm is advising Sagicor Financial Corporation Limited, the market-leading provider of insurance products and related financial services in the Caribbean region on a proposed business combination with Alignvest Acquisition II Corporation, a special purpose acquisition corporation listed on the Toronto Stock Exchange.

Funds advised by PREMIUM Equity Partners sold 100 percent of the shares in ANTEBB Holding GmbH, the sole shareholder of Antennentechnik ABB Bad Blankenburg GmbH, to Huizhou Desay SV Automotive Co., Ltd. Heuking Kühn Lüer Wojtek advised PREMIUM Equity Partners GmbH on the sale with a team led by Hamburg-based Partner Dr. Stefan Duhnkrack. The two companies intend to use the collaboration to increase the pace of innovation and to expand their business in China and Europe. The transaction is subject to regulatory approvals and is expected to close in the first half of 2019.

Baker McKenzie advised Rexnord Corporation (NYSE: RXN) on the sale of German headquartered VAG Group to AURELIUS in the course of an auction process. The sale is the result of a strategic divestiture after Rexnord acquired the VAG Group, one of the world's leading manufacturers of water and waste water valves back in 2011.

Kirkland & Ellis advised the shareholders of Jack Wolfskin, including affiliates of Bain Capital Credit, H.I.G Bayside Capital and CQS on the agreement to sell the active outdoor brand to Callaway Golf Company, for EUR 418 million.  The acquisition, announced on 30 November 2018, is expected to close in the first quarter of 2019, subject to regulatory approvals and other customary closing conditions. On completion, the transaction will be the largest acquisition in the premium active lifestyle segment.

Slaughter and May is advising GlaxoSmithKline plc (“GSK”) on the divestment of Horlicks and other consumer healthcare nutrition brands to Unilever plc and the merger of GSK Consumer Healthcare Limited (“GSK India”) with Hindustan Unilever Limited (“HUL”) for a total consideration valued at approximately £3.1 billion.

McDermott advised a mechanical engineering company on the sale of its shares to an automotive and industrial supplier.

The Paris Private Equity team is advising Eurazeo PME on the sale of its majority stake in Vignal Lighting to EMZ Partners. Eurazeo PME has also granted exclusive negotiation privileges to EMZ Partners until January 2019.

Eurazeo PME acquired a majority stake in Vignal Lighting Group in February 2014. The transaction, should it occur, would allow Eurazeo PME to make €119 million in proceeds from the sale, including the 2016 repayment of the bonds for €27 million.