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M&A: Seller's Counsel

Kirkland & Ellis Advises Qunar Special Committee on Going Private Transaction

25 Oct 2016

Kirkland & Ellis is advising the Special Committee of NASDAQ-listed Qunar Cayman Islands Limited, China’s leading mobile and online travel platform, in connection with its agreement and plan of merger with Ocean Management Holdings Limited and Ocean Management Merger Sub Limited, its wholly owned subsidiary, pursuant to which Qunar will be acquired by Ocean Management Holdings Limited in a transaction implying an equity value of Qunar of approximately US$4.44 billion. The merger agreement was announced on October 19, 2016.

Norton Rose Fulbright advises Pulse Health on Healthe Care’s AU$150m takeover bid

24 Oct 2016

Norton Rose Fulbright is advising Pulse Health Limited on a proposed acquisition by Healthe Care Australia Pty Limited, a leading Australian private hospital operator. The deal is worth AU$150 million.

Recently acquired itself, for $1 billion by Luye Medical Group, which is comprised of a network of healthcare service facilities across China, Healthe Care operates a portfolio of 17 hospital sites in major cities and key regional areas across Australia. The company has 1,800 beds, more than 50 operating theatres and more than 4,500 employees.

Skraken Förvaltning AB agrees to divest Spectral Solutions AB to Hitachi High-Technologies Europe GmbH

24 Oct 2016

Skraken Förvaltning AB has agreed to divest Spectral Solutions AB to Hitachi High-Technologies Europe GmbH.

Spectral Solutions supply solutions, products and services in relation to electron microscopy and surface science to the Nordic industry and research community.

Mannheimer Swartling advised Skraken Förvaltning. The team included inter alia Martin Ericsson, Evelina Anttila, Joel Englund, Anna Brannemark and Linus Hagman.

Carlyle Group to Sell Stake in Eastern Broadcasting to Taiwan Optical Platform

24 Oct 2016

Paul, Weiss client The Carlyle Group has agreed to sell its majority interest in Eastern Broadcasting Corporation (EBC), Taiwan's largest television broadcaster, to Taiwan Optical Platform Co., Ltd. (TOP), a Taiwan-based telecommunications services provider. Carlyle first acquired an interest in EBC in 2006 and signed the sale and purchase agreement with TOP on October 14, with a consideration of approximately $350 million. The deal is expected to close by early 2017.

The Paul, Weiss team included corporate partner Jeanette Chan and counsel Corinna Yu.

Gleiss Lutz advises on sale of Buffalo Boots GmbH to the DEICHMANN Group

20 Oct 2016

Gleiss Lutz has advised the founder and owner of Buffalo Boots GmbH, Michael Conradi, on the sale of the company to the DEICHMANN Group. Closing of the transaction is still subject to approval by the competent cartel authorities.

Buffalo Boots GmbH has its registered office in Hochheim am Main and was established by Michael Conradi in 1979. The company sells boots and shoes under the German brand Buffalo. Both the brand and the company are to be maintained as independent entities after the takeover by DEICHMANN.

BLP advises HIG Capital on sale of Hilton Doubletree Docklands

20 Oct 2016

Berwin Leighton Paisner (BLP) has advised HIG Capital (HIG) on the sale of the Luxembourg companies owning and operating the Hilton Doubletree Docklands to a fund managed by Hong Kong-based Junson Capital.

BLP originally acted for HIG on its purchase of the hotel (through a Dutch company) in 2014 and subsequently the hive-up of the Property and the Hotel Management Agreement with Hilton to convert the hotel into the Doubletree brand.

Heuking Kühn Lüer Wojtek advises shareholders of MicroDoc Computersysteme GmbH on the sale of its business shares to Data Respons ASA

20 Oct 2016

A team led by Dr. Mathias Schröder, partner at the Munich office of the law firm of Heuking Kühn Lüer Wojtek comprehensively advised the shareholders of MicroDoc Computersysteme GmbH on the sale of its shares to Norwegian-based Data Respons ASA. The acquisition price was not disclosed.
 
MicroDoc Computersysteme GmbH is a provider of IT products and offers customized software solutions. MicroDoc Computersysteme GmbH employs more than 50 at three sites in Germany and has a German subsidiary.
 

Freshfields advises Essar Energy Holdings Limited, Mauritius, on US$12.9bn. sale of 98 per cent of Essar Oil

19 Oct 2016

The Freshfields team was led by London Corporate partner Sam Newhouse.

Freshfields Bruckhaus Deringer LLP (“Freshfields”) has advised Essar Energy Holdings Limited, Mauritius in relation to its US$12.9 billion sale of 98 per cent of Essar Oil. Essar Oil is to sell 49 per cent to Rosneft, and a further 49 per cent to a consortium of international investors, including Trafigura and UCP. The transaction is subject to receipt of the necessary regulatory approvals and other customary conditions.