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M&A: Seller's Counsel

IFP to Sell Groupe Claire to Gimv

01 Dec 2018

The Paris Private Equity team is advising Industries and Finance ("IFP") on its exclusive negotiations to sell Groupe Claire to Gimv, a European investment company. Groupe Claire aims to rely on the support of its new shareholder Gimv to expand in Northern Europe and develop innovative technologies, thereby confirming its position as a leading player in equipment and solutions dedicated to the efficiency of drinking water networks, in France and abroad. Financial terms were not disclosed.

CMS advises VR Equitypartner and BIP Investment Partners on sale of specialist chemical company LEUNA-Tenside to Vantage Specialty Chemicals

30 Nov 2018

Frankfurt/Main – Frankfurt-based private equity firm VR Equitypartner and BIP Investment Partners S.A. of Luxembourg have sold their jointly-held portfolio company LEUNA-Tenside GmbH to US firm Vantage Specialty Chemicals Holding Inc. The two equity investors had acquired a majority stake in LEUNA-Tenside in 2015 as part of a succession arrangement. The parties agreed not to disclose the deal value. The transaction is currently awaiting approval from the merger control authorities.

Sidley Advises HNA Aviation & Tourism Group on the Sale of Radisson to Jin Jiang-led International Consortium

29 Nov 2018

Sidley is representing HNA Aviation & Tourism Group in its sale of 50.21 percent of shares in Radisson Hospitality AB (publ), a public company listed on Nasdaq Stockholm (Radisson AB), and all shares in Radisson Hospitality Inc. to the consortium led by Jin Jiang International Holdings Co., Ltd. HNA Aviation & Tourism Group is an industry-leading global provider of travel and lifestyle services with core businesses including transportation, hospitality, travel and catering. Jin Jiang International Holdings Co., Ltd.

Addleshaw Goddard advises Pirtek Europe on transatlantic buy-out

29 Nov 2018

Addleshaw Goddard's Leeds Corporate team has advised the management of Pirtek Europe, on the exit of The Halifax Group's majority stake in the company, and acquisition by PNC Riverarch Capital, also a US-based private equity firm.

Pirtek Europe is a leading on-site provider of hydraulic hose replacement and associated services across Europe.  

Pirtek Europe operates across more than 185 centres and 750 mobile units spanning the UK, Ireland, Germany, Austria, Belgium, Netherlands and Sweden including centres in Yorkshire and the North East.

Ashurst advises SNCF on the sale of its subsidiary Ouibus to Blablacar

28 Nov 2018

International law firm Ashurst advised SNCF on the competition and employment matters related to the sale of its bus division Ouibus, to the French startup BlaBlaCar, global leader of carpooling.

Ouibus has transported more than 12 million passengers over the past few years in France and Europe. By offering buses on BlaBlaCar directly, the company can capitalize on its brand and huge community to counter the trend of bus travelling and become a marketplace for all road travel.

Baker McKenzie legal Advisor in the sale of Hope

27 Nov 2018

The leading Swedish fashion brand company Hope has been sold to Gotoga AB, whose owners are the majority shareholders of fashion brand Whyred. The sellers are Hope founders Ann Ringstrand and Stefan Söderberg and investment company Varenne.

Baker McKenzie acted as legal advisor to the founders and Varenne in connection with the sale. Baker McKenzie's team was led by Anna Orlander with assistance of Erik Holmgren and Johanna Flink.

Mayer Brown Private Equity team advises The Halifax Group on the sale of Pirtek Europe

23 Nov 2018

London – Mayer Brown's Private Equity team has advised The Halifax Group and Management on the sale of Pirtek Europe, the leading on-site provider of hydraulic hose replacement and associated services across Europe, to PNC Riverarch Capital, a US-based private equity firm. Transaction terms were not disclosed.

Founded in 1988, Pirtek Europe has 185 service centres and 750 mobile units across the UK, Ireland, Germany, Austria, Belgium, the Netherlands and Sweden.

Bird & Bird advises Lowell in Nordic cross-border transaction as Lowell divests its Nordic Payment business to Collector Bank AB

23 Nov 2018

Lowell has signed an agreement to sell its Nordic payment business, Lindorff Payments, to Collector Bank AB. By divesting Lindorff Payments, Lowell will focus on its core business services of third party collection, debt purchasing and the related invoicing and information services. The completion of the deal is expected before the end of the year.

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