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M&A: Seller's Counsel

William Fry Advises Brite:Bill On Its Aquistion By AmDocs

15 Sep 2016

William Fry advised Brite:Bill, a Dublin-based billing software company on its acquisition by AmDocs, the Nasdaq-listed software and services provider.

Founded in 2010, Brite:Bill is headquartered in Dublin, and has offices in London, Madrid, San Francisco, Shanghai and Toronto. The company helps service providers, such as utility companies, telcos and banks, present and manage billing communications.

The William Fry team was led by Corporate Partners Myra Garrett, Mark Talbot, Barry Conway and Andrew McIntyre.

P+P advises Odewald KMU on sale of Deutsche Pflege und Wohnen AG to the Belgian company Armonea

15 Sep 2016

P+P advises Odewald KMU on sale of Deutsche Pflege und Wohnen AG to the Belgian company Armonea

German investment company Odewald KMU sold Deutsche Pflege und Wohnen AG (DPUW) to the Belgian company Armonea.

Armonea is the largest operator of senior residences in Belgium and one of the largest in Europe. Besides 82 Belgian institutions, the company operates 26 other locations in Spain.

Norton Rose Fulbright acts for Thorn Group in sale of receivables company to Credit Corp

15 Sep 2016

Global law firm Norton Rose Fulbright has advised ASX-listed company Thorn Group Limited on its sale of receivables management company National Credit Management Limited (NCML) to Australian debt collector Credit Corp for $22.6 million.

NCML operates in Australia and New Zealand as a diversified receivables management business with a focus on debt purchasing and agency collection. The sale to Credit Corp includes a purchased debt ledger (PDL) book with a carrying value of more than $20 million, 90 staff and 120 client agency agreements.

Eversheds advises Grass Roots on its sale to Blackhawk Network

14 Sep 2016

Eversheds has advised the shareholders of Grass Roots Group Holdings Ltd (Grass Roots), on its sale to California-based Blackhawk Network Holdings, Inc. (Blackhawk Network).

Grass Roots, a leading employee and customer engagement solutions company, was acquired by NASDAQ-listed Blackhawk, a leading prepaid and payments global company, for c£90m.

Sidley Advises H.I.G. Europe on Its Sale of International School of Europe Group to Inspired

13 Sep 2016

Sidley advised H.I.G. Europe, the European arm of global private equity firm H.I.G. Capital on the sale of the International School of Europe Group (ISE) to Inspired.

ISE is one of the leading International Baccalaureate schools in Europe with over 1,800 local and expatriate students in Italy. Inspired is a leading premium schools organization in Europe, Australia, Latin America and Africa.

Freshfields advises Hewlett Packard Enterprise on the sale of its software division to Micro Focus

12 Sep 2016

Freshfields has advised Hewlett Packard Enterprise on the sale and merger of its software division with Micro Focus

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Hewlett Packard Enterprise (‘HPE’) on the sale and merger of its software division with Micro Focus. HPE is an industry-leading technology company and Micro Focus is a global enterprise software company with a proven track record of managing both growing and mature software assets.

Herbert Smith Freehills advises on the simplified public takeover bid on Futuren by Boussard & Gavaudan

12 Sep 2016

Having reinforced its stake in Futuren, an independent producer of electricity from onshore wind energy, Boussard & Gavaudan (B&G) launched a simplified public takeover bid for €110 million, via BG Select Investments Ltd acting in concert with the main shareholders of Futuren, on all of the shares and convertible bonds (OCEANE) issued by Futuren and not already held by B&G and the concerting parties. Subsequent to the tender offer, B&G and Futuren's main shareholders together held 62.71% of outstanding shares and 94.24% of outstanding OCEANE convertible bonds.