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M&A: Seller's Counsel

Orrick Team Advises Apigee In $625 Million Acquisition By Google

09 Sep 2016

An Orrick antitrust team advised cloud computing company Apigee in its $625 million acquisition by Google. In a deal announced this week, Google will pay $17.40 per share in cash to acquire Apigee, subject to Apigee shareholder approval and applicable regulatory approvals.

Google praised the addition of Apigee’s API solutions to Google cloud. In a statement, Chet Kapoor, Apigee CEO, said: “We look forward to being able to accelerate our mission to connect the world through APIs as part of the Google team.”

Freshfields advises on the sale of Formula One to Liberty Media

09 Sep 2016

The team was led by partner Charles Hayes with support from partner Valerie Ford Jacob in New York.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Formula One Group (‘F1’) and CVC Capital Partners (‘CVC’) on the sale of F1 to Liberty Media. CVC is one of the world’s leading private equity and investment advisory firms.  Liberty Media is a US-based media and entertainment company.

Macfarlanes advises on Formula One sale

08 Sep 2016

Macfarlanes has advised certain members of senior management of Formula One on its sale to US firm Liberty Media for $4.4bn.

The agreement will see Liberty Media buy 100 per cent of Delta Topco, the parent company of Formula 1, from a consortium of sellers led by private equity firm CVC Capital.  The transaction price represents an enterprise value for Formula One of $8.0bn and an equity value of $4.4bn.

EPCO SA auction sale of stake to The Riverside Company

08 Sep 2016

NautaDutilh assisted the founding shareholders (who also comprise the management) of EPCO SA (European Panel Company) with the auction sale of a majority interest in EPCO SA.

Following an intense auction process funds managed by The Riverside Company were chosen as the purchaser and investor alongside the founding shareholders/management.

EPCO SA is an innovative manufacturer of high quality sandwich panels for industrial and residential sectional doors with an exceptional high-tech production line, located in Tournai, Belgium.

Houthoff Buruma advised Telia Company in connection with the divestment of its Tcell

07 Sep 2016

Houthoff Buruma advised, together with Davis Polk, Telia Company in connection with the divestment of its 60% interest in Tajik operator Tcell to Aga Khan Fund for Economic Development (AKFED).

Houthoff Buruma team included: Paul de Vries , Sebastiaan van den Berg , Joram van den Berg , Margot Trienen

Davis Polk Advises Telia Company on the Sale of Its Interest in Tcell to AKFED

07 Sep 2016

Davis Polk is advising Telia Company AB on the sale of its 60% ownership interest in the Tajik cell phone operator Tcell to the Aga Khan Fund for Economic Development S.A. The transaction, which is expected to close by the end of the year, is subject to regulatory approvals in Tajikistan. The financial terms of the transaction were not disclosed.

Dangro Invest sold to American pension fund

06 Sep 2016

Dangro Invest A/S that has farm land investments in Poland has just been sold to the pension fund Teachers Insurance and Annuity Association of America. Plesner has advised Dangro Invest A/S's board of directors with respect to the transaction.

Dangro Invest A/S was previously owned by 416 private shareholders, primarily Danish farmers, and over a number of years the company has built up a commercial plant cultivation business in Poland.

White & Case Advised Cukurova Group on Sale of its Interest in DP Acquisitions (Holding company for the Digiturk Group)

06 Sep 2016

Global law firm White & Case advised Cukurova Group in relation to the sale by its affiliate, Fintur Technologies BV, of its interest in DP Acquisitions BV (Holding company for the Digiturk Group) to beIN Media Group. The other shareholder, Providence Equity Partners, also sold its shares in the transaction.  The Firm provided both English and Turkish law support to the Cukurova Group, working alongside Tuvan Yalim from Kabine Law Office.

Apax Funds and Guardian Media Group Sell £200 Million of Shares in Ascential

06 Sep 2016

Simpson Thacher represented Apax Partners LLP and Guardian Media Group plc on the block trade sale by Guardian Media Group plc and certain entities indirectly wholly owned by Apax Europe VII of, in aggregate, 80,000,000 ordinary shares in Ascential plc (the “Company”). The secondary offering, which was effected by way of an accelerated book build, has raised, in aggregate, gross sale proceeds of £200 million. Settlement took place on September 5, 2016. Goldman Sachs International and Merrill Lynch International acted as joint bookrunners in connection with the placing.