Resource

 

 

 

 

 

 

 

 

 

 

 

M&A: Seller's Counsel

VINGE ADVISES ON SALE OF EMRIC

01 Sep 2016

Vinge has advised InnKap 4 Partners LP, E. Öhman J:or AB, F Månsson Invest AB and other shareholders in Emric Partners AB in connection with the sale of the company to Tieto. Emric offers software and services related to credit management and had a turnover of MSEK 185 in 2015. The purchase price is based on an enterprise value valuation of MSEK 300. In addition, the parties have agreed on an earn-out based on Emric’s results during 2017 and 2018.

Vinge’s team consisted of partners Johan Winnerblad and Daniel Rosvall.

DLA Piper advises Carlyle Infrastructure Partners on AU$350 million block trade

01 Sep 2016

Global law firm DLA Piper has advised Carlyle Infrastructure Partners on the AU$350 million block trade of its remaining stake in Qube Holdings Limited (QUB.ASX) with Citigroup.

The DLA Piper team was led by Corporate partner David Ryan, with assistance from Finance & Projects partner Onno Bakker, senior associates Tim Perry, Gary Segal and Kelly Morrison, and solicitor Olivia Wild.

Orrick Advises Shareholders in Sale of Slovakian Telecoms Provider Benestra

01 Sep 2016

Orrick has advised a consortium of international private equity firms, including Bessemer Venture Partners, Columbia Capital, HarbourVest Partners, Innova Capital, MC Partners and Oak Investment Partners, in the sale of Slovakian telecommunications provider Benestra to leading private equity house Sandberg Capital. The transaction, announced on May 26, 2016, has been completed.
 

LETT assists in sale of NN Markedsdata

01 Sep 2016

On 31 August 2016, the listed Swedish equity fund Ratos announced its acquisition of NN Markedsdata, completed through its subsidiary Bisnode. LETT advised the owners of NN Markedsdata in connection with the transaction.

NN Markedsdata was established in 1997 and today employs 40 members of staff. The acquisition brings the Bisnode staff up to 110 members and the Bisnode annual revenue will reach DKK 180m in Denmark.

Macfarlanes advises on sale of Gourmet Burger Kitchen

01 Sep 2016

Macfarlanes has advised the management team of Gourmet Burger Kitchen (GBK) on its £120 million sale to South African company Famous Brands from Capricorn Ventures, which also owns high street restaurant chain Nando's.

GBK was founded in 2001 in London and now comprises 75 company-owned restaurants across the UK and is widely renowned as a market leader in the premium burger category.

Taylor Wessing advises Phagenesis on staged acquisition by Nestlé Health Science

01 Sep 2016

International law firm Taylor Wessing has advised Phagenesis, the medical device company that has developed a new treatment for dysphagia, on its staged, milestone-based acquisition by Nestlé Health Science.

Under the terms of the agreement, Nestlé Health Science will make an upfront payment, followed by milestone-based funding, while Phagenesis completes the clinical evaluation of Phagenyx. The staged acquisition will be based upon successful completion of European and US development programs anticipated by 2019. Financial terms have not been disclosed.

Clyde & Co advises Hiscox on sale of its Hong Kong DirectAsia business

01 Sep 2016

Global law firm Clyde & Co has advised Direct Asia Insurance (Holdings) Pte Limited, a Singaporean subsidiary of the Hiscox Group, on the sale of the Hong Kong division of its DirectAsia business to Well Link Group Holdings Limited, following regulatory approval from the Office of the Commissioner of Insurance (OCI) in Hong Kong.

The Clyde & Co team advising Hiscox was led by Counsel Kevin Martin with support from Singapore Partner Ian Stewart and the transaction team included lawyers Gillian Morrissey and Wei Qi Jen.

AG advises STAR Capital on sale to Groupe Eurotunnel

31 Aug 2016

Addleshaw Goddard has advised STAR Capital Partners ("STAR") who have recently announced the completion of the sale of its STAR II funds’ 51% shareholding in ElecLink to Groupe Eurotunnel SE ("GET") for €75 million.

ElecLink was originally established in 2011 as a joint venture between STAR and GET. Since then the shareholders have worked together to bring this strategic infrastructure from an initial idea to a fully developed project ready to be constructed.