Global law firm Norton Rose Fulbright has advised Hong Kong listed Armada Holdings Limited (formerly known as SCMP Group Limited) on the HK$1.57 billion (approximately US$202 million) sale of approximately 74.19% of the issued shares in Armada by Kerry Media Limited, the controlling shareholder of Armada, as seller, to Great Wall Pan Asia International Investment Co., Limited, as purchaser.
An Orrick team advised longtime client IronPlanet in its $758 million acquisition by Ritchie Bros. Auctioneers, the world’s largest industrial auctioneer.
Under an agreement announced this week, Ritchie, based in Canada, will buy IronPlanet, a privately held leading online marketplace for used heavy equipment and other durable asset sales. In announcing the deal, Ritchie executives said the combined company would provide customers worldwide with a larger menu of platforms to sell, buy and list equipment online or on-site.
Law firm Stephenson Harwood LLP has advised the UK management team of Fitness First on the sale of its UK fitness clubs.
The global group, which opened its first fitness club in the UK in Bournemouth in 1993 and now has clubs in 16 countries around the world, is selling all 65 of its UK fitness clubs to DW Sports, the parent company of DW Fitness Clubs.
International law firm Pinsent Masons is advising AIM-listed Sweett Group PLC on the recommended cash offer by Currie & Brown.
The offer values the entire issued and to be issued share capital of Sweett Group, a provider of professional services for the construction and management of building and infrastructure projects, at approximately £29 million.
Pinsent Masons also advised Sweett Group on a competing offer from WSP Global, which valued the company at approximately £24 million and was ultimately unsuccessful.
Herbert Smith Freehills is advising Ausenco Limited (Ausenco) on its Scheme of Arrangement under which Resource Capital Fund VI L.P. will acquire control of Ausenco.
The Scheme, which gives Ausenco an implied enterprise value of approximately A$160 million, became effective on 29 August 2016 and is scheduled to be implemented on 15 September 2016.
Heuking Kühn Lüer Wojtek advised DPE Deutsche Private Equity GmbH on the sale of Westfalia-Automotive and Terwa to Horizon Global, which was performed together with its co-investors.
Westfalia is the European market leader of towbars and rear-end transport solutions.
With the acquisition of sister company Terwa in 2015, which was central to expanding production capacity, it had strengthened its aftermarket footprint in Eastern Europe.
Dentons advised Polish Enterprise Fund VII (PEF VII), a private equity fund managed by Enterprise Investors (EI), one of the largest private equity and venture capital firms in CEE, on the sale of a 100 percent stake in Scitec Nutrition, a leading European sports nutrition producer. Ascendis Health, a South African publicity listed health and care brands company, purchased the stake for €170 million.
Global law firm White & Case LLP has advised Italiaonline on its sale of Europages to a company controlled by private equity fund Paragon Partners.
Europages is a French leader in online B2B directory management and online marketing solutions for small and medium sized enterprises.
Italiaonline also renewed its commercial partnership with Europages by entering into a concession contract for the exclusive sale in Italy of Europages' products.
Slaughter and May is advising Essentra plc in connection with its divestment of its Porous Technologies business to Filtration Group, an affiliate of Madison Industries. The transaction values Porous Technologies at £220 million, free of cash and debt. Completion is subject to customary closing conditions, including a corporate reorganisation in certain jurisdictions, which are anticipated to be satisfied by Q1 2017.
Essentra plc has signed an agreement to divest its Porous Technologies business to Filtration Group. The transaction values Porous Technologies at GBP 220 m , free of cash and debt. Filtration Group is an affiliate of Madison Industries. Hengeler Mueller advised Essentra plc in an integrated team together with lead counsel Slaughter and May.