Deutsche Beteiligungs AG (DBAG) has sold its shares in Broetje Automation GmbH to the Chinese firm Shanghai Electric Group Company Ltd. The DBAG-managed DBAG Fund V and mechanical and plant engineering firm Duerr AG as a minority shareholder sold their shares at the same time, along with other co-investors. The sale price was not disclosed. The transaction is currently awaiting approval from the competition authorities.
Orrick advised the shareholders of Düsseldorf-based marketing agency Markenloft in the company’s sale to Japanese advertising agency Dentsu Aegis Network, which is part of the Dentsu Group. The transaction is subject to the approval of cartel authorities.
Markenloft was founded in 2008 and, with about 30 employees, generated a revenue of approximately €4.2 million in 2015. Markenloft’s clients include Deichmann, Targobank and TUI.
TGW Logistics Group has acquired CHM Automatisierungstechnik GmbH, headquartered in Stephanskirchen, Upper Bavaria, Germany. CHM is a robotics and automation technology expert, which will expand the TGW Group with "TGW Robotics" as a 100 percent subsidiary.
Houthoff Buruma advised one of the shareholders groups in Cygne BV on the sale of Nidera Capital NV to Cofco Corporation. Nidera is a major international agribusiness and trading company with annual turnover of USD 18.5 billion in 2015. Nidera has domestic and internal operations in 19 major export and import countries and distributes its products to more than 60 countries in the world.
Houthoff Buruma team included: Michiel Wesseling , Paul de Vries , Sabrina Gajadhar
Bankernes Kontantservice has just been sold to the Loomis group. Plesner has advised the Danish Central Bank and the selling banks on the transaction.
Bankernes Kontantservice (BKS) has approximately 340 employees and is a specialist in managing cash for stores, businesses, local authorities and banks.
BKS was originally established in 2010 when a number of banks joined their functions to handle money counting and cash transport. The Danish National Bank and the majority of the Danish banks owned BKS.
Commercial law firm Noerr has, with a team led by Dr Tibor Fedke and Katrin Andrä, advised the consultancy firm Persicon on its takeover by PwC Deutschland.
On 16 August 2016, Unilever announced that it had signed an acquisition agreement with Blueair, a world leading supplier of air purification technologies and solutions. The acquisition is expected to further complement Unilever’s product portfolio, marking its entrance in the air purification business. Blueair, on the other hand, may leverage Unilever’s sustainable practices, global resources and channels to gain better development and to help more people breathe clean air and enjoy a healthy indoor environment.
International law firm Ashurst has advised the founder of Blueair on the sale of Blueair to Unilever. Blueair is a world leader in air purifying solutions with an annual turnover of US$106 million in 2015. It is a leading player in the premium category of air purifiers in markets like China, US, Japan, South Korea and India.
A cross-office Baker & McKenzie M&A team recently advised LafargeHolcim, a building materials company, on the divestment of its interest in Holcim Lanka to Siam City Cement Public Company Limited (SCCC), Thailand’s second largest cement producer, for an enterprise value of US$400 million.
Stephenson Harwood has advised Steed Oriental (Holdings) Company Limited – a listed company on the GEM board of the Hong Kong stock exchange which manufactures customised plywood products – on the disposal of a 57 percent equity interest, valued at HK$190 million.