A team led by Dr. Pär Johansson of Heuking Kühn Lüer Wojtek's Cologne office advised Odewald KMU, a German private equity firm specializing in the SME sector, on the sale of its holding in Berlin-based DPUW group.
King & Wood Mallesons has advised Consolidated Snacks Pty Ltd on its acquisition by listed Philippines company, Universal Robina Corporation (PRC: URC) for A$600m.
Consolidated Snacks is the holding company of the partnership which operates Snack Brands Australia. Snack Brands manufactures and sells some of Australia’s most loved snack food products from its base in Sydney.
Universal Robina Corporation (URC) is one of the largest branded consumer food and beverage product companies in the Philippines.
Friendly Finance offers convenient and innovative everyday financial services. They are changing the common understanding of financial products by offering short term loans with higher speed and flexibility using the latest innovations in IT and mobile OS.
The transaction was advised by managing partner Maivi Ots.
Mayer Brown advised Avedon Capital Partners on the sale of Tesch Inkasso Group to Lowell GFKL Group, a European leader in credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan. The purchase price not disclosed.
Spigit Corporation is a leading global supplier of software solutions for innovation and idea management. Mindjet MindManager is an industry-leading software that helps business professionals achieve more by efficiently organizing and clearly communicating complex ideas and information.
Corel Corporation is a Canadian software company specializing in graphics, productivity and digital media products.
International law firm Pinsent Masons has advised Legal & General Group Plc on the sale of Cofunds, the UK's leading investment platform for advisers and other financial institutions, to Aegon for £140 million.
The sale is subject to regulatory approval which is expected by the end of 2016.
The Pinsent Masons team advising on the deal was led by corporate partner Hannah Brader supported by corporate solicitor Emma Dawe. Specialist platforms advice was provided by Tobin Ashby and Chris Riach.
Commenting on the deal Hannah Brader said:
Panasonic Europe Ltd. acquired by way of an auction process all shares in OpenSynergy GmbH.
OpenSynergy is a high-tech company specializing in embedded automotive software for in-car cockpit solutions. OpenSynergy's core products are the modular software development kit COQOS SDK for cockpit controller and connectivity systems and the leading Bluetooth stack Blue SDK. OpenSynergy's products enable the convergence of instrument clusters, head units, driver assistance systems, and car connectivity systems.
International TMT law firm Olswang has advised the Ministry of Sound Group on the sale of its iconic label Ministry of Sound Recordings to Sony Music UK. The deal sees Sony Music UK acquire the label and its stable of artists, back catalogue and compilations business.
Dürr is selling 85% of the shares in the Dürr Ecoclean Group to Chinese engineering and machinery company Shenyang Blue Silver Group (SBS Group). In April 2016, Dürr had announced that it is conducting a strategic review of the Ecoclean activities. The Dürr Ecoclean Group is the global market leader in cleaning and surface processing systems for industrial parts. The transaction is subject to regulatory approvals. Dürr will be retaining a minority 15% interest in Dürr Ecoclean.
Shearman & Sterling advised Investcorp on the £300 million sale of Tyrrells Crisps to Amplify Snack Brands, Inc. Founded at Tyrrells Court Farm, Herefordshire, in 2002, Tyrrells is a premium manufacturer of hand-cooked potato and vegetable crisps, popcorn and other savory snacks. Tyrrells has built on the brand strength of its core product offering to diversify into other premium snack categories, including popcorn, tortilla chips and vegetable crisps.