harles Russell Speechlys has advised the University College London Hospitals Charities on the sale of Inventive Medical limited (IML), a UK company which is the global supplier of cardio ultrasound simulation products under the HeartWorks brand, to AIM-listed MedaPhor Group plc, the global provider of advanced ultrasound skills training simulators for medical professionals.
Debevoise & Plimpton LLP is advising FWD Life Insurance Company (Bermuda) Limited ("FWD") in the sale of its pension business, consisting of Mandatory Provident Fund ("MPF") and Occupational Retirement Schemes Ordinance ("ORSO") businesses to Sun Life Hong Kong Limited ("Sun Life").
As part of the sale, FWD and Sun Life will also enter into a 15-year strategic distribution agreement allowing FWD’s tied agency to distribute Sun Life’s MPF and ORSO products in the Hong Kong market.
We have advised long-standing client Arleigh Group, a specialist wholesaler of equipment and spares to the holiday home, motorhome and inland waterways markets, on its sale to NASDAQ-listed LKQ Corporation.
From its base in Nuneaton, Arleigh supplies more than 13,000 individual items of stock every day to more than 4,000 trade accounts, turning over £23.4 million last year. Until the sale the business was backed by NVM Private Equity.
Ashurst has advised Consolidated Press Holdings Pty Limited (Seller) on its sale of Pretty Girl Fashion Group to Noni B Limited (Buyer).
The deal is worth up to A$82 million, payable in cash and Noni-B shares. An earn-out will also apply.
The acquisition will result in the Buyer, which is listed on the ASX, becoming one of the largest speciality retailers in Australia. The acquisition is to be funded by debt and an accelerated non-renounceable rights issue.
DLA Piper advised Ag Growth International, Inc. (AFN: Toronto), a leading manufacturer of portable and stationary grain handling, storage and conditioning equipment, in the disposal of its Mepu grain handling business in Finland.
The team was led by partner Ilkka Liljeroos and comprised partner Tuija Kaijalainen, senior associate Riikka Autio and associate Antti Eeva.
Houthoff Buruma assisted the sellers (among whom, H2 Equity Partners and ABN AMRO Participaties) in the sale of Evenementenhal to Artexis Easyfairs.
Houthoff Buruma team included: Michiel Pannekoek , Bram Caudri , Marloes Brans , Guillette van Grinsven , Philip van der Eijk , Gerard van der Linden , Margot Trienen
Herbert Smith Freehills is advising Sierra Rutile Limited ("Sierra Rutile") on its recommended takeover offer of 36 pence per Sierra Rutile share received from Iluka Resources Limited ("Iluka"), which was announced on 1 August 2016. The offer values Sierra Rutile at £215 million.
On 28 July 2016, the French government announced that it had selected the prospective purchasers for its shareholdings in airport companies Aéroports de la Côte d’Azur (ACA) and Aéroports de Lyon (ADL).
ACA’s capital is currently 60%-held by the State and 40% by the Nice-Côte d’Azur Chamber of Commerce and Industry, the Provence-Alpes-Côte-d’Azur Region, the Alpes-Maritimes Département and the Nice-Côte d’Azur metropolitan authorities.
Dechert LLP advised Greenweez and the main selling shareholders including Romain Roy on the sale of Greenweez to Carrefour France, one of the world’s leading food retail operators.
Founded in 2008 and based in Saint Jorioz (France), Greenweez is an online retailer for organic, eco-friendly and wellness products across Europe.
The Dechert team advising Greenweez and the main shareholders was led by corporate partner François Hellot assisted by:
* Madalina Suru and Laurent Kocimski, associates, on corporate aspects; and
Global law firm Clyde & Co has advised Younata on the sale of a majority stake in the Kalium group of companies (Kalium), a well-established medical solutions provider in the Middle East and North Africa, to AVIVO Group (AVIVO), a unit of the private equity firm Al Masah Capital.