The London office of law firm Irwin Mitchell has advised car rental software provider, Thermeon Worldwide Ltd, on its sale to Valsoft Corporation Inc.
Valsoft is a Montreal-based company specialising in the acquisition and development of vertical market software businesses. Under the agreement, Valsoft has acquired Thermeon’s assets, including its brand name, CARS+.
The shareholders in Diamorph AB (publ), with Serendipity Group AB, Serendipity Ixora AB and Investment AB Latour (publ) as majority shareholders, have entered into an agreement to divest all of their holdings in Diamorph to the British private equity firm Epiris through Epiris Fund II. The transaction value amounts to between SEK 1.4-1.5 billion.
Munich – High-Tech Gründerfonds, Milestone Venture Capital and the company’s founders have sold their shares in Protected Networks to SolarWinds. The Berlin-based start-up was established in 2009. Its 8MAN product offers cross-sector solutions for access rights management and enables companies to protect sensitive data against unauthorised access. 8MAN will now be integrated into the existing product portfolio of US firm SolarWinds for marketing worldwide.
London—Dentons has advised the partners of Autonomous Research on an offer made by AllianceBernstein, the US investment management and broking group, to acquire all the partnership interests and shares of Autonomous.
A cross-border team from Baker McKenzie has advised LafargeHolcim on the disposal of its 80.6 percent interest in Holcim Indonesia to Semen Indonesia, for an enterprise value of USD 1.75 billion on a 100 percent basis. LafargeHolcim is a global leader in building materials and solutions. Semen Indonesia is one of the largest cement players in Southeast Asia, operating production plants across Indonesia’s three major islands (Java, Sumatera and Sulawesi).
Paris – Paul Hastings LLP, a leading global law firm, announced that it has advised shareholders and re-investors of France-based Aries Alliance, a manufacturer of machine tools, titanium wing structures, and engine parts for the aerospace sector, in connection with the LBO of the group, structured by Astorg Partners, which acquired a majority stake. BNP Paribas, Banque Populaire, LCL and Société Générale provided senior debt financing for this transaction.
International law firm Ashurst has advised Blackstone and the management shareholders on the sale of 100% of the shares in Ixom to Keppel Infrastructure Trust ('KIT'). Completion of the transaction is conditional on FIRB and OIO approval, as well as approval from KIT's unitholders.
The transaction marks the Blackstone private equity team's first disposal in Australia.
International legal practice Osborne Clarke has advised the management team of the Holiday Taxis Group in connection with the sale of the company, subject to regulatory approvals, to the Hotelbeds Group. Holiday Taxis will operate as an independent brand within the Beyond the Bed unit (Hotelbed’s renamed ancillary unit).
Hotelbeds is the world’s leading bedbank. The acquisition will complement Hotelbed’s existing portfolio of content and reinforces the company’s commitment to growth in the rapidly expanding ancillary distribution space.
Watson Farley & Williams (“WFW”) advised the shareholders of Germany’s Lucht Probst Associates Group (“LPA”) on its acquisition by private equity investor Motive Partners. Both parties have agreed not to disclose the terms of the transaction.
Christian von Sydow, Nadine Hartung and Germar Enders advised an aerospace certification company on its sale to a business standards company.