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M&A: Seller's Counsel

Restore plc acquires PHS Data Solutions from Personnel Hygiene Services Limited

26 Jul 2016

Travers Smith LLP is advising PHS on the conditional sale of PHS Data Solutions to Restore plc.

PHS is one of the UK's leading providers of workplace services, with over 100,000 customers in 200,000 locations across the UK and Europe.

The Travers Smith team was led by corporate partner Lucie Cawood, with support from senior associates Will Young and Adam Martin. Tax partner Kathleen Russ and senior associate Silvana Van der Velde led the tax advice.

Idox Acquires Open Objects Software

26 Jul 2016

Irwin Mitchell Advises On Deal

The Sheffield office of law firm Irwin Mitchell has advised on a deal which has seen a leading supplier of social care and health software solutions to top tier local authorities in England being acquired in a multi-million pond deal.

Open Objects Software Limited, a specialist in the UK public sector social care and healthcare software market, has been purchased by Idox plc for up to £5.2 million.

Hogan Lovells advises the Senior Executive Management Team on the sale of VocaLink to MasterCard for £700m

26 Jul 2016

A team of Hogan Lovells lawyers have advised the senior executive management team of VocaLink Holdings Limited (VocaLink) on its sale to MasterCard Incorporated for approximately £700 million (approximately US$920 million).
Hogan Lovells role involved advising VocaLink's senior management on their management incentive arrangements and their position and related matters, including warranties and disclosures. Under the agreement, a majority of VocaLink’s shareholders will retain 7.6 percent ownership for at least three years.

Norton Rose Fulbright advises Quintain Limited on the sale of Grafton Advisors

25 Jul 2016

Global law firm Norton Rose Fulbright has advised Quintain Limited on the sale of its wholly-owned subsidiary Grafton Advisors (2006) LLP to GreenOak Real Estate.

Grafton is the property adviser to the West End of London Property Unit Trust (WELPUT), the specialist real estate fund which invests in central London offices. WELPUT is managed by Schroders and is the top performing fund in the Association of Real Estate Funds Index over the past 10 years.

DLA Piper represents Dollar Shave Club and Executive Management Team in sale to Unilever

25 Jul 2016

DLA Piper represented digital commerce start-up Dollar Shave Club (DSC) in its sale to Unilever, a global consumer goods company. The transaction is expected to close in the third quarter of this year.

Led by partner Jeff Aronson, the firm advised DSC with respect to intellectual property related matters. Partner Randy Socol separately represented the executive management team’s interests in the transaction. The firm has served as counsel to DSC since its inception in 2012.

Siliconware Precision to Be Acquired by Advanced Semiconductor Engineering

22 Jul 2016

Simpson Thacher is representing Siliconware Precision Industrial Limited (Taiwan Stock Exchange Code: 2325, NASDAQ: SPIL) (“SPIL”) in connection with the announced sale of SPIL to Advanced Semiconductor Engineering, Inc. (Taiwan Stock Exchange Code: 2311, NYSE: ASX) (“ASE”). The transaction is valued at 184.32 billion New Taiwan dollars (approximately US$5.7 billion). The transaction is subject to customary closing conditions.

De Gaulle Fleurance & Associés advised the Jacobs Engineering Group regarding the sale of its subsidiary Jacobs France

21 Jul 2016

The Jacobs Engineering Group has announced the completed sale of its French subsidiary, Jacobs France, to the NOX Group in France. Jacobs France provides specialized engineering services to sectors including chemicals, pharmaceuticals energy, and buildings.  Jacobs, listed on the NYSE, is ranked 235 on the 2016 Fortune 500 list. Its global 2015 revenue exceeded $12.1 billion and it has over 60,000 employees worldwide.

Astorg sells Metalor to Japanese industrial group Tanaka

20 Jul 2016

Leading Global law firm Baker & McKenzie has advised equity fund management company Astorg as it signed an agreement to sell 100% of the shares of Metalor Technologies International SA to Japanese industrial group Tanaka Kikinzoku Kogyo. Thanks to Astorg, Metalor has been able to invest extensively in Europe as well as in Asia and in the Americas. The Tanaka group hope to build on this, with a new level of shareholder stability and technological skill.