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M&A: Seller's Counsel

White & Case Advises Bank Degroof Petercam on Transfer of Participation in Landolt & Cie

19 Jul 2016

Global law firm White & Case LLP has advised Bank Degroof Petercam on the transfer of its minority participation in Landolt & Cie SA to Landolt Holding SA.

The Brussels office of White & Case advised Bank Degroof on its merger with Petercam in 2015, and has now advised the merged entity on the transfer of its 25 percent share in Landolt & Cie to Landolt Holding SA, an entity owned by the Landolt family. The closing took place in Lausanne on July 15, 2016.

Dechert Advises Medtech, Bertin Nahum, Newfund and Ally Bridge Group on Sale to Zimmer Biomet Holdings

19 Jul 2016

Dechert LLP advised Medtech SA, and the main selling stockholders, Bertin Nahum, Newfund and Ally Bridge Group on the disposition to Zimmer Biomet. Medtech, founded in 2002, designs, develops, and markets robotic for brain surgery Rosa and applications to assist in surgical procedures, helping to create safer and more efficient, less invasive treatment.

Davis Polk Advises ARM on Its Acquisition by SoftBank

18 Jul 2016

Davis Polk is advising ARM Holdings plc as to U.S. law in connection with a recommended all-cash offer for ARM’s entire share capital by SoftBank Group Corp. that values ARM’s share capital at approximately £24.3 billion (approximately $32 billion). It is intended that the acquisition be effected by means of a scheme of arrangement under U.K. law and the acquisition is expected to close in the third quarter of 2016.

Slaughter and May advising ARM Holdings - recommended cash offer by SoftBank Group Corp

18 Jul 2016

Slaughter and May is advising ARM Holdings plc on a recommended cash offer for ARM's entire issued and to be issued share capital by SoftBank Group Corp. The offer was announced on 18 July 2016. Under the offer, each ARM shareholder will be entitled to receive 1,700 pence in cash for each ARM share. The offer values ARM's issued and to be issued share capital at approximately £24.3 billion. It is expected the transaction will complete in Q3 2016.

Shearman & Sterling Advises on Sale of Minacs to Synnex Corporation

14 Jul 2016

Shearman & Sterling is advising CX Partners and Capital Square Partners on the sale of Minacs to Concentrix Global Holdings Inc., a subsidiary of Fortune 500 company Synnex Corporation. The purchase price is approximately $420 million, subject to closing adjustments.

Minacs is a leading outsourcing business solutions partner to global corporations in the manufacturing, retail, telecom, technology, media and entertainment, banking, insurance, healthcare and public sectors.

Freshfields advises Poundland Group plc on £597 million cash offer by Steinhoff Europe AG

14 Jul 2016

Freshfields Bruckhaus Deringer (‘Freshfields’) is advising Poundland Group plc (‘Poundland’) on the cash offer of £597 million by Steinhoff Europe AG, with the support of its ultimate parent company, Steinhoff International Holdings NV.

The offer is to be implemented by way of a court-sanctioned scheme of arrangement and is subject to the approval of Poundland shareholders. The offer is expected to complete by mid-September 2016.

Kirkland & Ellis Represents J.P. Morgan in CVC Capital Partners-led Funds’ US$1.1 billion Proposed Privatization of Nirvana Asia Ltd

11 Jul 2016

Kirkland & Ellis is acting for J.P. Morgan, as financial adviser, in connection with CVC Capital Partners-led funds’ US$1.1 billion proposed privatization of Nirvana Asia Ltd (HKSE: 1438) by way of a scheme of arrangement.  Nirvana is the largest integrated funeral and bereavement care provider in Asia, with operations in six countries across Asia. The deal was announced on July 8, 2016.
 
The Kirkland team is led by Hong Kong corporate partners Nicholas Norris and Joey Chau and debt finance partner David Irvine.

Hengeler Mueller advises Advent International on sale of majority of Thalia

11 Jul 2016

A consortium led by the Herder family, traditional German publisher, acquires the majority of the bookselling group Thalia from the joint holding company of Advent International and the family Kreke. The other divisions of the former Douglas retail group, namely perfumeries (Douglas), confectionery (Hussel), jewelry (Christ) and fashion (Appelrath-Cüpper) had been sold to new owners before. The holding had acquired Thalia as part of the former Douglas Holding AG in 2012. The Kreke family remains minority shareholder in Thalia.