Davis Polk is advising Bank SinoPac on the sale of its U.S. subsidiary, SinoPac Bancorp, to Cathay General Bancorp for $340 million, subject to certain adjustments. Under the terms of the definitive agreement, Cathay has the option to pay up to 10% of the consideration in Cathay common stock. The transaction is expected to close in the first half of 2017, subject to regulatory approvals and other customary closing conditions.
Roschier represented H.I.G. Capital in the sale of Zmarta Group to Bauer Media Group. The move adds considerable market experience and media reach to Zmarta Group in its core and expansion markets, while it strengthens Bauer Media’s footprint in the Nordics. Closing of the transaction is subject to the fulfilment of certain conditions including approval from the Swedish Financial Supervisory Authority and is estimated to occur in September / October 2016.
Gernandt & Danielsson has advised Priveq and other owners in connection with its divestment of Internatural AB to Midsona AB (publ).
Kirkland & Ellis represented Bain Capital on the financing aspects of its sale of Brakes Group, the London-based food supplier, to North American marketer and distributor of foodservice products Sysco for approximately US$3.1billion. The deal closed on July 5, 2016. To read more about the transaction, please click here.
The Kirkland team was led by finance partners Neel Sachdev and Christopher Shield, capital markets partner Matthew Merkle and tax partner Dulcie Daly.
Irwin Mitchell’s Corporate Team In Gatwick Advises On Deal
Leading law firm, Irwin Mitchell, has advised on a deal which has seen Horsham-based Envision Pharma Group (“Envision”) being bought from its existing partners, the Halifax Group.
Ardian, the independent private investment company, in collaboration with GHO Capital, the specialist European investor in healthcare, has partnered with the Envision Pharma Group’s leadership team to complete the transaction.
Freshfields has advised Engro Corporation Limited and Engro Foods Limited on Engro’s disposal of a majority stake in Engro Foods to Royal FrieslandCampina N.V., for approximately €420 million
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Engro Corporation Limited (‘Engro’) and Engro Foods Limited (‘Engro Foods’) on Engro’s disposal of a majority stake in Engro Foods to Royal FrieslandCampina N.V. (‘FrieslandCampina’), for approximately €420 million.
Advising Sageos, subsidiary of the French public geological institution BRGM, in connection with the sale of its subsidiary Geothermie Bouillante SA to the american firm Ormat Technologies Inc. and also to Caisse des dépôts. Geothermie Bouillante owns and operates a 14.75 MW geothermal power plant located in Guadeloupe Island.
Membres
* Christine Le Bihan-Graf
* Ilhem Haouas
* Laure Rosenblieh
Sidley advised an affiliate of H.I.G. Capital European Partners LP on its entry into a share purchase agreement with Bauer Media Group relating to the disposal of Zmarta Group. Closing of the transaction is subject to the fulfillment of certain conditions, including approval from the Swedish Financial Supervisory Authority, and is estimated to occur in September/October 2016.
Roschier represented AB Fortum Värme, co-owned with Stockholms stad, in the sale of the gas trading company Stockholm Gas AB and the owner of the gas distribution network in the Stockholm area, Gasnätet Stockholm AB, to iCON Infrastructure, an independent investment firm with over €1 billion under management, investing in infrastructure assets in Europe and North America.
Gide has advised all Enablon shareholders on the sale to Wolters Kluwer of Enablon’s entire share capital and voting rights. The operation, amounting to over 250 million euros, was finalised on 1 July 2016. Established in 2010, Enablon is active in SaaS solutions dedicated to risk management and sustainable development issues. Enablon employs over 300 people throughout the world (France, United Kingdom, United States, Canada, Australia) and generated a turnover of 45 million euros in 2015.