Resource

 

 

 

 

 

 

 

 

 

 

 

M&A: Seller's Counsel

Roschier represented TDC A/S in the sale of TDC Sverige AB

29 Jun 2016

Roschier represented TDC A/S in the sale of TDC Sverige AB to Tele2 Sverige AB. Tele2 will pay SEK 2.9 billion to take over TDC Sweden’s local customers, more than 800 employees and managers and the local infrastructure in the Swedish market. The sale of TDC Sweden marks the end of the strategic review which TDC launched in January 2016. With the divestment of the activities in Sweden, TDC will focus its resources on the company’s continued activities in Denmark and Norway. The sale of TDC Sweden is subject to the approval by the European Commission.

Propertize sold, NautaDutilh advising seller

29 Jun 2016

NautaDutilh advises NLFI, the foundation that manages the shares in nationalised financial institutions on behalf of the State. The purchase price for Propertize amounts to  EUR 895.3 million euros, of which EUR 22.5 million is conditional.

The State of the Netherlands acquired Propertize, previously named SNS Property Finance, when SNS REAAL was nationalised in 2013. On 31 December of that same year, Propertize was made independent and received a capital injection from the State of the Netherlands amounting to EUR 500 million.

Eversheds advises Steelite International on its sale to US private equity house

28 Jun 2016

 Eversheds has advised Steelite International, the £100m-turnover ceramics manufacturer, on the sale of the company to US Private equity house, PNC Riverarch.

The Eversheds corporate team was led by partner Catherine Eley, with support from associates James Finney and Peter McHugh.

The acquisition by PNC Riverarch, the private equity arm of the PNC Financial Services Group, provides an exit for chief executive Kevin Oakes.

John Miles has now been appointed Steelite chief executive

Hannes Snellman Counsel to Telia Company in its Divestment of Sergel Group to Marginalen AB and Marginalen Bank Bankaktiebolag

28 Jun 2016

On 21 June 2016, Telia Company announced a divestment of the Sergel Group, a group offering credit management and debt purchase services in the Nordic and Baltic countries, to Marginalen AB and Marginalen Bank Bankaktiebolag, for SEK 2,070 million (approximately EUR 222 million) on a cash and debt-free basis.

Kirkland & Ellis Represents Ascendent Capital Partners on Conditional Mandatory Cash General Offer for China Automation Group Limited by Araco Investment Limited

27 Jun 2016

Kirkland & Ellis represents Ascendent Capital Partners in connection with the HK$549 million acquisition of shares and subsequent HK$790 million conditional mandatory cash general offer by Araco Investment Limited for China Automation Group Limited (HKSE: 569), a company listed on the Hong Kong Stock Exchange. The transaction was announced on June 24.

The Kirkland team is led by corporate partner Nicholas Norris, debt finance partner David Irvine and associates Derek Poon and Hong Cheong Wong.

Telia Company divests Sergel to Marginalen

27 Jun 2016

Telia Company  has agreed to divest Sergel Group, its Nordic and Baltic credit management services (CMS) and debt purchase business, to Marginalen AB and Marginalen Bank Bankaktiebolag, for SEK 2,070 million (on a cash and debt free basis).

Sergel has historically been the in-house collection unit of Telia Company but has gradually expanded its strategic focus to also provide CMS and debt purchase services to external customers. Sergel is composed of six subsidiaries with business in Sweden, Finland, Norway, Denmark, Latvia and Lithuania.

Norton Rose Fulbright advises BHL Limited on the proposed privatisation of Bracell Limited

27 Jun 2016

Global law firm Norton Rose Fulbright has advised BHL Limited on the proposed privatisation of Bracell Limited. The privatisation will involve the cancellation of all shares not already held by BHL or Gold Silk Holdings Limited. BHL’s offer of HK$1.78 per share values Bracell at approximately HK$6.09 billion.

King & Wood Mallesons advises ARS Altmann AG on the sale of PCT Private Car Train GmbH

23 Jun 2016

The Bavarian based ARS Altmann AG, one of the leading medium-sized companies in the automotive logistics sector in Europe, sold the rail freight company, PCT Private Car Train GmbH (PCT), to the Austrian Federal Railways (ÖBB). King & Wood Mallesons (KWM) acted as legal advisor to ARS Altmann AG.
The signing of the sale of PCT to ÖBB occurred on 4 March 2016. Since April 2016, the PCT has operated as part of the Rail Cargo Group under the name "Rail Cargo Carrier - PCT".

Weil Advises the Shareholders of Balmain in Sale to Mayhoola for Investments

22 Jun 2016

Weil is advising the shareholders of French fashion brand Balmain on its sale to Qatari investment group Mayhoola for Investments SPC.

The Weil team based in Paris includes Corporate partners David Aknin and Emmanuelle Henry; Tax partner Stephane Chaouat; Antitrust partner Romain Ferla; Corporate associates Fabrice Piollet and Côme Wirz; Tax associate Frédéric Bosc; and Antitrust associate Athene Chanter.