The Firm is representing Kohlberg Kravis Roberts & Co. L.P. in connection with its sale of Coriance Groupe SAS, a French district heating company, which will be acquired by First State Investments managed infrastructure funds. The proposed transaction is subject to customary approvals. Coriance operates a portfolio of 29 regulated district heating concessions in France, under which it supplies heat to residential, social and commercial buildings, sells cogenerated electricity to state-owned utility EDF and also provides energy services in the heating sector.

We advised Anvia Oyj in its divestment of Anvia Telecom Oy, Anvia IT-Palvelut Oy, Anvia Hosting Oy, Anvia TV Oy and Watson Nordic Oy to Elisa Oyj. The overall value of the deal was EUR 107 million.

Elisa Oyj, a listed Finland-based company headquartered in Helsinki, is an integrated telecoms provider, offering wireless voice, data and internet services, e-mail and e-business services. Anvia Oyj, a Finland-based company headquartered in Vaasa, is a provider of communication, IT, entertainment and security solutions.

Withers Bergman advised NeoStrata Company, Inc., a global leader in dermocosmetics, in its recent sale to Johnson & Johnson Consumer Inc. for an undisclosed sum. The acquisition, which included NeoStrata’s affiliates and privately held parent company TriStrata, Incorporated, closed on May 27, 2016.

The Withers Bergman deal team included corporate partners M. Ridgway Barker and Patricia M. Lee and tax partners David M. Lehn and Mitchell R. Kops as well as senior associates Jeanne Solomon and Aaron Kriss.

Herbert Smith Freehills has recently advised Orange on the sale of FIME, a world leader in certification consultancy and testing for secure transactions, to Chequers Capital.

FIME has seven locations globally (Canada, Europe, USA, India, Korea, Taiwan and Japan) and around 400 employees.

Our corporate team has advised Lancaster-based RG Bassett & Sons on the acquisition by Stoke-based S J Bargh.

Logistics group S J Bargh, which specialises in milk collection and distribution and whose customers include Arla Foods, Joseph Heler, and Müller Milk, has acquired RG Bassett & Sons, which trades as Bassetts, for an undisclosed sum.

Esin Attorney Partnership, a member firm of Baker & McKenzie International, a Swiss verein, advised Clear Channel Ireland Limited (Clear Channel) on the sale of its Turkish assets, Clear Channel Tanitim ve iletisim A.S. and Mars Reklam Produksiyon A.S., to Turkish investor Umut senol. Clear Channel has been one of Turkey's premiere outdoor advertising companies for more than a decade, prominently featured throughout Istanbul's ic transport system and largest retail centers.

Global law firm Norton Rose Fulbright has advised Regal Beloit Corporation (“Regal”) on the sale of the entire corporate capital of Costruzioni Meccaniche Legnanesi, an Italian manufacturing company engaged in the business of designing, engineering, manufacturing, assembling, marketing and selling valves for the oil, gas, chemical processing, distribution and water treatment sectors to Rotork, a leading UK company with a global presence that specialises in manufacturing facilities for the flow of gases and liquids.

Com Hem and Teracom Boxer Group AB have entered into an agreement regarding  Teracom Boxer Group AB’s divestment of its Swedish pay TV business – Boxer TV-Access AB (“Boxer Sweden”).

Boxer Sweden is the pay TV provider within the digital terrestrial television network and has more than 500,000 subscribers. The divesture includes Boxer Sweden’s entire business, including customer base and trademark. The price amounts to SEK 1,550 million, including Boxer Sweden’s net cash.

Dechert LLP advised Orange, one of the world’s leading telecommunications operators, in the sale of its entire 70% stake in Telkom Kenya to Helios Investment Partners.

Telkom Kenya is the country’s incumbent fixed-line operator and is the third player in the mobile market. In accordance with the agreement signed in November 2015 between Orange and Helios Investment Partners, and following the approbation of the relevant authorities, Orange completed on 10 June 2016 the sale of its entire 70% stake in Telkom Kenya.