Resource

 

 

 

 

 

 

 

 

 

 

 

M&A: Seller's Counsel

Ashurst advises sellers on sale of Sividon Diagnostics to Myriad Genetics

09 Jun 2016

Ashurst advised the sellers on the disposal of Sividon Diagnostics GmbH (Sividon Diagnostics), a leading German breast cancer prognostic test developer, to Myriad Genetics. NASDAQ listed Myriad Genetics is a leader in molecular diagnostics and personalised medicine. Sividon was spun out of Siemens Healthcare Diagnostics in 2010 as part of a management buyout.

The purchase price amounts to up to €50 million (including earn-out).

Shoosmiths advises on sale of Primer Design to French listed company Novacyt SA

09 Jun 2016

National law firm Shoosmiths has advised the shareholders of UK-leading PCP specialists, Primer Design, on its sale to international cancer and infectious disease diagnostics listed company, Novacyt.

The French company, Novacyt, which has a base in Cambridge and raised part of the purchase price to complete the acquisition of Primer Design, through an oversubscribed funding round which raised 7.75 million (EUR).

Bird & Bird Corporate team advices We Are Experience on sale to Globant SA

07 Jun 2016

Our international Corporate team has advised We Are Experience (WAE) on the sale of the company to New York Stock Exchange (NYSE)-listed Globant SA.

The deal, which closed on 23 May 2016, is valued at USD 18.5 million and was recently announced on the NYSE.

WAE is a global design business, based in London and New York, where product design meets behavioural science. Argentinian based Globant is an IT and software development company operating in Argentina, Colombia, Uruguay, the UK, Brazil and the US.

Noerr advises Veolia on strategic divestment

07 Jun 2016

With a team led by its Berlin partners Dr. Tibor Fedke and Dr. Christoph Spiering, Noerr has advised Veolia on the sale of its interest in Kompetenzzentrum Wasser Berlin gGmbH (KWB). The shares held by the long-standing Noerr client in the research institute will be taken over by shareholders belonging to the State of Berlin. While the Berlin Senate has already approved the sale, it now still requires the approval of the Berlin parliament.

Hengeler Mueller advises Bain Capital on sale of FTE automotive

07 Jun 2016

Bain  Capital  Private  Equity  sold  FTE  automotive,  a  leading  producer  of  clutches  and brakes  headquartered  in  Ebern  (Unterfranken,  Germany),  to  the  French  automotive supplier  Valeo.  FTE  automotive  is  represented  in  eight  countries  (including  Germany, Czech Republic, Slovakia, Mexico, Brazil, and China) and generated a turnover of €500 million with 3,700 employees last year.

Travers Smith advises on the sale of Radley

07 Jun 2016

Travers Smith LLP has advised longstanding client Exponent Private Equity Partners, and other selling shareholders, on the sale of the entire issued share capital of Truly SPV 1 Limited, the holding company of Radley London, to Bregal Freshstream.  The acquisition was Bregal Freshstream's third investment since launching its first fund.

Radley is a leading British handbag and accessories brand in the affordable luxury market, with a multi-channel business and established distribution network covering the UK, Europe and Asia.

Osborne Clarke advises Integral on its proposed $330m acquisition by JLL group

07 Jun 2016

International legal practice Osborne Clarke has advised the shareholders of Bristol-based building maintenance company Integral on its $330m (£229m) sale to US-based JLL group.

The deal is expected to close in August 2016, subject to clearance from the European Commission.

The Osborne Clarke team that advised on the sale was led by Partner David Ferris, who was assisted by Chris Yeo and Alice Naylor.

Clifton Down Corporate Finance provided corporate finance advice to the Integral shareholders. JLL Group was advised by Baker & McKenzie.

Slaughter and May is advising Pollen Street Capital - sale of Target Group to Tech Mahindra

06 Jun 2016

Slaughter and May is acting for funds advised by Pollen Street Capital on the sale of Target Group to a wholly-owned subsidiary of Tech Mahindra Limited for an enterprise value of £112 million. Target Group is a leading provider of business process outsourcing and software solutions for over 50 major financial institutions across the globe, including clients such as Goldman Sachs, Morgan Stanley, Credit Suisse, Barclays and Shawbrook Bank.

Vinge has advised Axcel and other owners in connection with the sale of the Netel group to IK Investment Partners

03 Jun 2016

Vinge has advised Axcel and other owners in connection with the sale of the Netel group to IK Investment Partners. Netel is a leading service provider within the rollout and maintenance of telecom, broadband and electrical networks in the Nordic and Baltic regions with an revenue of approx. SEK 1.5bn.

Vinge’s team consisted of partner Christina Kokko together with, among others, associates Louise Nordkvist, Johanna Wiberg (M&A) and Adam Weissbach (IP) as well as paralegal Pernilla Warg.