MUNICH - Reed Smith advised the Munich-based MIG Fonds, one of Germany’s leading venture capital investors, as well as other shareholders such as GA Asset Fund, on the sale of all shares in Siltectra GmbH to Infineon Technologies AG. The purchase price amounted to approximately €124 million.

Siltectra GmbH, founded in 2010 and headquartered in Dresden in Germany, is an innovative company specialising in the development of wafering technologies and related process equipment for the splitting of semiconductor materials.

Weil advised Raiffeisen Bank International AG on the Sale of the Core Business and Demerger of Raiffeisen Bank Polska S.A.

Milbank Advises Apleona on Sale of GVA

Apleona Limited, an EQT VII portfolio company, has entered into a definitive agreement with Avison Young (Canada) Inc., a Canada-based commercial real estate firm, under which Avison Young will acquire GVA, a 100% subsidiary of Apleona.

CMS advised HNA Group, a global conglomerate focused on aviation, tourism, logistics and financial services, on the high value sale of TIP Trailer Services to I Squared Capital, a New York-headquartered private equity firm focusing on global infrastructure investments.

WARSAW - Nov. 9, 2018 - Deutsche Bank AG has completed the sale and demerger of Deutsche Bank Polska S.A.'s local Private & Commercial Banking business to Santander Bank Polska S.A. (formerly Bank Zachodni WBK). The transaction includes DB Securities S.A., but excludes the foreign currency retail mortgage portfolio. The signing of the transaction was announced in December 2017, and completion was conditional on receipt of all required regulatory approvals as well as operational readiness of the local businesses for the demerger.

Travers Smith LLP has advised Livingbridge on the sale of its Baronsmead VCTs and Equity Funds investment management business (the “VC Business”) to Gresham House plc, a specialist alternative asset manager listed on the London Stock Exchange.

A cross border team of lawyers from leading global law firm Baker McKenzie advised independent Swiss alternative asset management company Patrimonium on its sale of CCS Group to GPV. The transaction is expected to close before the end of 2018.

Once completed, two firms will form one of the largest EMS companies in Europe with revenues of around EUR 350 million and 3,700 employees, and production facilities in Asia, Europe and the Americas.

Simpson Thacher is representing Kaixin Auto Group (“Kaixin”) in connection with its acquisition by CM Seven Star Acquisition Corporation (“CM Seven Star”). CM Seven Star will acquire the outstanding shares of Kaixin from Kaixin’s parent, Renren Inc., in exchange for share consideration of CM Seven Star in a transaction valued at approximately US$454 million. The transaction is expected to close in the first quarter of 2019 and is subject to customary closing conditions, including the approval of the transaction by CM Seven Star’s shareholders.