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M&A: Seller's Counsel

General Atlantic acquires Argus Media

24 May 2016

Travers Smith LLP has advised Argus Media Limited (the "Company") in relation to the sale of the Company to a newco backed by General Atlantic ("GA") and its new senior management equity arrangements with GA and Argus Executive Chairman Adrian Binks.

The Travers Smith team was led by senior partner Chris Hale working alongside private equity partner Ian Shawyer.  They were supported by private equity associates Laura Pembridge and Adrian Duncan. Tax partners Jessica Kemp and Russell Warren and senior tax associate Andrew Callaghan provided tax advice to Management.

Allen & Overy advises Nasmyth family on Argus Media exit

24 May 2016

Allen & Overy is advising the Nasmyth family on its exit from Argus Media, the global energy and commodity price reporting agency it founded in the 1970s.

The Nasmyth family’s exit makes way for a new strategic partnership to be formed between Argus Media, which is valued at close to GBP1 billion, and leading global growth equity firm General Atlantic.

The transaction signifies a new era of growth for the company, which is one of the largest commodities price reporting agencies globally with 750 full-time staff in 21 offices worldwide.

Hannes Snellman Counsel to Valedo on its Divestment of Akademikliniken

23 May 2016

Valedo Partners Fund I has agreed to divest its majority holding in Akademikliniken to Polaris Private Equity. The majority of the other shareholders of Akademikliniken, comprising key employees and founders, remain significant shareholders alongside Polaris and will together continue Akademikliniken’s development and expansion.

Slaughter and May is advising Oddo & Cie - disposal of Kleinwort Benson Investors

23 May 2016

Slaughter and May is advising Oddo & Cie on the disposal of Kleinwort Benson Investors to Amundi Asset Management. Kleinwort Benson Investors, a fast-growing equity management firm headquartered in Dublin and with offices in Boston and New York, is part of the BHF Kleinwort Benson Group which was recently acquired by Oddo & Cie.

Slaughter and May also advised Oddo & Cie on the disposal of the Kleinwort Benson wealth management business in the UK and Channel Islands to Société Générale, which was announced in March 2016.

Herbert Smith Freehills advises SAS Trustee Corporation on its sale of StatePlus

23 May 2016

Herbert Smith Freehills has advised SAS Trustee Corporation (STC) on its sale of financial planning business State Super Financial Services Australia Limited (StatePlus) to First State Super.

STC conducted a competitive dual-track sale process that commenced in late 2015 and culminated in the receipt of a number of trade sale proposals and an underwritten IPO bid on 20 May 2016.

KWM advises the ICP-group on the sale of its technical network operator - ICP International Cash Processing GmbH

20 May 2016

Concardis GmbH, one of the leading payment service providers in Europe, acquires the Germany-based ICP International Cash Processing GmbH (ICP). The acquisition is still subject to approval by the German Federal Cartel Office. King & Wood Mallesons (KWM) provided legal advice to the ICP-group.

ICP is an independent system operator for card-based payment transactions. ICP has a network operation, its own acquiring portfolio and is authorized to provide payment services as an e-money institution.