Mayer Brown announced today that it represented RT Holding GmbH on the sale of PAALGROUP to Kadant Inc., a US-based global supplier of high-value, critical components and engineered systems used in process industries worldwide.

PAALGROUP is the leading European manufacturer of channel balers used in the processing of recyclable and waste materials. The holding of the company is based in Georgsmarienhütte (Germany) and has additional operations in Germany, the United Kingdom, France and Spain.

The London office of Debevoise & Plimpton LLP has advised Opportunity International in its agreement to sell a majority stake in Kinshasa, a microfinance institution operating in the Democratic Republic of Congo (DRC), to VisionFund International.

Dentons has advised the shareholders of City Hospitals and Clinics AD (City Clinic) on the conclusion of definitive agreements for the sale of 100% of the company to Acibadem Saglik Hizmetleri ve Ticaret A.S (Acibadem).

Osborne Clarke has advised 42reports GmbH on its takeover by DILAX Intelcom GmbH. The Berlin-based start-up 42reports provides analysis for stationary retail. The company’s tracking technology enables the collection of solid, statistical data as well as individual anonymized information.

Setterwalls has advised Ceder Capital in connection with the divestment of e-Gain to Summa Capital. e-Gain is world leading within climate based automatic control of energy use in properties.

The team was led by Mattias Detterfelt and Anders Grefberg and primarily assisted by  Tobias Öd and Vala Karimi.

IKEA Industry has signed an agreement to divest IKEA Industry Latvia and 50 % of Incukalns Timber to Rettenmeier Baltic. IKEA Industry Latvia owns and operates a saw mill in Latvia and Incukalns Timber supplies the saw mill with logs.

IKEA Industry was advised by Mannheimer Swartling in the transaction. The firms team was lead by Lars Kongstad assisted by Erik Hensfelt.

The Corporate Finance team at Burges Salmon has advised specialist fund manager Bridges Ventures LLP and management on their sale of Babington Group to RJD Partners.

Bridges Ventures, which operates as a specialist sustainable and impact investor, initially invested in Babington Group in 2009. Under Bridges Ventures’ ownership, not only has Babington subsequently seen its revenue increase by more than £13m, but it has also been able to support over 32,000 learners, and help over 3,700 formerly unemployed people to find jobs.

The Manchester office of law firm, Hill Dickinson has advised on the sale of Cleanex Contract Services Limited to AM Services Group Limited, a provider of facilities management services to a number of blue chip clients situated in the North West, North East and Midlands via AM Support Services and Pristine Washrooms. 

Trowers & Hamlins' corporate team has advised the shareholders on the sale of cloud service provider Carrenza Limited to Six Degrees Technology Group Limited (6DG), for an undisclosed sum.

The shares of the German based biotech company were sold to the Irish company Amryt Pharmaceuticals

Berlin—Global law firm Dentons advised the charitable foundation Software AG Stiftung, the majority shareholder of biotech company Birken AG, on Birken's share-for-share sale to Irish company Amryt Pharmaceuticals Designated Activity Company.