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M&A: Seller's Counsel

Ashurst advises Intermediate Capital Group Plc on the Parkeon group sale

21 Apr 2016

Ashurst advised Intermediate Capital Group Plc (ICG) on the sale of the Parkeon group to Astorg Partners.

The Parkeon group is the global leader in the sector of parking management solutions and digital urban mobility. As a result of the transaction, the Astorg Partners investment fund owns a majority shareholding in the Parkeon group; the balance is owned by the management.

The transaction was completed on 15th April 2016.

Trelleborg signs agreement to sell its shares in Vibracoustic

20 Apr 2016

Trelleborg has signed an agreement to sell its shares in Vibracoustic GmbH to Freudenberg. The finalization of the transaction is expected in the second quarter of 2016, subject to approval by the relevant authorities. Through this transaction Trelleborg leaves the joint venture "TrelleborgVibracoustic" that was formed with Freudenberg in 2012. Read more here.

Vibracoustic is a global market and technology leader in vibration control technology for the worldwide automotive industry; in 2015, the company generated sales of approximately EUR 1.9 billion with 9,354 employees.

Weil Represents CEE Stock Exchange Group and Oesterreichische Kontrollbank in Sale of Stake in the Budapest Stock Exchange to the National Bank of Hungary

20 Apr 2016

Weil represented CEE Stock Exchange Group AG (CEESEG), a holding company with controlling stakes in the Vienna, Prague, Ljubljana and Budapest stock exchanges, and Oesterreichische Kontrollbank (OeKB) in connection with the sale of their combined shareholding of approximately 70% in the Budapest Stock Exchange to the National Bank of Hungary. The transaction closed in December 2015.

Luther to advise EEW Energy from Waste on Sale to Beijing Enterprises

19 Apr 2016

Dusseldorf–Beijing Enterprises is taking over the waste company EEW Energy from Waste: the nearly €1.44 billion investment is the so far greatest direct investment made by a Chinese company in Germany. The seller is the Swedish investor EQT who three years ago had taken the majority share in the former E.ON subsidiary EEW. Luther acted as one of EEW's advisors during said sale and assisted the waste incineration expert with their due diligence.

Olswang advises Arjowiggins Healthcare on its planned acquisition by Meeschaert Private Equity

19 Apr 2016

Arjowiggins and Meeschaert Private Equity have announced the planned sale of Arjowiggins Healthcare to Meeschaert Private Equity in partnership with the company’s executive management team.

Information/consultation procedures have been initiated with the relevant personnel works councils and the transaction should be finalised by the end Q2 2016.

Verian Technologies : Sale of Membership Interests to Basware

18 Apr 2016

We acted as local counsel to the owners of the U.S.-based Verian Technologies LLC in a transaction where Basware Corporation acquired the membership interests in the target. Part of the purchase price was paid in the form of new shares issued by Basware Corporation with the remaining part paid in cash.

Headquartered in Fort Mill, South Carolina, Verian Technologies LLC is a leading cloud-based e-procurement solution provider with more than 150,000 users in the fast growing purchase-to-pay market.

White & Case Advises Kazzinc on Sale of Kazakh Gold Deposit

15 Apr 2016

White & Case LLP has advised Kazzinc Limited, a subsidiary of Glencore plc, on its sale of Orion Minerals LLP, which owns the Komarovskoye gold deposit in the Republic of Kazakhstan, to Polymetal International plc.

Located in north western Kazakhstan, Komarovskoye is one of the country's largest gold deposits, with inferred resources of an estimated 28 metric tons at 1.5 g/t gold containing approximately 1.4 Moz1. Resources are estimated only to the depth of 280 meters, while mineralisation is traced to a depth of 450 meters.