Gide has advised the real estate investment management company Cleaveland and its shareholders on signing an agreement for its acquisition by the Edmond de Rothschild Group. This acquisition remains subject to approval from the French financial markets authority.

A leading independent real estate asset management company for third parties, Cleaveland covers the entire value-chain of real estate management activities (OPCI management company, asset management and property management) and handles over EUR 2.5 billion of assets.

Nctm Studio Legale advised the management team of DOC Generici, which in 2013 co-­invested in the company together with Charterhouse, both in the sale and in the new reinvestment alongside CVC Capital Partners.

The management team was advised by Nctm with a team made up of Pietro Zanoni, Barbara Aloisi and Roberta Russo.

Charles Russell Speechlys has advised Mike Cooke, founder and Chairman of Currency Exchange Corporation Limited (“CEC”), on the sale of the company to FEXCO, Ireland’s most successful independent multinational financial services provider.

Global law firm Norton Rose Fulbright has advised the majority shareholder of MOBOTIX AG on the sale of its block of shares to Konica Minolta Inc.
MOBOTIX AG is a global provider of IP cameras and corresponding software.

Konica Minolta will purchase approximately 65% of the shares of MOBOTIX AG. The acquisition is subject to approval by the antitrust authorities.

Global law firm Norton Rose Fulbright has completed several prominent technology M&A and investment deals so far this year, cementing its role as a top advisor to the sector.

Since January 1, 2016 we have advised:

* The Miner Group (Plant Miner) on an AU$3.5m fundraising (closed March 2);
* Objective Corporation’s acquisition of Onstream Systems (announced February 26);
* Petstock on its acquisition of online New Zealand retail business pet.co.nz (completed January 29); and
* Netbox Blue on its sale to Bloomberg (announced January 12).

Slaughter and May is advising Allianz on the agreed sale of its indirect wholly-owned subsidiary, AGF Insurance Limited (AGF), to Catalina Holdings UK Limited. AGF is a UK-regulated insurance company which, prior to entering run-off in 1999, wrote predominantly direct employers’ and public liability insurance in the UK. The transaction, which is expected to complete in Q3 2016, is subject to the prior approval of the Prudential Regulation Authority.

Contacts

Allen & Overy LLP advised the internationally leading engineering and services group Bilfinger on the sale of the Bilfinger MCE Group to Habau, a company domiciled in Perg in Upper Austria. The parties agreed not to disclose the purchase price. The transaction is still subject to clearance by the German and Austrian cartel authorities and is expected to close in the second quarter of 2016.

Hong Kong –  Paul Hastings, a leading global law firm, announced today that it represented CMC Capital Partners (“CMC”), China’s leading investment fund with a focus on the media and entertainment sector, and FountainVest Partners (“FountainVest”), a leading China-focused private equity firm, in completing a sale of 20 million shares of Hong Kong-listed IMAX China, which represents an approximately 6 percent stake in the company. IMAX China is a subsidiary of IMAX Corporation, an innovator in entertainment technology.

IAC/InterActiveCorp (“IAC”) has divested PriceRunner to NS Intressenter. PriceRunner, founded in 1999, is a price comparison site where consumers can find the lowest prices and compare millions of products. The company has operations and websites in Sweden, Denmark, United Kingdom and Germany and an office in China. PriceRunner has 108 employees.

Herbert Smith Freehills is pleased to be advising AGL Energy Limited (AGL) on the A$151 million sale of its 50 percent equity interest in the Diamantina Power Station joint venture (DPS) to APA Group, its joint venture partner in DPS.

DPS is located in Mt Isa, Queensland and comprises the 242 MW combined cycle gas turbine Diamantina Power Station and the 60 MW open cycle gas turbine Leichhardt Power Station, serving its foundation customers Glencore and Ergon. AGL will continue to supply gas to DPS under the existing gas sales agreement which runs to 2023.