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M&A: Seller's Counsel

DLA Piper represents data center automation company StackStorm in sale to Brocade

31 Mar 2016

DLA Piper represented venture capital-backed data center automation company StackStorm in its sale to publicly traded enterprise hardware company Brocade (NASDAQ: BRCD). StackStorm was funded by venture capital firm Xseed Capital, among other investors.

Stackstorm, founded by Evan Powell and Dmitri Zimine in 2013, launched from stealth mode in May 2014, and released its commercial offering (enterprise edition) in September 2015, which is designed to automate data center operations.

Norton Rose Fulbright advises ROFIN-SINAR on major transaction

29 Mar 2016

Norton Rose Fulbright has advised ROFIN-SINAR Technologies, Inc. on an agreement with Coherent, Inc. under which Coherent will acquire ROFIN-SINAR for $32.50 per share. The transaction is valued at approx. $942 million and is expected to close within six to nine months, subject to the approval of ROFIN-SINAR stockholders, regulatory approvals in the US and other countries as well as other customary closing conditions.

SPAR Holding AG to be sold to The SPAR Group Ltd.

29 Mar 2016

On March 8, 2016, the shareholders of SPAR Holding AG, the Swiss supermarket group, agreed to sell 60% of the shares of SPAR Holding AG to the South African The SPAR Group Ltd. listed on the Johannesburg Stock Exchange. The parties further agreed on put and call arrangements for the sellers' remaining interests and an extraordinary dividend, resulting in a total transaction value of approx. CHF 140 million.

Darwin Private Equity Sells Bromford Industries

29 Mar 2016

A Travers Smith team led by private equity partner, Will Yates, has advised long standing client Darwin Private Equity on the sale of Bromford Industries to Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defence industry.

Travers Smith previously advised Darwin Private Equity on its acquisition of Hampson Aerospace Machining, renamed Bromford Industries, in August 2009.

Osborne Clarke advises owner of smartclip on its sale to RTL

29 Mar 2016

Osborne Clarke has advised the owner of smartclip AG on its sale to Mediengruppe RTL Deutschland. Since 2008, smartclip bundles an online video inventory of more than 700 publishers worldwide and controls integration and delivery of video advertising on all internet-compatible devices. The company is both a strong marketer and technological innovator, promoting topics such as connected TV and multiscreen advertising.

Linklaters advises on Thailand’s largest public M&A

24 Mar 2016

Linklaters advised Groupe Casino (‘Casino Group’) on the disposal of its €3.1 billion stake in Big C Supercenter PCL (‘Big C’), a listed company in Thailand, to one of the subsidiaries of the TCC group, the Berli Jucker PCL Group. This is one of the largest public M&A transactions in Thailand to date.

Pichitpon Eammongkolchai, the lead partner on the transaction, said:

Mayer Brown advises shareholders on sale of LED Linear GmbH and its participations

23 Mar 2016

Mayer Brown advised the shareholders on the sale of LED Linear GmbH as well as its shareholdings in joint venture companies in the USA, France, UK, Switzerland, Singapore, India and the United Arab Emirates to listed Swedish lighting manufacturer Fagerhult. The transaction volume is in the mid double-digit million Euro sector.

LED Linear GmbH is located in Neukirchen-Vluyn and was founded in 2006. The company manufactures linear LED lighting solutions based on flexible printed circuit boards.

Baker & McKenzie acts for the underwriters of the A$135m institutional placement and selldown of securities in Aconex Placement and the A$494m entitlement offer by Qube Holdings Limited

23 Mar 2016

Sydney, Australia, 21 March 2016 – Baker & McKenzie successfully acted for Macquarie Captial (Australia) Limtied and UBS AG, Australia Branch, as joint lead managers and underwriters of an A$120 million institutional placement of securities in Aconex Limited (Aconex) to fund Aconex's proposed acquisition of Conject Holding GmbH, which was announced to the market yesterday.  In conjunction with the placement, the joint lead managers also conducted a selldown of approximately $15 million of existing shares in Aconex, on behalf of Aconex co-founders Leigh Jasper and Rob Phillpot