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M&A: Seller's Counsel

Macfarlanes advises Simplifydigital on its sale to Dixons Carphone

22 Mar 2016

Macfarlanes has advised Simplifydigital, the UK’s largest broadband, TV and home phone switching business on its sale to Dixons Carphone, Europe’s leading specialist electrical and telecoms retailer and services company.

Simplifydigital was founded in 2007 and its acquisition will help Dixons Carphone to bolster its position in the quad play market, covering mobile, landline, TV and broadband.  The transaction is expected to complete at the end of March.

DLA Piper advises Bromford Industries on its sale to Liberty Hall Capital partners

22 Mar 2016

DLA Piper has advised Bromford Industries (Bromford), a leading supplier of complex, close tolerance engine components, fabrications and assemblies and landing gear components for the global aerospace and power generation industries, on its acquisition by Liberty Hall Capital partners (Liberty Hall) for an undisclosed amount.

Sale of Komax Medtech

22 Mar 2016

Komax Holding AG has signed a sale agreement for Komax Medtech with GIMA, a subsidiary of the Italian IMA Group. The transaction is valued at approximately CHF 28 million and includes the entire equity of Komax Systems LCF SA, Switzerland, the entire equity of Komax Systems Rockford Inc., USA and 76% of the equity of Komax Systems Malaysia Sdn. Bhd., Malaysia. The deal also includes an earnout of up to CHF 6 million and CHF 2 million for the purchase of the remaining 24% of Komax Systems Malaysia's equity.

King & Wood Mallesons advises GED Capital on its divestment in the Spanish industrial group Aleastur

22 Mar 2016

King & Wood Mallesons (KWM) has advised Spanish private equity firm GED Capital on the sale of its 2001 investment in Asturiana de Aleaciones S.A. (Aleastur) to an international financial investor. GED Capital has made a 2.3 times return from this deal.

Aleastur, a Spanish-based manufacturer of aluminium grain refiners and master alloys, is one of the three largest companies worldwide in its sector by turnover. Currently, 88% of its production is aimed towards the international market.

Schellenberg Wittmer advises in sale of Trendcommerce Group

18 Mar 2016

The founders of the Trendcommerce Group, a leading independent provider for output management, direct marketing and telemarketing in Switzerland and Liechtenstein, sold a substantial part of their shares to various investors close to Investnet AG, an association of investors based in Herisau. The founders remain invested in the Trendcommerce Group with a significant stake and will continue to serve on the board of directors of the Trendcommerce Group companies.

Cross-office Team Advises MCI.TechVentures Fund on Record Exit

16 Mar 2016

Squire Patton Boggs has represented private equity firm MCI in its record €76 million exit from Invia/Travelplanet, the leading e-travel player in Central and Eastern Europe (CEE).

The cross-border team led by Warsaw Corporate partner Michal Karwacki advised the MCI.TechVentures Fund on the sale of 100% shares in Invia/Travelplanet to Rockaway Capital. In the transaction, valuing Invia at €76 million, MCI sold its shares in the company for €56 million. It marks a record deal with the highest return on a single investment in the fund’s history.

Laureate Education sells Glion Institute of Higher Education and Les Roches International School of Hotel Management

15 Mar 2016

On 15 March 2016, Laureate Education, Inc., the largest global network of degree-granting higher education institutions, and Eurazeo, a leading european investment company, signed an agreement under which Eurazeo will acquire Glion Institute of Higher Education (“Glion”) and Les Roches International School of Hotel Management (“Les Roches”) from Laureate Education. The transaction value amounts to CHF 380m.

Weil Advises Echo Investment S.A. on Sale of Controlling Stake to Redefine Properties Limited

15 Mar 2016

Weil advised Echo Investment S.A. in connection with the indirect sale of 75% (plus one share) of the issued share capital of Echo Prime Properties B.V. to Redefine Properties Limited, a company organized and existing under the laws of South Africa, a worldwide real estate investment trust (REIT). The value of the transaction is estimated to be at €1.2 billion, reportedly the largest-ever single transaction of income generating real estate assets in Central Eastern Europe.

Wiersholm has assisted in the sale of Gravifloat AS

15 Mar 2016

Wiersholm has acted for the sellers in the sale of shares in the company Gravifloat AS. The shares were acquired by Sembcorp Marine Limited, a listed company based in Singapore, which provides engineering solutions to the global offshore and marine industry, drawing upon more than 50 years of track record.

The shares are sold in two tranches in consideration of a total purchase price of USD 76 million.