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M&A: Seller's Counsel

Slaughter and May advises Global Infrastructure Partners - agreed sale of London City Airport

29 Feb 2016

Slaughter and May is advising Global Infrastructure Partners (GIP), a leading independent infrastructure investor, on the agreed sale of its 75% interest in London City Airport to a consortium comprised of AIMCo, OMERS, Ontario Teachers’ Pension Plan and Wren House Infrastructure Management Limited, the infrastructure investing arm of the Kuwait Investment Authority. Highstar Capital has also agreed to sell its 25% interest in London City Airport as part of the transaction, which is not subject to any regulatory approvals and is expected to close on 10 March 2016.

Cadwalader Advises Vest Financial Group on Acquisition by Chicago Board Options Exchange

29 Feb 2016

Cadwalader, Wickersham & Taft LLP has advised The Vest Financial Group Inc. (Vest Financial), an investment company that provides options-based products and services, in its majority stake acquisition by Chicago Board Options Exchange (CBOE). As a result of the acquisition, Vest becomes a majority-owned subsidiary of CBOE.

Cadwalader’s China private equity team, led by partner Rocky T. Lee, with a group of Beijing-based associates that includes Louis B. Savage, acted as transaction counsel.

Wong & Partners advised Shell Overseas Holdings Ltd on its USD66.3 million sale of 51% interest in Shell Refining Company Berhad to Malaysia Hengyuan

29 Feb 2016

Wong & Partners, the member firm of Baker & McKenzie International in Malaysia, advised Shell Overseas Holdings Limited ("Shell") on its USD66.3 million (equivalent to MYR274,979,250 or RM1.80 per share) sale of its 51% interest in Shell Refining Company (Federation of Malaya) Berhad ("SRC") to Malaysia Hengyuan International Limited, a Labuan incorporated subsidiary of Shandong Hengyuan Petrochemical Company Limited ("Shandong Hengyuan").

Osborne Clarke advises Mubaloo on its acquisition by IPG Mediabrands

26 Feb 2016

Osborne Clarke has advised leading enterprise mobile consultancy and app developer, Mubaloo, on its acquisition by IPG Mediabrands.

Through the acquisition, Mediabrands is now able to deliver end-to-end mobile programmes; incorporating consulting, creative, UX, responsive sites, apps, enterprise integration and connected IoT technologies, such as beacons, to drive profitability and productivity. Mubaloo will be housed within Ansible, the specialist mobile division of IPG Mediabrands.

Luther advises Dorsch Gruppe on the sale of shares to RAG-Stiftung

26 Feb 2016

Dusseldorf - Luther lawfirm has successfully advised Dorsch Beteiligungsgesellschaft mbH on the sale of 70 percent of its voting rights and capital shares of Dorsch Holding GmbH. Purchaser is RAG-Stiftung Beteiligungsgesellschaft mbH (Essen).

On 17 February 2016, the transaction, including the transfer of shares, was successfully completed. The merger of Dorsch Holding GmbH and RAG Stiftung Beteiligungsgesellschaft mbH (Essen) had previously been approved by the Federal Cartel Office and the Austrian Federal Competition Authority.

About Dorsch Gruppe

Cuatrecasas advises IFC on selling its brazilian subsidiary

26 Feb 2016

Grupo Farmoquímica acquires the subsidiary

The industrial pharmaceutical group, Cantabria S.A., (IFC) has sold its subsidiary in Brazil, Melora do Brasil Productos Dermatológicos, S.A., to Grupo Farmoquímica, specializing in producing prescription medicine.

The agreement between the groups includes disinvestment and the exclusive distribution of products and raw materials over a ten-year period.

Shearman & Sterling Advises GMT and Fellow Shareholders on the Sale of Melita to Apax France and Fortino Capital

25 Feb 2016

Shearman & Sterling advised GMT Communications Partners and fellow shareholders on the sale of Melita Plc to Apax France and Fortino Capital.

Melita is the leading quadruple-play service provider in Malta and one of the first of its kind in Europe. Melita services both residential and business customers, covering 99 percent of Malta's households and dwellings, and has more than 110,000 unique subscribers. EBITDA has grown from €16 million at the date of acquisition to over €31 million at exit.

DLA Piper advises on the sale of JUVE Verlag to the specialist printing house NWB

24 Feb 2016

DLA Piper has advised the British holding company Tiparea Ltd. and the British investor Gareth Quarry on the sale of the majority interest in the Cologne-based legal publishing house JUVE Verlag. Quarry had held the majority interest since the founding of the company in 1997. The acquisition was preceded by a bidding process, at the end of which seven press and specialist publishing houses had submitted a bid. Finally, the award was made to the specialist publishing house NWB.