Jones Day advised Guardian Digital Communications Limited, the parent company of Airwave Solutions Ltd., in its acquisition by Motorola Solutions Inc. for $1.2 billion. This acquisition was part of a larger restructuring, including a scheme of arrangement compromising around $3 billion of liabilities in bankruptcy restructuring materials as well.
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Baker & McKenzie has advised Bain Capital on the sale of the Brakes Group to Sysco Corporation, North America's leading foodservice distributor, for an enterprise value of USD3.1 billion.
Brakes Group, a leading supplier to the foodservice in the United Kingdom, France, Sweden, Spain, Belgium and Luxembourg, is owned by Bain Capital, one of the world's foremost private equity firms.
Hamburg - Getreide AG has sold Brandenburg-based Landhandel GmbH Gransee to ATR Landhandel GmbH & Co. KG. In the transaction, Getreide AG was assisted by Luther lawfirm and relied on proven advisors: In 2014, Luther had already supported the agricultural group during the sale of a majority of its agricultural trade activities to the Danish Dava Agravis. At the time, the deal included nine companies with about 60 locations (see Press Release).
A team led by Dr. Thorsten Kuthe from the business law firm Heuking Kühn Lüer Wojtek’s Cologne office advised Medisana AG on the public takeover by Comfort Enterprise (Germany) GmbH, a subsidiary of Xiamen Comfort Science & Technology Group Co., Ltd. (Easepal). Via several transactions with the major shareholders, including CEO Ralf Lindner and the Chairman of the Supervisory Board, Thies Goldberg, Easepal acquired a total of 75.31 percent in Medisana AG and published a voluntary public takeover offer for the Medisana AG shares.
Travers Smith LLP has advised the founders of client Plumbee on its sale to GSN Games (a leading provider of social casino games and cash tournaments) for an undisclosed sum. Travers Smith previously advised Plumbee on its initial (and subsequent) funding by Idinvest Partners and the investment into Plumbee by Endemol.
The Travers Smith team was led by corporate partner William Howard and corporate associate Hugh Hutchison.
The shareholders in Boka Doktorn International AB have transferred the majority of their shares to CAB Group AB.
Boka Doktorn supplies an internet-based service that enables information to be shared between insurance companies, call centres as well as connecting healthcare providers and patients in the Nordic region. The service includes bookings, communication, customer surveys and invoice processing. The Head Office is located in Gothenburg and the service is currently used by around 600 clinics and approximately 20 insurance companies.
Noerr has advised the foodpanda Group on the sale to JustEat plc. of food delivery service companies which do not belong to foodpanda’s core business. The transaction affects the markets in Brazil and Mexico as well as the Rocket internet services in Italy (Pizzabo) and Spain (La Nevera Roja). The total purchase price is €125m.
Even after this sale, foodpanda continues to be the market leader in emerging countries and is present in a total of 24 countries. The company will focus its activities on its core markets in Asia, the Middle East and Eastern Europe.
Addleshaw Goddard has advised long standing client ECI Partners (ECI), the leading growth-focused, mid-market UK private equity firm, on the sale of Citation to HgCapital, generating a multiple of 5.4x money for investors.
Since ECI's investment in December 2012 it has helped Citation, which provides HR, employment law, and health & safety solutions to 16,000 SMEs across the UK, grow its customer base from around 5,000 to 16,000 and its revenue from £20 million to over £40 million forecast in 2016.
White & Case LLP has advised Cobepa and Kanelium Invest SA on Cobepa's transfer of SGG Group to Astorg Partners.
Established in Luxembourg, SGG Group is a leading independent trust service provider. It offers a variety of tailor-made services for both corporate and institutional clients worldwide, including banks, law firms and managers of funds, and family offices.
Pegroco Invest has disposed of its entire shareholding in Diakrit International Ltd. to the media group News Corp Australia by means of a cash transaction. Pegroco receives approximately SEK 140 million in liquid funds.
Pegroco has been an active partner since 2004 and is, together with the management and SEB Venture Capital, the main owner of the company. Pegroco receives with approximately SEK 140 million for deposits and shares, depending on the exchange rate for the US dollar.