Mylan, a leading global pharmaceutical company whose shares are traded on NASDAQ Global Select Market and the Tel Aviv Stock Exchange, has announced a recommended bid for Meda. Meda is a leading international specialty pharma company. Meda’s products are sold in more than 150 countries worldwide and the company is represented by its own organization in over 60 countries. The Meda share is listed under Large Cap on Nasdaq Stockholm. Meda’s net sales amounted to more than SEK 19 billion in 2015.

The transaction was one of a series of sales of Rocket Internet and Grupo Foodpanda companies valued at €125 million

Rocket Internet, a German IT company, and the international food distribution group, Foodpanda, have sold Grupo Yamm Comida a Domicilio S.L. (La Nevera Roja), based in Spain, to the British company Just Eat, as well as other food distribution companies in Italy (PizzaBo and hellofood Italia), Brazil (hellofood Brazil) and Mexico (hellofood Mexico). The transaction is yet to be approved by the competition authorities.

Norton Rose Fulbright has advised Tropical General Investments Group (TGI Group) on the auction sale of Chi Ltd, Nigeria’s leading fruit juice, dairy and snacks manufacturer, to The Coca-Cola Company (Coca-Cola).

The transaction is structured as an initial sale of 40% of the entire issued share capital and a forward sale of the remaining 60% of the issued share capital which will be transferred in three years.

DLA Piper represented Multi-Fineline Electronix, Inc. (MFLEX), a leading global provider of high-quality, technologically advanced flexible printed circuits and assemblies, in its sale to Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ). The transaction has been unanimously approved by the both companies’ boards of directors.

Clifford Chance has advised EQT Infrastructure II on the sale of EEW Energy from Waste (EEW) to Beijing Enterprises Holdings. The equity purchase price amounts to EUR 1.438 billion. Closing is scheduled for the end of February 2016 once the German foreign trade clearance certificate has been issued. The deal represents the largest Chinese direct investment in a German company to date.

Kirkland & Ellis represents the Special Committee of the Board of Directors of NYSE-listed Agria Corporation, a global agricultural company, in connection with its review of an acquisition proposal from a buyer group led by the executive chairman Mr. Guanglin Lai. The non-binding preliminary proposal was announced on January 29, 2016. To read more about the transaction, please click here.

The Kirkland team is led by Hong Kong corporate partners David Zhang, Jesse Sheley and and Amie Tang.

Fieldfisher has advised Access Intelligence on its disposal of Due North Limited, the cloud-based procurement platform.

European law firm Fieldfisher has advised Access Intelligence plc on its disposal of Due North Limited to Proactis Holdings Limited for £4.5m. 

Skadden is representing China-based travel service provider Ctrip.com International Ltd. as part of the buyer group in its going-private acquisition of eLong, Inc., announced February 4.

Herbert Smith Freehills has advised IFM Investors (IFM) on the completion of its sale of Pacific Hydro to China’s State Power Investment Corporation (SPIC). Completion of the deal follows the signing and announcement of the transaction on 16 December 2015.

Pacific Hydro, which was acquired by IFM in 2005, owns 900 megawatts of generation capacity across 19 hydropower dams and wind farms in Australia, Chile and Brazil, as well as a significant pipeline of wind and hydro development projects in Australia, Chile and Brazil.