Valora Holding AG has divested its trade division (Valora Trade), which is engaged in distribution of fast moving consumer goods. Valora Trade was acquired by Aurelius AG, a listed Germany-based private equity firm. The enterprise value of the transaction amounts to CHF 45 million, including a CHF 20 million earn-out component, and involves companies in the DACH (Germany, Austria, Switzerland) and the Nordic (Sweden, Denmark, Norway and Finland) markets. The transaction is subject to customary regulatory approvals and is expected to close before the end of the year.

Vinge has advised Läckeby Water Group, a subsidiary of KFI Kapital, in connection with the sale of Purac to SDIC & Beijing Drainage Investment Fund. Purac is a leading construction company within the field of water and drainage treatment as well as biogas production in Scandinavia and China and the company is estimated to have an annual turnover this year of MSEK 730 and has 143 employees in four countries.

Vinge’s team primarily consisted of partner Johan Winnerblad together with associates Joacim Rydergård, Filip Öhrner and Andrea Ahlgren.

DLA Piper advised The Royal Bank of Scotland and Rabo Investments on the sale of INVE Aquaculture, a leading specialist manufacturer of advanced nutrition and health products for aquaculture, to Benchmark.

INVE B.V. and INVE Aquaculture Management Holding B.V. have reached an agreement with Benchmark Holdings plc  to acquire all the shares in the capital of INVE Aquaculture Holding B.V. for a total consideration of USD 342 million. The acquisition of INVE will enable Benchmark to expand its global operations in the aquaculture technology market.

Altor Fund II GP Limited and the other shareholders have entered into an agreement to divest PIAB Group Holding AB to EQT Fund VII.

The PIAB group develops and manufactures vacuum pumps, vacuum accessories, vacuum conveyors and suction cups for a variety of automated material handling and factory automation processes. The PIAB group has companies in 14 countries in Europe, Asia and North and South America.

The transaction is subject to customary approval from competitions authorities.

White & Case LLP has advised De' Longhi Industrial S.A. on the sale of 74.97 percent of the share capital in Italian air conditioning products company DeLclima S.p.A. to Mitsubishi Electric Corporation. The transaction closed on December 23, 2015.

Mitsubishi Electric will launch a mandatory tender offer for the remaining shares, representing 25.03 percent of share capital in DeLclima, in compliance with Italian financial laws and regulations.

The purchase price for 100 percent of DeLclima's shares is approximately €508 million.

Davis Polk is advising TeliaSonera AB on the sale of its 60.4% ownership interest in the Nepalese cell phone operator Ncell to Axiata Group Berhad for $1.03 billion on a cash free and debt free basis. TeliaSonera will also dispose of its economic interest in a 20% local ownership interest in Ncell for a consideration of $48 million. The two dispositions are cross-conditional. The transaction, which is expected to close in the first half of 2016, is subject to approval by Axiata’s shareholders, regulatory approvals and other closing conditions.

Osborne Clarke has advised Allgeier SE on the management buyout (MBO) together with AE BG Rho Holding GmbH. As part of the MBO, Allgeier SE sells the Austrian terna Holding GmbH together with its subsidiaries terna GmbH and terna Switzerland AG.

Allgeier is one of the leading IT service providers for business performance. The listed company works for global companies and medium-sized enterprises in a wide variety of sectors in Europe, India, Mexico and the US. The Allgeier group offers complete services from design to implementation and operation of IT systems.

Shanghai and Seoul – Paul Hastings LLP,announced today that it advised NewQuest Capital Partners in the sale of China Hydroelectric Corporation to a subsidiary of Shenzhen Energy for approximately US$492 million.  The transaction closed on December 10, 2015.

China Hydroelectric Corporation is a leading independent hydroelectric power producer in China. It currently owns and operates more than 20 operating plants that are located in hydro-rich regions in China.

Kirkland & Ellis is advising the special committee of the board of directors of NYSE-listed Country Style Cooking Restaurant Chain Co., Ltd. (“Country Style Cooking”), a fast-growing quick service restaurant chain in China, in connection with its acquisition by a buyer group including the company’s co-founders Ms. Hong Li and Mr. Xingqiang Zhang. The merger agreement was announced on December 18, 2015. For further details, please click here.

Charles Russell Speechlys has acted for valued clients OLM Group Limited on the sale of Peppermint Technologies Limited to Peppermint Technology Holdings Limited, a newly formed company funded by leading venture capital firm, Scottish Equity Partners.

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