Ashurst advised Serinus Energy Inc., on its agreement for the sale of all of the 70% of its shares in KUB-Gas Holdings Limited ("KHL"), which, in turn, wholly owns KUB-Gas LLC ("KUB-Gas"). KUB-Gas owns (directly and indirectly through its subsidiary, KUB-Gas Borova LLC) 100% of, and operates, the six licenses/permits in Ukraine which contain the Olgovskoye, Makeevskoye, Vergunskoye and Krutogorovskoye gas fields.

Serinus Energy is an international oil and gas exploration and production company dual listed on the Warsaw Stock Exchange and on the Toronto Stock Exchange.

Dr. Pär Johansson and Kristina Schneider advised the founding shareholders on the sale of Magellan Netzwerke GmbH to AUCTUS Capital Partners.
 
Magellan Netzwerke GmbH, established in 1992 and headquartered in Cologne, employs some 100 and operates in the field of consulting, planning, and implementing of IT projects, in particular with regard to IT networks. The company also provides other IT services in this context and for the operation of customers’ IT infrastructure.
 

Simpson Thacher is representing Apax Partners LLP on the disposal by funds advised by it of Rhiag-Inter Auto Parts Italia (“Rhiag”) to LKQ Corporation for an enterprise value of €1.04 billion. Rhiag is a leading pan-European business-to-business distributor of aftermarket spare parts for passenger cars and commercial vehicles with operations in Italy, Czech Republic, Switzerland, Hungary, Romania, Ukraine, Bulgaria, Slovakia, Poland and Spain.

Shearman & Sterling advised Deutsche Beteiligungs AG (DBAG) and funds managed by it in the sale of all shares in Spheros Group to French-listed automotive supplier Valeo. Closing of the transaction is subject to merger clearance.

Hogan Lovells advises E.D.F. International (EDF) on the sale of its majority stake in Hungary-based Budapesti Eromu Zrt. (BERT) to EP Hungary a.s., a subsidiary of Energy a.s., which therefore acquires more than 95% of the shares of BERT.

BERT owns three gas-fired cogeneration plants (combined heat & power), which meet almost 60% of the demand for heat in Budapest and generate approximately 3% of Hungarian electricity.

Element Materials Technology (“Element”), an operator of laboratories for materials testing and product qualification in the aerospace, defence and energy industries, has been sold to Bridgepoint by 3i Group (“3i”). Allen & Overy advised 3i, a leading international investment manager focused on mid-market private equity, infrastructure and debt management, on the proposed sale.

Travers Smith LLP has advised long standing client Equistone Partners Europe and all other selling shareholders on the sale of Audley Travel, a leading provider of tailor-made experiential travel, to 3i Group plc.

Since Equistone invested in March 2012 the revenue of Audley Travel has doubled to £165m in 2015 and is now the clear market leader in tailor-made experiential travel. The sale of Audley Travel is the third successful exit from Equistone's Fund IV.

Clifford Chance has advised Bank of China (Hong Kong) Limited on the sale of Nanyang Commercial Bank, Limited for HK$68 billion (approximately US$8.77 billion) to Cinda Financial.

The team was led by partner Cherry Chan who was supported by partner Virginia Lee, senior associate Shan Huang, and associates Ervin Chan, Grace Huang and Rae Guo.

Noerr has advised Holtzbrinck Ventures and Rocket Internet on the sale of the start-up Classmarkets (Berlin) to the Scout24 Group. The parties have agreed to keep the price of the purchase confidential.

Classmarkets is a leading supplier of software-as-a-service (SaaS) solutions for online classified marketplaces of publishing and media companies and runs around 70 online marketplaces (real estate, job vacancies and cars) – in particular for regional publishing companies. The meta-search engine “Immobilo” also belongs to Classmarkets.

Shearman & Sterling advised Eurobank Ergasias (Eurobank) on the sale of 80 percent of Eurolife ERB Insurance Group Holdings (Eurolife) to Fairfax Financial Holdings Limited (Fairfax), following a competitive bidding process. The transaction represents an important part of Eurobank’s restructuring plan and a significant step forward in executing its strategy to gradually exit non-banking operations.