Houthoff Buruma team included: Paul de Vries, Baukje Dreimüller, Margot Trienen, Bram Caudri, Joram van den Berg, Bouke Boersma, Maarten Sturm, Wieger Kop
On December 11, 2015 Allianz SE (DAX: ALV) completed the sale of Allianz Suisse Rückversicherungs-Gesellschaft AG to Glacier Reinsurance AG, a wholly owned Swiss subsidiary of Catalina Holdings (Bermuda) Ltd. The terms of the transaction have not been published.
Allianz Suisse Rückversicherungs-Gesellschaft AG is a Swiss regulated reinsurer. On June 30, 2015 – adjusted for pre-transaction dividends – Allianz Suisse Re had total assets of CHF 87 million, gross reserves of CHF 41 million, and shareholder equity of CHF 42 million.
Herbert Smith Freehills has advised IFM Investors (IFM) on its sale of Pacific Hydro to China’s State Power Investment Corporation (SPIC). The sale comes after a global competitive trade sale process.
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.
Sumitomo Corporation Group has through its Swedish subsidiary SC Motors Sweden AB acquired Citroën and DS in Sweden by buying Citroën Sweden AB.
Hannes Snellman advised PSA Peugeot Citroën throughout the transaction. The team included Claes Kjellberg and Caroline Wassdahl.
CMS has advised Decapterus S.à.r.l., a Luxembourg based private equity holding, on the EUR €175m sale of Hamé to Oslo-listed food group Orkla. Hamé is a leading branded food producer in the Czech Republic and Slovakia and produces some of the Czech Republic’s most iconic food brands including Hamé, Májka, Znojmia, and Otma. The agreement is subject to the approval of the relevant competition authorities.
The Swedish e-commerce company Scand. Design Online AB has been sold to NS Intressenter, Nordstjernan, Nicklas Storåkers and EOC Capital and Anders Brenner. The previous majority owner and MD, Jörgen Bödmar together with the management made a reinvestment in the business when the company was sold.
Kirkland advised funds advised by Gilde Buy Out Partners, Indigo Capital and Spandex management on the sale of Spandex Group to Chequers Capital. To read more about the deal, please click here.
Kirkland’s Munich-based team was led by corporate partner Dr. Christian Zuleger and included corporate partners Volker Kullmann and Nicole Schlatter, debt finance partners Dr. Markus Feil and Christine Kaniak, tax partner Dr. Roderic Pagel, and corporate associates Patrick Heinrichs and Maximilian Schröter as well as debt finance associate Dr. Alexander Längsfeld.
DLA Piper has advised the management team of Levine Leichtman Capital Partners' portfolio company, Mander Portman Woodward (MPW), one of the UK’s most prestigious and well-respected independent Sixth Form College groups, on its disposal to Kaplan International for an undisclosed amount. The deal is expected to close in early January.
NautaDutilh assisted Zenitel, a leading player in integrated security communications, with the sale of 100 percent of the shares in Zenitel Caribbean to the Curacao Growth Fund, the first private equity fund in Curacao.
On 30 November 2015 the sale of all of the shares of SAS AG, Hombrechtikon, to SIX Exchange listed Tecan Group AG (TECN) was successfully completed. SIAS AG is a leading OME supplier of a wide range of laboratory automation solutions.
Walder Wyss acted as legal advisor to the Majority Shareholders of SIAS AG. The team included Christoph Stäubli (Corporate/M&A, Partner), Martin Busenhart (Tax, Partner), Simon Kehl (Corporate/M&A, Managing Associate) and Valentin Wiesner (Corporate/M&A, Trainee).