Stibbe advises Hay Group, specialised in people strategy and organisational performance on the USD 452 million acquisition by Korn/Ferry, a leading global people and organisational advisory firm.
Key Contacts:
* Maarten de Bruin
* Johan Vrolijk
* IJsbrand van Straten
Travers Smith has advised the management team of LGC ("Management") on the sale of LGC to, and new shareholder arrangements with, KKR.
The Travers Smith team advising Management on the transaction was led by Senior Partner Chris Hale alongside Corporate Partner Adam Orr. They were assisted by senior private equity associate Jeremy Dennison and private equity associates Adam Martin and Adrian Duncan. Tax partner Simon Skinner provided tax advice to Management.
Ashurst is advising London-listed outsourcing company Xchanging plc on the takeover offer by Computer Sciences Corporation (CSC), a New York-listed provider of information technology services and solutions.
Norton Rose Fulbright represented MRV Communications, Inc., a global provider of packet and optical networking solutions, in its sale of Tecnonet S.p.A, its Network Integration subsidiary based in Rome, Italy, to Maticmind S.p.A. based in Milan, Italy, for a total consideration of €19.7 million or approximately US$21.5 million.
The sale of the Network Integration business will enable MRV Communications to focus all of its energy on becoming an end-to-end packet and optical networking solutions provider.
Daily Mail and General Trust will retain a 30% holding in newly formed online voucher business
Leading City law firm RPC has advised the Daily Mail and General Trust (DMGT) on the sale of Wowcher to a newly formed online voucher business, to be controlled by private equity group, Exponent. Exponent was advised by Allen & Overy.
The sale of Wowcher – which achieved its first full year of operating profits this year and generated £30m in revenue – will see it join the UK and Ireland arm of LivingSocial, another online voucher business.
Schoenherr advised the Slovenian Sovereign Holding, d.d. ("SDH") on the privatization of one of Southeastern Europe's leading hygienic tissues manufacturers, Slovenia-based Paloma, d.d. ("Paloma"). The transaction, which was announced on 27 November 2015, is being performed by means of a share capital increase by third-party investor Abris Capital Partners ("Abris").
Schoenherr advised the Slovenian Sovereign Holding, d.d. ("SDH") and Aerodrom Ljubljana, d.o.o. ("Aerodrom") on the sale of their combined 100 % equity stake in / privatization of aircraft maintenance company Adria Airways Tehnika d.d. ("AAT") to Poland-based Linetech Holding, S.A. ("Linetech").
Private equity funds managed by Blackstone and KIRKBI A/S have entered into binding agreements regarding the acquisition of Armacell from Charterhouse.
Armacell, a global manufacturer of flexible foam products for equipment insulation and technical applications, has over 2,600 employees worldwide and operates
across 23 manufacturing plants in 16 countries and 4 continents.
Travers Smith LLP has advised Bridgepoint Development Capital and management shareholders on the sale of Quotient Clinical (“Quotient”), a provider of outsourced, early-stage drug development services to the global pharmaceutical industry, to GHO Capital (“GHO”) for an undisclosed sum.
Headquartered in Nottingham and employing over 280 professionals, Quotient enables pharmaceutical and biotechnology customers to improve research and development productivity, achieve significant cost savings and bring drug products to market faster.
Travers Smith LLP has acted for founders of Aviate Global LLP, a global institutional equity brokerage, on its sale to Northern Trust.
Established in 2007 by Guy Gibson and Gary Paulin, Aviate is an institutional-focused equity brokerage firm offering market research, trading and execution services with licenses in multiple global jurisdictions. The firm serves clients internationally from offices across three continents including London, New York, Hong Kong and Sydney.