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M&A: Seller's Counsel

Hogan Lovells advises Newen in connection with its agreement with TF1

20 Nov 2015

Hogan Lovells assisted the shareholders of FLCP, the holding company of the Newen group, in connection with the signature of an agreement under which TF1 will acquire a 70% equity interest in FLCP. The existing shareholders, including the management team, retain a 30% equity interest.

Performance-related options, exercisable by both TF1 and the existing shareholders, are an integral part of this medium/long term partnership deal.

White & Case Advises on Sale of CGS Holding to Trelleborg

20 Nov 2015

Global law firm White & Case LLP, together with Czech investment banking boutique Genesia, has advised the owners of  CGS Holding – the Czech Republic-based rubber conglomerate with leading positions in agricultural and speciality tires as well as engineered polymer solutions – on its acquisition by Swedish industrial giant Trelleborg.

The total cash consideration amounts to approximately €1.16 billion (CZK 31.6 billion) on a cash and debt free basis.

Advising on Proposed Combination of ICAP’s Global Broking Business with Tullett Prebon

20 Nov 2015

International law firm Simmons & Simmons is advising Evercore Partners International LLP and J.P.Morgan Cazenove, as joint financial advisers and joint sponsors to ICAP plc and ICAP Newco, in connection with the proposed disposal of ICAP’s global hybrid voice broking and information business, including ICAP’s associated technology and broking platforms (including iSwap and Fusion) and certain of ICAP’s joint ventures and associates (together “IGBB”), to Tullet Prebon plc.

Mills & Reeve advises on technology tie-up to develop new solutions for Internet of Things

19 Nov 2015

We have advised on the sale of award winning research organisation Sentec.

Cambridge-based Sentec, which is well-known for developing sensor technology and electronics for utilities, meters and appliance manufacturers, has been acquired by a subsidiary of US-owned infrastructure company Sensus.

CMS advises Horizon Capital on the sale of Ciklum

18 Nov 2015

CMS Cameron McKenna in Kyiv is pleased to announce that it has advised Horizon Capital on the sale of its stake in Ciklum, an innovative global IT company headquartered in Ukraine.

George Soros’s Ukrainian Redevelopment Fund LP acquired the entire stake held by Horizon Capital and a portion of the stake from the current majority shareholder, Majgaard Limited. The transaction is subject to regulatory approval and is expected to close by the end of 2015.

DLA Piper advises on the 100 per cent disposal of shares in Eni Hungaria Zrt

18 Nov 2015

DLA Piper has advised Eni S.p.A. and Eni International BV (Eni) on the sale and purchase of 100 per cent of shares in Eni Hungaria Zrt., a subsidiary of Eni.

The subject of the transaction has been the downstream business of the Hungarian subsidiary, which operates 183 petrol stations in Hungary under the Agip and Eni brand names, including its franchise partners' fuel stations .

Dentons advises the shareholders of Essence on its sale to WPP plc

18 Nov 2015

London - Dentons has advised the shareholders of Essence, one of the fastest-growing media agencies and the largest independent buyer of online advertising, on its sale to WPP plc, the world's largest communications services group.

Essence manages more than US$700 million of media spend for clients, including Google, Hewlett-Packard, Viber and Tesco Mobile. Following WPP's acquisition of Essence, the company will remain independently focussed and operate within, and with access to the resources of, WPP's global media investment management unit, GroupM.

Bär & Karrer advises Valora on sale of Valora Trade to Aurelius

17 Nov 2015

Valora has signed an agreement to sell its trade division to Aurelius group, a German conglomerate which is specialized in the restructuring of companies. Valora Trade includes Valora's activities in the distribution of fast moving consumer goods in Switzerland, Germany, Austria, Denmark, Sweden, Norway and Finland. The transaction is subject to approval by the competent merger control authorities.

Slaughter and May is advising Cable & Wireless Communications - recommended acquisition by Liberty Global

16 Nov 2015

Slaughter and May is advising Cable & Wireless Communications Plc (CWC), on its recommended acquisition by Liberty Global plc.

Under the terms of the offer, which was announced on 16 November 2015, the consideration for CWC will include Liberty Global shares, LiLAC shares and a special dividend of 3 pence per CWC share. The acquisition, including the special dividend, represents a value for CWC's entire issued and to be issued share capital of approximately £3.60 billion.