Linklaters has advised on the sale of the payments business of Great Indian (GI) Retail Group to Wirecard AG, the German payments company. Founded in 2006, GI Retail Group is one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups.
Roschier represented Cybercom Group AB (publ) and its Board of Directors in relation to the public offer from Viltor AB, a company jointly owned by JCE Group AB and Tequity AB. Cybercom is listed on Nasdaq Stockholm and the offer values Cybercom at SEK 541 million.
J.P. Morgan has sold the Library Solutions business to funds advised by the private equity company One Equity Partners (“OEP”). The transaction is related to the sale of the Library Solutions business by 3M. The acquirer in this transaction is also OEP.
King & Wood Mallesons have advised private equity firm Inflexion on its carve-out of the Engineering Inspection & Consultancy division of Royal & Sun Alliance Insurance Plc. Going forward, the business will trade as British Engineering Services in the UK and Irish Engineering Services in the Republic of Ireland.
Baker & McKenzie recently acted as the regulatory counsel advising AXA in the disposal of its pension business in Hong Kong and the regulatory approval process. AXA and Principal Financial Group (Principal) entered into an agreement for the sale of AXA's Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) businesses in Hong Kong. AXA and Principal also entered into a 15-year exclusive distribution agreement under which AXA will distribute the MPF and ORSO schemes through AXA's proprietary networks in Hong Kong.
KBL European Private Bankers, a leading Luxembourg private bank, has completed the sale of its Swiss subsidiary KBL Switzerland, with its main office in Geneva and branches in Zurich and Lugano, to BIL - Banque Internationale à Luxembourg (Suisse).
Schellenberg Wittmer acted as legal counsel to the seller. The Schellenberg Wittmer team consisted of partner Jean Jacques Ah Choon (overall lead, corporate/M&A), senior associates Philippe Nicod and Pascal Hubli (both Corporate/M&A) and associate Grégoire Tribolet (banking regulatory).
Olswang’s corporate practice has advised the Iliffe family and related trust on the sale of their combined 21% interest in UK regional news publisher Local World Holdings to Trinity Mirror plc.
Delphi advised Northzone in the sale of shares in Avito, the leading online classifieds platform in Russia, to Naspers Ltd, a South African global internet and media company and the owner of Africa's largest pay-TV service.
The other sellers were Investment AB Kinnevik (publ), Accel Partners, Baring Vostok Capital Partners, and the founders, Filip Engelbert and Jonas Nordlander. The total cash consideration was USD 1.2 billion. Avito values the transaction at USD 2.7 billion, making it one of the largest deals in the European tech sector financed by venture capital.
The Körber AG has sold Winkler + Dünnebier GmbH (W+D), a recognized leader in integrated mail, folded tissue and hygiene system solutions, to Barry-Wehmiller Companies, Inc. The purchase price was not disclosed. The transaction still requires the approval of the relevant antitrust authorities.
Noerr has advised the State of Saxony on the sale of its shares in the Dresden semiconductor company Zentrum Mikroelektronik Dresden AG (ZMDI). The purchaser is the U.S. technology group Integrated Device Technology (IDT) which takes over the shares of all shareholders and thus the entire company. The purchase price is US$ 310m. The final closing of the sale will take place by the end of this year.