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M&A: Seller's Counsel

Slaughter and May advised Diageo - sale of shares in D&G and GAPL to Heineken and related acquisition of shares in GGBL

09 Oct 2015

Slaughter and May advised Diageo in relation to the sale of its interests in Desnoes & Geddes and in Guinness Anchor Berhad to Heineken and also on its related acquisition of additional shares in Guinness Ghana Breweries. Diageo's net cash consideration receivable for the transaction is $780.5 million (approximately £515 million).

Diageo's completed transaction with Heineken brings increased focus to their respective beer businesses in Jamaica, Malaysia, Singapore and Ghana. The transaction comprises:

SAS: Sale of Blue1 to Cityjet

08 Oct 2015

We represented SAS in the sale of its subsidiary Blue1 to Cityjet as part of a larger collaboration in which SAS will begin collaboration with Cityjet in regional jet services.

The Castrén & Snellman team was headed by Partner Carola Lindholm from our M&A service and included Counsel Tomi Kemppainen (Employment), Senior Associate Katja Lehtonen (International Construction & Projects) and Associate Silvaliisa Virri (M&A), among others.

P+P advises the management on the sale of Motor-TALK GmbH to mobile.de GmbH

08 Oct 2015

mobile.de GmbH, a company in the eBay Classifieds Group, acquired MOTOR-TALK GmbH, Europe's largest car community. The eBay Classifieds Group is a global leader in the digital classified advertisement business and offers customized classified pages for local markets.

MOTOR-TALK has more than 2.5 million registered users and is thus the largest European car and engine platform on the Internet. The users can find out all about vehicle topics and exchange information and ideas in blogs and forums.

KWM advises CHAMP on sale of Alleasing

08 Oct 2015

King & Wood Mallesons (KWM) advised funds advised by CHAMP Private Equity on the sale of its Alleasing business to private investment firm, Monash Private Capital.

The funds advised by CHAMP originally acquired Alleasing from Allco Finance Group in 2008.

The KWM team was led by partners Mark McNamara and Mike Barker, together with senior associate Matthew Coull. The debt financing aspects of the deal were led by partner Yuen Yee Cho, consultant Chris Robertson and senior associate Jana Hitchcock.

NCTM seller counsel in Toray acquisition of Delta Tech

07 Oct 2015

NCTM represented the sellers in the sale of a 55% stake in Delta Tech S.p.A. to Toray Industries, Inc.

Delta Tech, founded in 1999, develops and produces, also through its subsidiary Delta Preg, pre-preg products based on carbon fiber for automotive and other industrial sectors.

The buyer, Toray, a Japanese company listed on the Tokyo Stock Exchange, is worldwide leader in the fields of organic synthetic chemistry, polymer chemistry and biochemistry, and the world's largest supplier in the carbon fiber composites industry.

King & Wood Mallesons advises Intermediate Capital Group on the sale of Quorn Foods to Monde Nissin

06 Oct 2015

King & Wood Mallesons has advised asset manager Intermediate Capital Group plc (ICG) on the sale of its interest, together with Exponent Private Equity, in Quorn Foods to Philippines-based Monde Nissin for £550 million.

Quorn is an international meat alternatives business with a market leading position in 15 countries. It has around 620 employees in three UK sites, in Germany, and in the United States.

Mills & Reeve advises 99p Stores on its sale to Poundland

06 Oct 2015

We have advised the shareholders of 99p Stores on its £55 million sale to Poundland

Poundland, Europe's leading single price general merchandise retailer, has acquired 99p Stores' network of 251 shops, which served more than two million customers a week, as well as its warehouse and distribution centre. As a result of the sale, Poundland now operates over 800 stores, serving around seven million customers every week generating turnover approaching £1.5 billion.

Taylor Wessing advises Caledonia and Gasfin on sale of stake in TGE Marine

06 Oct 2015

A cross border team of lawyers from international law firm Taylor Wessing has advised Caledonia Investments plc and Gasfin Investment SA on the sale of their majority stake in TGE Marine AG, the leading Engineering, Procurement and Construction Supervision solution provider to the cryogenic gas markets, to MES Germany Beteiligungs GmbH, a wholly owned subsidiary of Mitsui Engineering & Shipbuilding Co.