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M&A: Seller's Counsel

Burges Salmon advises Kaisen Consulting on sale to Deloitte

29 Sep 2015

Burges Salmon has advised Kaisen Consulting on the sale of its business to Deloitte.  Kaisen was established in 1991 and rapidly became a pre-eminent leadership consulting practice with operations in the UK and US.

Kaisen’s executive leadership took the strategic decision to sell to Deloitte to enable the further globalisation of the business and development of a global leadership consulting practice. Deloitte had worked with Kaisen for the past five years in the UK and internationally. 

Generali completes the divestment of BSI SA to BTG Pactual

28 Sep 2015

Assicurazioni Generali S.p.A. announced that it completed the divestiture of its participation in BSI SA to Banco BTG Pactual SA. In line with the agreement executed on July 14, 2014, the final consideration for the sale is CHF 1,248 million, of which approx. CHF 1 billion in cash and the remaining portion in BTG Units listed on the Sao Paulo Stock Exchange.

VP Exploitatie announces mandatory public offer on all outstanding shares in Batenburg Techniek

25 Sep 2015

De Brauw Blackstone Westbroek has advised VP Exploitatie N.V on enlarging its stake in the share capital of Batenburg Techniek N.V. by acquiring the shares of one of the other current large shareholders.

VPE has announced that it does not foresee any consequences for the strategy, composition of supervisory and management board, employees and customers of Batenburg Techniek as a result of the offer.

Clifford Chance advises Cinven on the sale of Guardian Financial Services to Admin Reinsurance

24 Sep 2015

Clifford Chance has advised Cinven, a leading European private equity firm, on the sale of Guardian Financial Services ('Guardian'), a UK life insurance consolidation business, to  Admin Reinsurance ('Admin Re') with an enterprise value of £1,610 million. Admin Re is the closed life business owned by Swiss Re.

Victoria PLC acquires Interfloor Group Limited for £65m

23 Sep 2015

A Travers Smith team led by corporate partner Will Yates has advised Milestone Capital, Hutton Collins and Management on the sale of Interfloor Group Limited, the UK market-leading manufacturer of carpet underlay and related accessories, to Victoria PLC, the UK based manufacturer, supplier and distributor of design-led flooring, for a total enterprise value of £65m. 

The Travers Smith team also included corporate partner Anthony Foster, corporate associate Tom Hartwright, tax partner Simon Skinner and tax associate Silvana Van der Velde.

DLA Piper advises Baloise on the sale of the life insurance portfolio of the German branch of Basler Leben AG

23 Sep 2015

DLA Piper has advised Swiss Baloise Group on the sale of Basler Leben AG's life insurance portfolio to Frankfurter Leben Group. Basler Leben AG has not written any new insurance business via this branch since 2012. The sold portfolio has a sum insured of CHF 1.9 billion, which represents around one fifth of Baloise’s total portfolio of traditional life insurance in Germany.

Technicolor acquires visual effects leader in advertising The Mill for £190m

22 Sep 2015

Travers Smith LLP has advised the selling shareholders, including majority shareholder Equistone Partners, on the sale of the Mill to Technicolor, for a total value of £190 million.

Founded in 1990, the Mill is the world’s largest visual effects and content creation studio for the advertising industry. The company is headquartered in London and has operations in New York, Los Angeles and Chicago. Its recent advertising work includes award-winning commercials for Audi, SSE and DirecTV.