DLA Piper represented Cloud Sherpas, a leader in cloud advisory and technology services, in its acquisition by Accenture, a global management consulting, technology services and outsourcing company.
Founded in 2007, Cloud Sherpas has grown from a start-up company to a global cloud advisory and technology services leader, providing cloud strategy, implementation and integration services to thousands of clients around the globe.
Norton Rose Fulbright is advising UK independent insurance broker Jelf Group plc (Jelf) on its recommended acquisition by a group company of global insurance broker and risk advisor Marsh & McLennan Companies Inc (Marsh).
Under the terms of the offer, shareholders in Jelf will receive 215p per share, valuing Jelf at approximately £258 million.
Jelf has 37 offices across the UK and provides expert advice to over 100,000 businesses and individuals on matters relating to insurance, healthcare, employee benefits and financial planning.
Norton Rose Fulbright has advised German financial services group Wustenrot & Wurttembergische AG (W&W) on the sale of its Czech subsidiaries to Allianz Group pojistovna, a.s. (Allianz).
The sale of the two subsidiaries – non-life insurer Wustenrot pojistovna and life insurer Wustenrot zivotni pojistovna – will be effective retroactively as of January 1, 2015. The transaction is still subject to competition clearance and the approval of the Czech National Bank.
PLMJ advised Dixons Carphone on the sale of Phone House Portugal to group of Portuguese investors. The deal was completed on 31 August.
Freshfields Bruckhaus Deringer has advised Tesco on the proposed sale of its Korean business, Homeplus, to a group of investors led by MBK Partners and including Canada Pension Plan Investment Board, Public Sector Pension Investment Board and Temasek Holdings
The proposed sale was finalised on 7 September following a competitive sale process. The transaction values Homeplus at an enterprise value of more than £4.2bn. Completion is expected in the fourth quarter of calendar 2015, pending shareholder and regulatory approvals.
Squire Patton Boggs (US) LLP represented Charlotte, NC-based Steritech Group Inc. in its recently announced US$425 million all-cash acquisition by UK public company Rentokil Initial plc. The deal is expected to close in the final quarter of 2015, subject to regulatory approval.
Herbert Smith Freehills has advised Australian private equity fund manager Allegro Funds on the sale of TSC Group to GDF Suez, a listed French multinational energy services company.
A Travers Smith team led by private equity partner James Renahan has advised all selling shareholders, including longstanding client Equistone Partners Europe, on the sale of Easynet, a European managed services provider, to cloud-computing group Interoute Communications Limited. The transaction, which is subject to limited customary closing conditions, values Easynet at £402 million.
DWF LLP advised the management team of Ideal Shopping Direct, a leading independent multi-channel retailer, on its acquisition by Blackstone, from Inflexion.
EMP Merchandising, headquartered in Lingen/Ems, is a German multi-channel retailer that has marketed rock and fan merchandise since 1986.
EMP operates throughout Europe and is represented in 17 countries, including Germany, France, Spain, Italy, Great Britain, Austria, Switzerland, the Netherlands and Scandinavia. In addition to an outstanding online shop, EMP operates four stores in Germany and Austria.