Sale of leading provider for digital large-scale branding solutions // American supplier Moss Inc. gains access to European market
Stuttgart – German law firm Luther has advised Marx+Moschner GmbH, leading provider for digital large-scale branding solutions, on the merger with American supplier Moss Inc. Together they form the worldwide market leader in the industry.
Waterland Private Equity has agreed to sell its stake in SENIOcare, a leading Swiss nursing home operator, to Swiss Prime Site, which is already active in the assisted living segment with its subsidiary Tertianum. The transaction is subject to merger control approval.
Bär & Karrer acts as legal advisor to Waterland Private Equity in this transaction. The Bär & Karrer team includes Christoph Neeracher, Luca Jagmetti, Philippe Seiler and Beda Kaufmann (all M&A) as well as Till Spillmann (Finance), Daniel Bader (Tax) and Mani Reinert (Competition).
P+P Pöllath + Partners advised the Munich-based industrial group ADCURAM Group AG on the sale of its stake in IMA Klessmann Group (IMA) to Schelling Anlagenbau. IMA is a technology leader for production lines in the wood industry.
Schelling is a longtime supplier and partner of IMA in the development of complete systems for the furniture industry. ADCURAM acquired the IMA Group in 2005 from the HOMAG Woodworking systems GmbH and expanded into a full-service provider for solutions in the chipboard processing.
The purchase price was not disclosed.
PLMJ is the law firm responsible for advising Barclays on the sale of its Portuguese operation to the Spanish bank Bankinter. The deal was led by Hugo Rosa Ferreira, the partner who heads PLMJ’s banking and finance practice and the firm’s UK Desk. He worked with a multidisciplinary team of more than 30 PLMJ lawyers from practice areas including banking and finance, corporate and M&A, employment law, litigation, tax, regulatory and competition, TMT and real estate.
DWF has advised the shareholders of UK-based Lab M Holdings on its sale to international food safety company Neogen Corporation.
The DWF team, led by corporate partner Jonathan Robinson with support from Mel Kay, advised Lab M Holdings and the founder - Colin Goodwille, Maven Capital Partners and Albion Ventures on the significant acquisition.
Shoosmiths advised the sellers on the disposal of Global Group (UK) Ltd, a global healthcare business, to Impellam Group plc for an enterprise value of c.£37m.
Justyn Randall, previously the CEO of Global Group, remains in the business and will become responsible for leading the business in Australasia. Ronan Corrigan, another key member of the management team, will also remain in the business and will be responsible for leading the business in Ireland.
P+P Pöllath + Partners advised the shareholders on the sale of MAG Group to the Fair Friend Group (Taiwan). The transaction is subject to approval by the antitrust authorities, expected in the fourth quarter 2015. The purchase price was not disclosed.
The mechanical engineering manufacturer MAG, headquartered in Germany (Eislingen/Fils, Baden-Wuerttemberg) and the USA, with subsidiaries in Hungary, China and India, recently achieved an annual turnover of more than EUR 450 million and employs over 1,500 people worldwide.
Schoenherr advised immigon portfolioabbau ag ("immigon") (formerly ÖVAG – Österreichische Volksbank AG) on the sale of its 100% shareholding in VB Factoring Bank AG, including the subsidiary Eurincasso GmbH, to Germany's A.B.S. Global Factoring AG. Following the signing of an acquisition agreement on 28 August 2015, the transaction is expected to be concluded in the fourth quarter of 2015, subject to the approval of the authorities responsible and adherence to the contractual agreements. The parties agreed not to disclose the financial terms of the transaction.
A team from the Hong Kong, New York, Washington D.C. and London offices of Debevoise & Plimpton LLP has advised AXA in the sale by AXA of its Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) business in Hong Kong to Principal Financial Group (The Principal).
Debevoise also advised AXA on a related 15-year exclusive distribution arrangement with The Principal in Hong Kong for relevant MPF and ORSO mandatory schemes. The total cash consideration amounted to HK$ 2.6 billion (€296 million).
Slaughter and May is advising The Innovation Group PLC (TIG) on its proposed acquisition by Axios Bidco Limited (Bidco), an entity controlled by funds managed by the Carlyle Group. The recommended offer was announced on 28 August 2015 and values TIG at approximately £499 million. Under the terms of the offer, TIG shareholders will be entitled to receive 40 pence in cash for each TIG share held.