Resource

 

 

 

 

 

 

 

 

 

 

 

M&A: Seller's Counsel

DLA Piper represents Commonwealth Laboratories in sale to Valeant Pharmaceuticals International

01 Sep 2015

DLA Piper advised Commonwealth Laboratories in the sale of its US and Canada diagnostic testing services business to Valeant Pharmaceuticals International.

Commonwealth Laboratories is an independent organization offering tests to diagnose gastrointestinal disorders. Its breakthrough blood test, IBSchek™, is designed to help physicians quickly and reliably diagnose irritable bowel syndrome, which affects nearly 40 million Americans and an estimated 5 million Canadians.

DLA Piper represents cloud computing company Kerensen in combination with salesforce.com

01 Sep 2015

DLA Piper represented Kerensen Consulting, a leading cloud computing solutions firm, in its acquisition by salesforce.com France SAS, a subsidiary of salesforce.com, Inc. (NASDAQ: CRM).

Kerensen, founded by Michel Assouline and Alain Attias, provides business consulting, cloud solution management and digital customer experience services to European companies from its operations in France, Israel, Italy and Morocco. Salesforce.com said in a statement that Kerensen’s product offerings are now available on the salesforce Customer Success Platform.

DLA Piper represents Docea Power SAS in acquisition by Intel

01 Sep 2015

DLA Piper represented Docea Power SAS, a leading provider of virtual prototyping solutions, in its acquisition by Intel Corp., an American multinational technology company and the world's largest semiconductor manufacturer.

In a statement, Intel said the acquisition of Docea Power will elevate its expertise and service offerings in modeling and optimizing the thermal behavior and power consumption of electronic systems.

Royal Bank of Canada sells its Swiss private banking operations

01 Sep 2015

In a share sale completed on 28 August 2015, Royal Bank of Canada, Canada’s biggest bank by assets and the world’s fifth-largest wealth manager at the end of 2014, sold its Swiss subsidiary Royal Bank of Canada (Suisse) SA to Swiss based Banque SYZ SA. Royal Bank of Canada (Suisse) SA has assets under management of about CHF 10 billion.

Pestalozzi advised Royal Bank of Canada on all legal aspects of the transaction.

Munters divests Keruilai in China to Symphony

27 Aug 2015

Munters AB has entered into an agreement to divest Munters Keruilai Air Treatment Equipments (Guangdong) Co., Ltd. in China to Symphony Limited of India. The divestment is part of a strategic business restructuring being undertaken by Munters.

Symphony Limited, headquartered in Ahmedabad, India, is focused on evaporative air coolers with design-driven innovation and green engineering for domestic and industrial customers in over 60 countries. The company’s share is traded on the Bombay, National and Ahmedabad Stock Exchanges in India.

NautaDutilh advises NPM Capital on the sale of the shares in VSI

27 Aug 2015

NautaDutilh advises NPM Capital N.V. and the other shareholders in respect of the sale of the shares in VSI, producer of functional nutrition bars.

The purchaser is Hearthside Group Holdings LLC, one of the largest independent bakeries in the US and a full service contract manufacturer of high quality, grain based food and snack products for some of the world's leading brands.

P+P advised on sale of RTS Elektronik Systeme to Media-Saturn-Holding

26 Aug 2015

P+P Pöllath + Partners advised the founders and managing shareholders of RTS Elektronik Systeme GmbH on the sale of its participation to Media-Saturn-Holding GmbH. The Berlin financial investor capiton also sold its participation at the same time. Media-Saturn-Holding is acquiring 90% of the RTS Group.

The conclusion of the transaction is subject to the approval of the antitrust authorities. The purchase price remains confidential.

P+P advised the majority shareholders of RTS in 2009 in the course of capiton's initial participation.