White & Case LLP has advised the F.A. Neuman Group on the sale of its subsidiary Julius Montz GmbH to Pfaudler Group, a portfolio company of Deutsche Beteiligungs AG. This transaction is subject to antitrust clearance.
Lomond Invest AB has divested Lomond Industrier AB with subsidiaries to Volati Parts AB.
Lomond Industrier is a group of companies in the Nordic hardware sector with its roots in Thomée-Hörle AB from 1928. The Lomond group includes, among others, Habo Gruppen AB. Lomond Industrier’s revenue amounted to SEK 1.05 billion in 2014.
Deutsche Telekom has concluded an agreement with Ströer SE for the sale of the online platform t-online.de and the digital marketing company InteractiveMedia CCSP GmbH. The transaction will take the form of a capital increase of Ströer in return for the non-cash contribution of the two companies.
24 August 2015 - Hogan Lovells has advised Inflexion Private Equity and Management ("Inflexion"), a leading independent private equity house on the sale of its investment in Rhead Group ("Rhead"), a technical professional services consultancy, to Costain Group PLC ("Costain"), one of the UK’s leading engineering solutions providers, for a total cash consideration of £36 million on a debt and cash free basis.
Slaughter and May is advising GlaxoSmithKline plc (GSK) on the divestment to Novartis of its rights in ofatumumab for auto-immune indications, including multiple sclerosis, for up to US$1 billion. Novartis will pay US$300 million on closing, with further payments of up to US$734 million on the achievement of certain milestones and royalties of up to 12% on future sales. The transaction is expected to complete by the end of 2015.
Deutsche Telekom AG has entered into an agreement on the sale of the online platform t-online.de and the digital marketer InteractiveMedia CCSP to Ströer SE. The transaction is to be carried out by way of a capital increase of Ströer against in-kind contributions of the two entities.
King & Wood Mallesons is advising Asciano Limited (Asciano) on its A$8.9bn sale to Brookfield Infrastructure Partners L.P. (Brookfield) by way of a scheme of arrangement.
Asciano is one of Australia’s largest logistics firms, incorporating Patrick Stevedoring, Pacific National and National Rail, as well as a number of other transport and supply-chain operations.
Trowers & Hamlins is pleased to have advised international private equity firm C&C Alpha Group on the sale of Alpha Hospitals to Cygnet Health Care, one of the UK largest independent providers of mental health and social care pathways.
Palamon Capital Partners and Corsair Capital have signed an agreement to jointly acquire control of Currencies Direct - a leading specialist provider of foreign exchange
Kuoni Group has sold its travel activities in India and its tour operator in Hong Kong to Thomas Cook (India) Ltd, a company active in the travel industry and listed on the national stock exchange of India in Mumbai. Thomas Cook India is majority-owned by Fairfax Financial Holdings Ltd, a company listed on the Toronto Stock Ex-change. In 2014, Kuoni's travel activities in India and its tour operator in Hong Kong generated a turnover of CHF 284 million. All of the existing approximately 1,800 employees in India and Hong Kong are being transferred to Thomas Cook India.