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M&A: Seller's Counsel

DLA Piper advises Longway Trading on the sale of MountainPeak Trading

19 Aug 2015

DLA Piper has advised Longway Trading  on the sale of its Cyprus subsidiary MountainPeak Trading  to the German listed company Adler Real Estate AG, Frankfurt aM for approximately €285 million.

Mountain Peak, which formed part of the activities of the entrepreneur Teddy Sagi, holds 24.79 per cent in conwert Immobilien Invest SE, Vienna, one of the leading real estate companies in the German-speaking region with residential and commercial properties in Austria and Germany.

P+P advised management of Tank & Rast in sale to a consortium of the Munich financial group Allianz

18 Aug 2015

P+P Pöllath + Partners advised the managment of Tank & Rast GmbH in the course of the sale to a consortium of the Munich financial group Allianz SE. In addition to Allianz, the consortium also includes the Munich Re asset management subsidiary MEAG, sovereign wealth funds in Abu Dhabi, ADIA and Borealis.

The Tank & Rast group operates approximately 350 gas stations and rest stops, as well as 50 hotels. The former publicly owned enterprise is based in Bonn.

Delphi advisor to Couche-Tard Luxembourg S.A.R.L. in the sale of all the shares in Statoil Fuel & Retail Lubricants Sweden AB

18 Aug 2015

Delphi has assisted Couche-Tard Luxembourg S.A.R.L. in the sale of all the shares in Statoil Fuel & Retail Lubricants Sweden AB to Fuchs Petrolub SE. The agreed purchase price for the shares is SEK 690 million. Assumed net debt is expected to be around SEK 220 million.

Ashurst advises on the sale of photovoltaic service provider Solare Datensysteme GmbH to BKW

17 Aug 2015

Ashurst advised the shareholders of Solare Datensysteme GmbH (SDS) on the sale of SDS to BKW Group, headquartered in Bern/Switzerland. The parties have agreed not to disclose the amount of the transaction. The closing of the purchase is expected in September 2015. By taking over the leading manufacturer of monitoring systems for photovoltaic systems based in the southern German town of Geislingen Binsdorf, BKW has strengthened its position in the photovoltaic service business.

Schoenherr advises immigon on sale of VB Leasing (Austria) to BAWAG PSK Leasing

17 Aug 2015

Schoenherr advised immigon portfolioabbau ag ("immigon") on the sale of VB Leasing Finanzierungsgesellschaft m.b.H ("VB Leasing (Austria)") to BAWAG PSK Leasing GmbH. immigon had previously held its 100% stake in VB Leasing (Austria) via its subsidiary Unternehmensbeteiligungs Gesellschaft mit beschränkter Haftung. The relevant sale and purchase agreement was executed on 12 August 2015. The closing is anticipated for the fourth quarter of 2015, subject to customary conditions, including regulatory approvals.

Charles Russell Speechlys advises Iceni Capital and other selling shareholders on the sale of StockWell Communications

14 Aug 2015

Charles Russell Speechlys has advised Iceni Capital and other selling shareholders of StockWell Communications, the international strategic communications and reputation management firm, on its sale to Teneo Holdings.

Following its acquisitions of StockWell and Blue Rubicon, Teneo will be one of the largest strategic communications practices in the European market.

All members of StockWell’s senior management team, including Managing Partners Tim Burt, Philip Gawith and Richard Holloway, will continue as part of the Teneo leadership team.

Bridgepoint Development Capital sells Siblu

14 Aug 2015

Private equity partner, Helen Croke, has led a Travers Smith team in advising long-standing client Bridgepoint Development Capital on the sale of Siblu, the largest operator of holiday parks in France, to Stirling Square Capital Partners for an undisclosed sum.

Siblu owns and operates a portfolio of large, high-end holiday parks located in attractive tourist areas in France. The investment in Siblu was originally made by Hermes Private Equity but was managed by Bridgepoint Development Capital.

Shoosmiths advises shareholders on the sale of Permanent Health Company Limited

13 Aug 2015

Shoosmiths has advised the shareholders of Permanent Health Company Limited on the sale of the entire issued share capital of the company to AXA.

Shoosmiths' corporate partner Adam Dowdney led a team of corporate specialists, comprising solicitors Robert Pook and Catherine Wigmore. Additional specialist legal advice was also given by Tom Wilde (partner, tax), Paul Eccles (partner, commercial insurance) Jamie Chambers (solicitor, tax) Matthew Walker (partner, real estate), Marcus Devanny (senior associate, real estate) and Paula Rome (partner, employment).