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M&A: Seller's Counsel

Herbert Smith Freehills advises on £844m sale of Financial Times

27 Jul 2015

Herbert Smith Freehills advised on the UK real estate aspects of the sale for Pearson who has owned the FT Group for almost 60 years.

The team advising was led by real estate partner Alice Dockar, assisted by associate Chris Robinson.

Commenting on the transaction, Alice Dockar said: "This is a significant transaction for our client Pearson. As a key player in the developing education sector, Pearson will now be fully focusing on its global education strategy."

Darrois Villey Maillot Brochier advises Mr. Roger Zannier on the divestment of IKKS Group

27 Jul 2015

Darrois Villey Maillot Brochier advised Mr. Roger Zannier on the divestment of IKKS, one of the leading

French ready-to-wear brands.

LBO France became the majority shareholder and Mr. Roger Zannier retained about 30% of the company’s capital. Furthermore, Silverfern, a fund specialized in co-investment, entered the capital structure of IKKS as a minority shareholder.

Austria: Schoenherr advised DPx Fine Chemicals on the sale of its ES and IM divisions to Ardian France SA

27 Jul 2015

Schoenherr advised DPx Fine Chemicals Austria, a subsidiary of DPx Holdings BV (www.dpxholdings.com) on the sale of the business divisions Exclusive Synthesis (ES) and Maleic Anhydride Intermediates & Specialties (IM), based in Linz, Austria to the investment firm Ardian France SA, an independent investment company. The transaction was signed on 21 July 2015 and the completion is subject to approval by the antitrust authorities.

McCann FitzGerald advises on disposal of Powervation Limited to ROHM Company Limited

27 Jul 2015

McCann FitzGerald advised the principal shareholders of Powervation Limited on the sale of the company to ROHM Company Limited for approximately US$70 million in an all-cash transaction.

Powervation is a fabless semiconductor company headquartered in Cork, Ireland with facilities in San Jose, Taipei, Shenzhen, and Beijing. It is a leading innovator in digital power controllers serving high-performance computing, cloud and communications infrastructure markets.

DLA Piper advises William Beckett Plastics on acquisition by MOCAP

24 Jul 2015

DLA Piper has advised the shareholders of Sheffield-based William Beckett Plastics Limited on the acquisition of 100% of its share capital by MOCAP Limited, the UK subsidiary of Missouri-based MOCAP LLC.

William Beckett Plastics, located at Tinsley Industrial Estate in Sheffield, is one of the world's leading manufacturers of specialised plastic packaging for the world's cutting tool industry. It is also exceptional in providing Technical Moulding Services in Blow Moulding, Injection Moulding and Vacuum Forming.

Milbank Advises on Sale of Naturwohl Pharma to Perrigo

24 Jul 2015

Milbank represented the owners of Naturwohl Pharma GmbH on the sale of all shares to Perrigo, one of the world’s largest manufacturers of OTC-pharmaceutical products, headquartered in Ireland.

The product portfolio of Naturwohl includes Yokebe, the second largest dietary supplement brand in Germany which offers meal replacement products, e.g.  in a shake or liquid form.

The transaction is still subject to approval by the cartel authorities. The transaction volume is confidential.

Gestamp to Sell 80% of Solar Renewable Energy Business

23 Jul 2015

Simpson Thacher is representing Gestamp in connection with the sale of 80% of its solar renewable energy business, Gestamp Asetym Solar, S.L. (“Gestamp Solar”), to funds advised by Kohlberg Kravis Roberts & Co. L.P. Gestamp’s solar renewable energy business is present in 18 countries, and has approximately 300 MW of PV projects in operation or in construction, and 2.2 GW of PV projects under development. The transaction values Gestamp Solar at a total enterprise value of approximately $1 billion.

Baker & McKenzie advises on sale of stake in Rozetka

23 Jul 2015

Baker & McKenzie has acted as the legal advisor to the owners of the Rozetka business, a market leader in the Ukrainian e-commerce industry, in connection with the sale of a stake to Horizon Capital.

Rozetka is one of the most recognized Ukrainian online retailers. Vladyslav Chechotkin, CEO and Founder of Rozetka, said: "Thank you for the job well done. It took hard work and commitment to achieve this result. I was surprised that, in addition to delivering high-quality work, an international law firm was ready to work seven days a week and virtually 24 hours a day."

Consortium led by Gilde Buy Out Partners makes recommended cash offer for Royal TenCate

23 Jul 2015

De Brauw Blackstone Westbroek has advised Royal TenCate on reaching a conditional agreement on a full public offer of EUR 24.60 in cash per ordinary share of TenCate.

The combination of the Offeror and TenCate will help the TenCate group realise its business strategy, allowing it to improve and invest in the existing five market groups (Protective Fabrics, Advanced Composites, Advanced Armour, Geosynthetics and Grass) and, as part of an effective buy & build strategy, to strengthen these market groups further through acquisitions.