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M&A: Seller's Counsel

Schoenherr advises VB-Leasing International on sale of Slovak leasing business to CSOB Leasing

13 Jul 2015

Schoenherr advised VB-Leasing International (VBLI), the joint venture between Österreichische Volksbanken-AG (ÖVAG) and Germany's VR-Leasing AG, on the sale of VB Leasing Slovakia to CSOB Leasing, a. s., a subsidiary of Belgium's KBC Group, and on the replacement of 100% of the shareholder funding at par (including accrued interest) by the KBC Group. The relevant agreement was executed on 1 July 2015. With the sale, ÖVAG and VR-Leasing have achieved another milestone in their strategic re-alignment to focus on their core business.

Shoosmiths advises shareholders on the sale of Pervasive Limited

10 Jul 2015

Shoosmiths has advised the shareholders of Pervasive Limited on its sale of the business to Capita plc, the largest business process outsourcing and professional services company in the UK.

Pervasive Ltd is an IT solutions provider specialising in enterprise wireless networks, mobility managed services and bring-your-own-device solutions. They have a large client base across a range of sectors including further and higher education, local government and the health service.

ACE Limited to acquire The Chubb Corporation

09 Jul 2015

ACE Limited (NYSE: ACE) and The Chubb Corporation (NYSE: CB) announced the entering into of a definitive agreement under which ACE will acquire Chubb. Together, ACE and Chubb will create a global leader in commercial and personal property and casualty (P&C) insurance, with enhanced growth and earning power and an exceptional balance of products as a result of greater diversification and a product mix with reduced exposure to the P&C industry pricing cycle.

ATS Automation Tooling Systems Inc. Completes Sale of ATS Wickel- und Montagetechnik AG

09 Jul 2015

ATS Automation Tooling Systems Inc., a Cambridge, Ontario based Canadian company listed on the Toronto Stock Exchange, has completed the sale of ATS Wickel- und Montagetechnik AG to Chinese Zheijian Juli Technology Co., Ltd. ATS Wickel- und Montagetechnik is one of the leading European suppliers of winding technology and process automation for electro motors.

Heuking Kühn Lüer Wojtek advises Equity Consulting on the sales of its shares in REGE Holding GmbH to Amtek

09 Jul 2015

A team led by Dr. Mathias Schröder, Partner at the commercial law firm Heuking Kühn Lüer Wojtek's Munich office, comprehensively advised holding company Equity Consulting GmbH on the sale of all shares in REGE Holding GmbH. The sale occurred as part of a bidding procedure, by which Amtek Global Technologies Pte. Ltd., an Indian manufacturer of special machinery for the automotive industry, acquired all shares in REGE Holding GmbH.

McCann FitzGerald advises Doughty Hanson on sale of TV3 to UPC/Liberty Global

09 Jul 2015

McCann FitzGerald are advising Doughty Hanson and TV3 management on the sale of the TV3 Group to UPC, a wholly-owned subsidiary of Liberty Global plc.

TV3 is Ireland’s leading commercial television broadcaster. TV3 operates two free-to-air channels in Ireland, TV3 and 3e. TV3 is the number one channel in Ireland after public broadcaster RTÉ1.

The deal remains subject to regulatory approval.

Freshfields advises Icicle Seafoods on its sale by Paine & Partners to Convergence Holdings and Dominion Catchers

09 Jul 2015

Freshfields Bruckhaus Deringer LLP has advised Icicle Seafoods on its sale by private equity firm Paine & Partners LLC to Convergence Holdings, Inc. and Dominion Catchers LLC.

International law firm Freshfields Bruckhaus Deringer LLP advised Icicle Holdings, Inc., one of the largest and most diversified seafood companies in North America and a portfolio company of firm client Paine & Partners, LLC, on its definitive agreement to sell Icicle to Convergence Holdings, Inc., a company controlled by the Indonesia-based Soetantyo family, and to Dominion Catchers, LLC.

VINGE ADVISES ON SALE OF SEMANTIX

09 Jul 2015

Vinge has advised Litorina and other owners on the sale of Semantix to Segulah. Semantix is the Nordic region’s largest provider of expert language and communications services and offers interpretation, translation, training and editorial services. The transaction is subject to the consent of the Swedish Competition Authority.

Vinge’s team consisted of partner Johan Winnerblad together with, among others, associates Joakim Rydergård, Charlotta Järnstedt and Johanna Winberg as well as paralegals Pernilla Warg and Josefine Malm.

August & Debouzy advised InfinitEye VR and its shareholders in connection with the acquisition of the company by Starbreeze AB, a Swedish listed group

07 Jul 2015

InfinitEye VR, a French company specialising in virtual reality technologies, whose high-resolution VR headset was revealed at E3 trade show in Las Vegas, was acquired by Starbreeze AB, a Sweden-based company listed on the Stockholm Stock Exchange and an independent creator, publisher and distributor of video games and entertainment products. This new collaboration heralds the development of a new generation of video games (the first worldwide cultural industry, overtaking the movie industry) and immersive applications.