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M&A: Seller's Counsel

Nordic Capital divests Brink Group to H2 Equity Partners

02 Jul 2015

Nordic Capital Funds VI and VII have agreed to divest Brink Group B.V., a leading manufacturer of towbars, to H2 Equity Partners Fund IV. The transaction is subject to customary regulatory approvals.

Brink is one of the global market leaders in towing systems with approximately 600 employees in seven countries and five manufacturing locations in the Netherlands, France, UK and South Africa. Brink Group was established as the result of a spin-off of the towbar division from Thule Group in September 2014.

Clifford Chance advises Johnson Matthey plc on the sale of Alfa Aesar to Thermo Fisher Scientific Inc

30 Jun 2015

International law firm Clifford Chance is advising Johnson Matthey plc on the sale of its research chemicals business, Alfa Aesar, for GBP256 million, to Thermo Fisher Scientific Inc. The transaction is expected to be completed by the end of the calendar year, subject to satisfaction of certain pre-closing conditions.

P+P advised the insolvency administrator of OEKA Oehlhorn and CCO on the sale of its business units

30 Jun 2015

P+P Pöllath + Partners advised the insolvency administrator, Joachim Exner of law firm Beck & Partner, on the sale of the business units of OEKA Oehlhorn GmbH and CCO GmbH to GEKA GmbH. The purchase price was not disclosed.

The OEKA Oehlhorn GmbH & Co. KG, based in Bamberg, is an established provider of cosmetic plastic packaging, technical precision metal and plastic for the automotive industry and plastic components for medical device technology.

Gernandt & Danielsson advises Nordea in connection with the divestment of its merchant acquiring business to Nets

30 Jun 2015

Gernandt & Danielsson advises Nordea Bank AB (publ) in connection with the divestment of its merchant acquiring business to Nets Holding A/S for a purchase price of EUR 230 million.

The transaction is subject to customary regulatory approvals and is expected to close in the fourth quarter of 2015.

P+P advised Creathor Venture, KfW & GMPVC on the sale of Danato to Gruner + Jahr

29 Jun 2015

P+P Pöllath + Partners provided comprehensive advice to the investors Creathor Venture, KfW & GMPVC, as well as founder Dr. Jörg Überla, on the sale of Danato GmbH to publishing company Gruner + Jahr. The purchase price was not disclosed.

Dr. Jörg Überla founded Danato in 2011. Danato is one of the leading e-commerce suppliers for gift ideas in the German-speaking area.

P+P Pöllath + Partners advised on various legal aspects, including commercial, antitrust and tax law, with the following team in all locations:

P+P advised Equistone on the sale of Sunrise Medical

29 Jun 2015

Funds advised by Equistone Partners Europe sold their majority shareholding in Sunrise Medical Group to Nordic Capital Fund VII.
Equistone acquired a majority stake in Sunrise Medical by way of a secondary buyout in November 2012. The purchase price was not disclosed. The transaction is still subject to approval by the antitrust authorities.

Sunrise Medical is one of the world leaders in the development, production and distribution of manual wheelchairs, electric wheelchairs, electric cars and systems for seats and positioning.

Setterwalls assisted KF in connection with the sale of Akademibokhandeln

29 Jun 2015

Kooperativa Förbundet, KF, sells its stake of 65 percent in Akademibokhandeln AB to the investment fund Accent Equity 2012. The divestment is part of the streamlining process of the KF Group launched in 2013 in order to focus on its core business in the grocery trade. Akademibokhandeln AB operates the leading bookstore chain with 120 stores and online bookstore through its subsidiary Bokus AB. Akademibokhandeln and Bokus had a turnover of appriximately SEK 1.7 billion during 2014. The transaction is subject to review by relevant competition authorities.

Hannes Snellman counsel to Lemminkäinen in the sale of Swedish businesses

29 Jun 2015

Lemminkäinen has signed letters of intent regarding the sales of all outstanding shares in its Swedish subsidiary Rekab Entreprenad AB to Rekab’s current management as well as Rekab’s Malmö business to Swedish Wästbygg Group and Rekab’s Uppsala business to Norwegian Veidekke Group.

Richard Akerman and Nils Svantemark act as legal advisors to Lemminkäinen.