Valora has completed the sale of Valora Warenlogistik AG to 7Days Media Services GmbH. Valora Warenlogistik includes Valora's activities in the warehouse and transport logistics in the German and Italian speaking part of Switzerland.
Ashurst is advising Rothschild in relation to the £112 million takeover of Thorntons PLC by Ferholding UK Ltd, a wholly owned indirect subsidiary of Ferrero International S.A., announced today.
Established by Joseph William Thornton in 1911, Thorntons is an established and historic chocolate brand in the UK. Ferrero is the holding company of the Ferrero Group which is a producer of foodstuffs, active in the manufacturing and sale of confectionery and other sweet products.
Rothschild is acting as financial adviser to Ferrero in relation to the transaction.
Charles Russell Speechlys has recently acted as legal adviser to the sellers of Rougnon Group in relation to the Group’s secondary buyout by Edmond de Rothschild Investment Partners and BpiFrance, on the basis of a corporate value between 70M and 80M€.
Edmond de Rothschild Investment Partners and BpiFrance acquire a minority stake in the Group, alongside the Rougnon family and its principal managers, allowing the exit of Fondation Capital LBO Partners funds.
De Brauw Blackstone Westbroek has advised Joop van den Ende on the sale of a 60% stake in Stage Entertainment to private equity firm CVC Capital Partners.
Joop van den Ende, president and founder of Stage Entertainment, will remain involved in the company, both as a shareholder and as Co-Chairman of the Supervisory Board. In that capacity he will remain involved in the programming of musicals, the development of new titles, and the strategy of the business.
The founders, LK Finans AB and minority shareholders have entered into an agreement to divest Teknikmagasinet (Teknikintressenter i Norden AB) to Segulah V L.P.
Slaughter and May is advising Colt Group S.A. (Colt) on a takeover offer by an entity owned by FMR LLC and FIL Limited (Fidelity). Fidelity owns 62.4% of Colt's issued share capital, and is seeking to acquire the shares in Colt not currently owned by it.
Under the terms of the offer, Colt shareholders will be entitled to receive 190 pence in cash for each Colt share held. The cash offer values the entire issued share capital of Colt at approximately £1,720.3 million.
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Dentons has advised Denver based private equity firm KSL Capital Partners, LLC, on its disposal of the Malmaison and Hotel du Vin hotel group to Frasers Hospitality UK Holdings Limited. The Malmaison and Hotel du Vin hotel group consists of 29 lifestyle and boutique hotels in prime locations throughout the UK. The transaction completed earlier today.
Clifford Chance advised METRO GROUP on the sale of GALERIA Kaufhof to Hudson's Bay Company.
The volume of the transaction amounts to EUR 2.825 billion including several liabilities. The transaction was approved by the supervisory board of METRO AG and closing is scheduled for the end of September 2015.
Clifford Chance is advising Citi on the sale of its consumer banking business in Egypt.
Citi entered into an agreement with Commercial International Bank (CIB) on 9 June 2015 and, subject to receiving regulatory approvals, the transaction is expected to close later in the year.
The transaction will entail the transfer of approximately 900 full time consumer banking and contract employees, eight Citi branches and the ATM network in Egypt to CIB.
King & Wood Mallesons advised the management of Cerelia on its secondary LBO with IK Investment Partners.
Cerelia is a French company specialised in the ready bake chilled dough business. Located in 18 countries, Cerelia holds a significant segment of the private label in Europe.
In 2012, KWM advised the shareholders of APM (its management, Capzanine and Céréa) on its merger with EuroDough (today known as Cerelia), as well as the funds Capzanine and Cerea on the mezzaning financing of the acquisition of Eurodough by Sagard, from Sarah Lee.