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M&A: Seller's Counsel

King & Wood Mallesons advises Syntegra and the other sellers on the sale of Questel

16 Jun 2015

King & Wood Mallesons advised Syntegra and the other (CIC Mezzanine and PO Mezzanine) on the sale of Questel to its management, supported by the funds of Raise and Capzanine.

Questel Development, holding company of the Questel group, provides a comprehensive suite of web-based services for productivity and collaboration dedicated to intellectual property. The company employs 120 people worldwide and generates a turnover of approximately €22 million.

Norton Rose Fulbright advises Asian airline consortium on disposal of stake in Abacus GDS to Sabre

16 Jun 2015

Norton Rose Fulbright has advised Abacus Holdings, a consortium of 11 Asian airlines, on its disposal of a 65% stake in Abacus International Pte Ltd to its joint venture partner Sabre Corporation, valuing Abacus at US$740 million.

The airlines comprised All Nippon Airways, Cathay Pacific, China Airlines, DragonAir, Malaysian Airlines, Philippine Airlines, Royal Brunei Airlines, Silkair, Singapore Airlines, Eva Air and Garuda Indonesia.

Hengeler Mueller advises Bayer on its Divestment of the Diabetes Care Business

12 Jun 2015

Bayer has entered into an agreement to sell its Diabetes Care Business to Panasonic Health Care Co., Ltd., a company held by funds advised by KKR and by Panasonic Corporation. The total consideration for the transaction is €1.022bn. Bayer Diabetes Care Business is a leading provider of blood glucose monitoring systems, lancing devices and diabetes management software with sales of more than €900m in 2014. The sale stands at the end of an auction process.

Gleiss Lutz advises Lindsay Goldberg on sale of the Weener Plastic Packaging Group to 3i

11 Jun 2015

Lindsay Goldberg has agreed to sell the Weener Plastic Packaging Group to 3i. The Weener Group designs and manufactures innovative plastic packaging solutions for the personal care and cosmetics, food and beverage, home care, chemicals as well as pharmaceuticals industries. The group has over 2,000 employees and operates 24 production locations across 15 countries with presence in Europe, North America as well as in emerging markets in South and Central America, Asia and Africa.   

KWM advises the sellers on the secondary LBO of Exclusive Networks

11 Jun 2015

King & Wood Mallesons advised the sellers on the secondary LBO of Exclusive Networks. Owned by Omnes Capital for nearly five years, the French group renews with Cobepa Belgian capital funds.

Exclusive Networks is the leading independent European value-added distributor (VAD) specialising in the marketing of security, storage and networking solutions for businesses.

The multi-jurisdictional KWM team was composed of:

Taylor Wessing advises TOMORROW FOCUS AG on the sale of its dating agency portal ElitePartner to investor Oakley

11 Jun 2015

Taylor Wessing has advised TOMORROW FOCUS AG on the sale of EliteMedianet GmbH, the operator of the dating agency portal ElitePartner, to THMMS Holding GmbH, a subsidiary of investment company Oakley Capital Private Equity II. The takeover of the stakes in EliteMedianet GmbH by Oakley Capital Private Equity are subject to a release under cartel law. The transaction is due to complete in the third quarter of 2015.

Bird & Bird advises on the sale of a majority stake in Applied Market Information Limited

11 Jun 2015

Bird & Bird's Corporate team in London recently advised the founders and shareholders of Applied Market Information Limited (AMI) on the sale of their majority stake to Alcuin Capital Partners.  AMI is a leading provider of information services to the global plastics industry through syndicated reports, databases, digital magazines, consulting and conferences. This sale is a key investment for Alcuin Capital Partners, who specialise in growth capital investments and management buy-outs for smaller-middle market companies in the UK.

Travers Smith advises Patron Capital on the £500 million sale of Motor Fuel Group to Clayton, Dubilier & Rice

10 Jun 2015

Travers Smith LLP has advised Patron Capital, the pan-European institutional investor, on the sale of Motor Fuel Group (MFG) to funds managed by US private equity firm Clayton, Dubilier & Rice (CD&R). The deal, which is valued at approximately £500 million, is expected to complete in July.