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M&A: Seller's Counsel

Wiersholm assisted Coop

08 Jun 2015

Wiersholm has assisted Coop with the sale of Smalvollveien 65 Eiendom AS.

The company owns the previous Smart Club building at Alnabru, Oslo, in which Coop Ost, Expert and Lampehuset are the major tenants.

The buyer is the US company W.P.Carey, in cooperation with Winta Eiendom AS.

Ashurst advises TA Associates and Banca Leonardo in the context of the sale of DNCA to NGAM

08 Jun 2015

Ashurst advises TA Associates and Banca Leonardo in the context of the sale to Natixis Global Asset Management (NGAM), Natixis' asset management subsidiary (BPCE group), of their stakes in the asset manager DNCA.

TA Associates, majority shareholder of DNCA, and Banca Leonardo, that were exclusively negotiating with NGAM since February 19th, signed a sale agreement on May 13th. The closing of the deal is expected around June 30th, 2015.

The Ashurst corporate team was led by Yann Gozal, partner and Joseph Gadenne, associate.

Deal is latest in series of insurance broker deals Corporate Insurance team has advised on

08 Jun 2015

RPC has taken a lead role acting for international Lloyd's insurance and reinsurance broker RFIB Holdings Limited (RFIB) on its sale to US-based private investment firm Calera Capital.

The deal, which is subject to shareholder, court and regulatory approval, will see RFIB management and employees retain a significant equity stake in the business.

The transaction is one of an increasing number of insurance broker deals that RPC's Corporate Insurance team has been involved in over the last few years.

DLA Piper represents Mixamo in acquisition by Adobe Systems

05 Jun 2015

DLA Piper represented Mixamo, Inc., a 3D computer graphics technology company, in its sale to Adobe Systems Incorporated, an American multinational computer software company.

The acquisition will provide users of Adobe’s online graphics editor tool, Photoshop CC, with access to Mixamo’s 3D graphics composition system, combining the capabilities of Adobe Photoshop with the graphics and usability of Mixamo’s 3D platform.

Travers Smith advises management on the sale of The University of Law

05 Jun 2015

A Travers Smith team led by Head of Private Equity, Paul Dolman, has advised the senior management team of The University of Law in connection with its sale by Montagu Private Equity ("Montagu") to Global University Systems ("GUS") an international network of higher-education institutions headquartered in Amsterdam.

The Travers Smith team also included corporate associates Naveed Anwar and Ian Keefe, tax partner Russell Warren and tax associate Tom Rickford

Allen & Overy advises Old Mutual plc on its sale of Skandia Switzerland

04 Jun 2015

Allen & Overy LLP has advised Old Mutual plc on its sale of Skandia Leben AG in Switzerland, part of Old Mutual Wealth, to Life Invest Holding AG, a company owned by the Mutschler Group and Hannover Re.

The transaction is still subject to regulatory approvals and other customary conditions and is expected to take approximately six months to complete. The transaction continues Old Mutual Wealth’s commitment to simplify its operations.

NXP Semiconductors sells RF Power Business

03 Jun 2015

De Brauw Blackstone Westbroek advised NXP on selling its RF Power Business to the Chinese investor Jianguang Asset Management. Under the terms of the agreement JAC Capital will pay USD 1.8 billion for the business.

The NXP RF Power business is one of the market leaders in high performance RF power amplifiers primarily focused on the cellular base station market, but with potential future growth applications in the areas of industrial lighting, next generation cooking and automotive electronic ignition systems.

Hengeler Mueller advises Advent International on dual track sale of Douglas

03 Jun 2015

Private equity investor Advent International and the Kreke family announced on 1 June 2015 that they have signed an agreement to sell beauty retailer Douglas to a holding company jointly owned by CVC Capital Partners and the Kreke family. The Kreke family will remain a shareholder in Douglas, holding a 15% stake. The possibility of an IPO was examined parallel to the sale so that the transaction was conducted in a dual track process.