Mayer Brown has advised growth capital firm, Active Private Equity, and the other selling shareholders on the sale of Evans Cycles to ECI, a private equity firm.
On completion of the sale, ECI will hold a significant majority stake in Evans with the remainder held by the existing Evans Cycles management.
Allen & Overy LLP advised the Hamburg-based Eckelmann Group, one of the leading groups for industrial and maritime environmental protection and supply and disposal logistics, on the sale of three subsidiaries to H.E.C. Europe Limited.
The companies sold are HÖG Hamburger Ölverwertungs-Gesellschaft, Carl Robert Eckelmann Cleaning und Service GmbH and Eckelmann Umweltschutz GmbH. The parties agreed not to disclose the purchase price.
Berlin-based online food ordering service Delivery Hero has acquired Turkish competitor Yemeksepeti for approx. 590 million US dollars. Gleiss Lutz advised Yemeksepeti’s shareholders on the transaction, in particular founder Nevzat Aydin and General Atlantic.
According to Delivery Hero, the deal was the largest takeover to date in the food ordering sector. The acquisition was funded through cash and – to a lesser extent – an exchange of shares, with the former shareholders of the company becoming shareholders in Delivery Hero.
The agreement involves the sale of Rotocobrhi, a web offset printer in Madrid, and Eurohueco, a gravure printer in Barcelona.
Cuatrecasas, Goncalves Pereira has advised Be Printers (Bertelsmann) on selling its printing business in Spain to Walstead Capital Limited.
The agreement involves the sale of Rotocobrhi, a web offset printer in Madrid, and Eurohueco, a gravure printer in Barcelona. Together they have a staff of 550.
Mayer Brown is representing The Dow Chemical Company in the sale of AgroFresh, its post-harvest specialty chemical business, to Boulevard Acquisition Corp., a publicly traded special purpose acquisition company sponsored by Avenue Capital Group.
Taylor Wessing has advised Wahanda, Europe’s largest hair and beauty marketplace, and its key shareholders on a nine-figure deal which sees Recruit become the sole investor in the business and which represents a highly successful exit for the other institutional investors. Wahanda secured a further $46 million investment from Recruit which will support its ambitious growth strategy.
Orange’s Board of Directors accepted Vivendi’s proposal to enter into exclusive negotiations within the framework of the sale of an 80% stake in Dailymotion, based on an enterprise value of EUR 265 million. During such exclusive negotiations, the parties will be required, inter alia, to finalize the final terms of the operation which will be subject to information-consultation of their respective workers councils.
Kirkland & Ellis LLP represents the majority shareholders of Ironshore, Inc., including GTCR, Irving Place Capital, Towerbrook Capital, Calera Capital and Corporate Partners, in connection with the sale of insurer Ironshore to Fosun International Limited (HKEx stock code: 00656), a Chinese investment company focused on insurance, industrial operations, investment and asset management.
CMS in London advised leading UK-mid market private equity house, LDC, Forward Private Equity and the management shareholders on its £160m sale of price comparison website uSwitch to Zoopla Property Group plc (ZPG.) The transaction is subject to regulatory approval.
LDC acquired a majority stake in uSwitch in August 2013, as part of a management buyout, with Forward Private Equity retaining a substantial minority holding. They have since worked with the management team to support its growth strategy and gain market share, through the expansion of its platform.
DLA Piper has advised Discovery Communications on the disposal of Nordic radio broadcaster, SBS Discovery Radio, to Bauer Media.
The pan-Nordic broadcaster reaches a weekly audience of more than 10 million and is the leading commercial radio operator in Sweden and Denmark, with a strong presence in Norway and Finland. It also reaches more than four million unique users through its digital platforms and online radio players.