Eversheds has advised CBPE Capital LLP, the mid-market private equity firm, on the sale of IDIS Group Holdings to Clinigen Group plc.
CBPE Capital LLP (CBPE), has sold IDIS Group Holdings (IDIS) to Clinigen Group plc (Clinigen), the AIM listed speciality pharmaceuticals and pharmaceuticals services business, for an Enterprise Value of £225m.
The transaction represents a money multiple of 22x CBPE’s £9.4m investment in Idis.
Ratos AB (publ) and Bonnier Holding AB have agreed to divest Nordic Cinema Group Holding AB to the private equity fund Bridgepoint Europe V at an enterprise value of some SEK 4.7 billion. Bonnier will remain as a 30% co-owner after the transaction. The transaction is subject to regulatory approval and is expected to close during the summer of 2015.
Travers Smith LLP has advised long-standing client Pace, the UK provider of broadband and pay TV technology, on its combination with Arris, a US-based broadband media technology company. The US $2.1billion (£1.4 billion) transaction will be effected through a scheme of arrangement. The new holding company of the enlarged group will be listed on the NASDAQ stock exchange. Pace shareholders will receive cash and stock in the new holding company, which is incorporated in England and Wales. The transaction is subject to a number of conditions and is expected to close in late 2015.
Clifford Chance has advised long-standing client Abertis Infraestructuras, the Spanish infrastructure group, on the disposal of Desarrollo de Concesiones Aeroportuarias (DCA) for $190m to Mexican airport group Grupo Aeroportuario del Pacífico. DCA owns a 75% stake in the operator of Montego Bay Airport, Jamaica and a 15% stake in the operator of Santiago de Chile Airport.
Charles Russell Speechlys has recently acted as legal adviser to the sellers and management of Nerim in relation to Nerim’s secondary buyout by Dzeta Conseil, on the basis of a corporate value between 65M and 80M€. Nerim is a French B2B telecoms operator which was founded in 1999 and based in Paris.
Mineral exploration and development company Baobab Resources Plc (“Baobab”) has declared the £20.5 million cash offer for the company by major shareholder Redbird Investments Limited (“Redbird”) “unconditional in all respects”, as Redbird has acquired approximately 81% of the shares in Baobab. Watson Farley & Williams (“WFW”) advised Baobab on the offer and the proposed de-listing of the company’s shares from trading on the London Stock Exchange’s Alternative Investment Market (AIM).
Lenz & Staehelin advises Xerox in the sale of its Information Technology Outsourcing (ITO) business to Atos and related Swiss aspects.
The team is led by Lukas Morscher and includes Veronika Lierau (M&A) and Christian Meisser (TMT).
Shoosmiths has advised the shareholders of Ultimate HC Limited on its sale to Markerstudy Holdings Limited.
Ultimate HC Limited is the holding company for the Ultimate group which includes Ultimate Insurance Company Limited which is an independent provider of niche insurance services based in Gibraltar alongside Ultimate Pet Partners Limited and Ultimate Insurance Solutions Limited, the UK administrative arm of the business.
A cross-border team from Squire Patton Boggs has acted for Lloyd’s Register Group on the sale of the whole of the issued share capital of Lloyd's Register Rail Limited and Lloyd's Register Rail Europe B.V., together with various other assets relating to Lloyd’s Register Group’s international rail business, to Ricardo plc. Ricardo has signed a Share and Asset Purchase Agreement to acquire the business, operating assets and employees engaged in the businesses of Lloyd’s Register Rail, for a total cash consideration of £42.5 million.
Dechert LLP advised private equity firms HeidelbergCapital and Creathor Venture, together with former and current management and employees, on the sale of their shares in Accovion GmbH to Clinipace Inc. USA, a global digital Contract Research Organization (CRO). Accovion is a leading European full-service CRO headquartered in Frankfurt, Germany.