Squire Patton Boggs has advised the owners of Dilax Intelcom GmbH on the sale of the majority of its shares to private equity companies VR Equitypartner GmbH and Omos Equity Partners GmbH. Under the terms of the deal, VR Equitypartner has acquired 65 per cent of the shares.
Linklaters has advised Barclays on the sale of the entirety of its banking businesses in Pakistan to Habib Bank Limited (HBL) to be effected by way of a scheme of amalgamation. This is part of its programme of disposals of its non-core assets.
HBL is Pakistan’s largest bank offering a wide range of commercial and retail banking services.
The deal is expected to be completed within the first half of 2015, subject to regulatory approval.
The Linklaters team is being led by Corporate partner Savi Hebbur and managing associate Sushil Jacob.
Herbert Smith Freehills has advised Goodman Fielder on its acquisition by Wilmar International Limited and First Pacific Company Limited (through a jointly-owned entity) by way of a scheme of arrangement, which values Goodman Fielder on an enterprise value basis at A$1.9 billion.
The scheme of arrangement became effective on 3 March 2015 and was implemented yesterday.
A Travers Smith team led by head of private equity, Paul Dolman, has advised Hellman & Friedman on the sale of SSP, a global insurance technology business, in a secondary buy-out backed by Lloyds Development Capital and Scottish Equity Partners.
White & Case LLP has advised Miniclip on its sale of a majority stake to Tencent Holdings Limited. The financial terms of the transaction have not been disclosed.
Miniclip is a global leader in digital games, developing, publishing and distributing games to an audience of more than 70 million monthly active users across mobile, social and online platforms. Tencent is a leading provider of comprehensive internet services in China.
McDermott Will & Emery advised the shareholders of Anaconda Pharma on the sale of the company to Biota Pharmaceuticals. Anaconda Pharma was formed in 2003 as a spin-out of the Institut Pasteur and is focused on the development of treatments against human papillomavirus (HPV) infections. Under the agreement, all of Anaconda Pharma's shares will be acquired for shares of Biota common stock and $8 million in cash, subject to certain adjustments. Biota Pharmaceuticals, Inc.
Dr. Jörg aus der Fünten, partner at the Cologne office of commercial law firm Heuking Kühn Lüer Wojtek, advised investment firm CoBe Capital on the sale of the European Printing Systems Group (PSG) to Heidelberger Druckmaschinen Aktiengesellschaft (Heidelberg). Dr. Mark P. Scheunemann, partner at the Düsseldorf office, advised on tax law. The transaction is pending approval by the antitrust authorities.
Ashurst is advising Bioquell plc, provider of specialist microbiological control technologies to the international Healthcare, Life Science and Defence markets, on its disposal of its specialist testing services subsidiary, TRaC, to Element Materials Technology Group Holdings Limited for a cash consideration of £44.5 million.
Hogan Lovells has advised The Equitable Life Assurance Society on the sale of an annuity business with liabilities of around £875 million to Canada Life Limited. The transaction was announced on 3 March 2015.
The transaction has been structured as an initial reinsurance, which will be followed by a transfer of the annuity policies under Part VII of the Financial Services and Markets Act 2000. The business comprises approximately 31,000 policies, representing the bulk of Equitable Life's remaining annuity business.
Niederer Kraft & Frey Ltd. (NKF) advised Bridgepoint in connection with the sale of Infront Sports & Media AG to Dalian Wanda Group Co. Ltd. The agreement was signed on 10 February 2015 and is subject to customary conditions.
The transaction is valued at approximately EUR 1.05 billion. Bridgepoint was advised by Lazard (corporate finance), KPMG (financial and tax due diligence), Latham & Watkins, Niederer Kraft & Frey Ltd. (NKF) and Clifford Chance (legal).