The Nordic investment fund Axcel III has agreed to divest LGT Logistics to Litorina. The transaction is subject to customary regulatory review and is expected to close in April 2015.

Addleshaw Goddard has recently advised the shareholders of CloserStill Group Limited (Phoenix Equity Partners, NVM Private Equity and Management) on its sale to Inflexion Private Equity. The team also advised Management on the terms of their reinvestment in the company.

CloserStill is the UK’s fastest growing international media and exhibitions business.

Taylor Wessing has advised the sellers of AlertMe, the UK-based Internet of Things company, on the sale of the business to British Gas for £65 million.

Berlin-based Absolventa GmbH is being sold to the FUNKE media group of Essen. Job portal Absolventa has around 50 employees and its online portals attract more than 1.1 million visits a month. Absolventa is notable for its outstanding mobile usability, user-friendliness and the perfect fit of the jobs displayed. These factors help to explain the portal’s high level of customer loyalty and very high recommendation rates.

Morgan Lewis announces that it has advised the owner of Liberty Living Management Two Limited (“LLMTL”), the property asset management company, on the sale of LLMTL to Canada Pension Plan Investment Board (“CPPIB”), the Canadian state pension investment body.

Mercer and the shareholders of SCM Strategic Capital Management AG's ("SCM") successfully closed the acquisition of SCM by Mercer. SCM is a specialized Swiss investment advisor for institutional investors focusing on investments in private equity, real estate and infrastructure.

SCM and its shareholders were advised by Homburger.

Recruit Holdings Co., Ltd. (" Recruit Holdings "), a listed corporate venture capital company based in Japan has announced the acquisition of Quandoo GmbH (" Quandoo ''). Sellers are the founders of Quandoo and other investors. Quandoo operates a web-based platform for restaurants. Customers are offered tools for managing reservations and seatings as well as up-to-date payment systems. The company is based in Berlin and has operations in 13 countries.

The German investment group Odewald SMEs has sold its majority stake in POLYTECH-Domilens group (Polytech) to the pan-European mid-cap fund Stirling Square Capital Partners.

Early 2011 Odewald aquired a majority stake in the Polytech Group and merged it in October 2013 with the Hamburg Domilens GmbH.

Polytech is a service partner in the field of eye surgery with more than 100 employees. The company is headquartered in the Hessian RoBdorf, and is engaged not only in the German market but also in Austria, Switzerland, Poland and Hungary.

Eversheds has advised leading UK private equity firm Livingbridge, and the management shareholders, on the disposal of a majority shareholding in Luxury For Less Limited to Wolseley Plc.

Luxury for Less Limited, founded by entrepreneurs Chris Li and Vicky Wang in 2006, is an online bathroom products retailer which designs and sources its own product, supplying direct to consumers principally via its website www.bathempire.com.

Clifford Chance has advised Investa Holding GmbH and ABRY Partners LLC, Boston, on the sale of an aggregate stake of 86.7% in e-shelter, Germany's largest data centre services operator, to Japan's NTT Communications Corporation (NTT Com).