Capita, a UK leader in business process management and outsourcing solutions, has successfully completed its previously announced acquisition of avocis, a leading provider of customer contact management services in Germany, Switzerland and Austria, from its former owners.
Simpson Thacher has represented Blackstone Capital Partners and CVC Capital Partners on the sale of their respective remaining stakes in Merlin Entertainments Plc (“Merlin”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £653 million (US$1 billion).
GvW Graf von Westphalen has advised listed AAR CORP. on the sale of the Telair Group to TransDigm Group (also listed in the US) for a purchase price of USD 725 million subject to adjustment. Telair International GmbH with registered office in Miesbach/Germany is a major part of the Telair-Group.Telair International provides the world's airlines and OEMs with advanced cargo-handling systems and aftermarket services.
Osborne Clarke has advised the shareholders of First Water on its acquisition by Scapa Group for consideration of up to £15.3m payable depending on performance in 2016, 2017 and 2018.
First Water specialises in manufacturing advanced wound dressings and skin adhesives. Scapa Group manufactures bonding materials, adhesive tapes and foils for industrial and domestic uses.
The Osborne Clarke team that advised on the acquisition was led by Partner David Ferris, who was assisted by Senior Associate James Davies.
Hogan Lovells has advised Ovivo Inc. on the sale of its United Kingdom municipal division to Jacopa Limited, a company owned by some members of the local management team. The transaction completed on 27 February 2015.
Ashurst is advising the real estate investment fund manager Tritax in connection with the sale of the entire issued units of Tritax Brindleyplace (7, 8 & 10) Unit Trust ("Unit Trust") to a German institutional investor.
Freshfields Bruckhaus Deringer is advising Rexam, the UK-based international aluminium can manufacturer, on the cash and shares offer by US-based Ball Corporation valuing Rexam at £4.3bn.
London Managing Partner Julian Long said: 'Working alongside our New York and Washington partners, our work for Rexam on this transaction showcases our capability and experience in European and US antitrust and in UK and US public M&A.'
Macfarlanes has advised Freightliner Group Limited (Freightliner) management on its sale to Genesee & Wyoming Inc.(G&W) from Arcapita.
G&W has agreed to acquire approximately 95% of the shares of Freightliner from Arcapita and other shareholders for a consideration of approximately £490m. Members of the existing Freightliner management team will retain an approximate 5% ownership interest with G&W to own 100% by mid-2020.
Heuking Kühn Lüer Wojtek advised German holding company Odewald KMU, specializing in small and medium enterprises, on the sale of Robdorf-based Polytech-Domilens group to Stirling Square Capital Partners, a holding partner focusing on European SMEs.
Polytech-Domilens group is a leading service partner in the field of eye surgery and supplies ophthalmologists and hospitals with a comprehensive product range in cataract surgery. In addition to Germany, it is also operating in Austria, Hungary, Poland, Switzerland, and Spain.
A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the acquisition of Big Bus Tours by Exponent. The transaction sees Exponent agree to acquire a majority stake in the UK-based global sightseeing bus tour operator.
The Travers team also included corporate associate Victoria Bramall. Tax advice was provided by head of tax group Kathleen Russ and tax associate Jessica Kemp.