Hamburg-based firm Detlev Louis Motorrad-Vertriebs GmbH has been sold to US holding company Berkshire Hathaway Inc., which is headed by Warren Buffett, one of the world's most successful businessmen. The transaction is currently awaiting approval from the competition authorities.
VISCHER represents the sellers of GlycoVaxyn AG, in its sale to GlaxoSmithKline (GSK) for a consideration of $190 million, valuing this privately held Swiss vaccine company in Schlieren-Zurich at $212 million in total. GlycoVaxyn’s innovative biological conjugation platform originates from ETH Zurich and enables the development of a new generation of conjugate vaccines against major bacterial infections.
A Travers Smith team led by senior partner, Chris Hale and corporate senior associate Will Yates has advised NewSmith LLP ("NewSmith") on the sale of its asset management business to Man Group PLC ("Man Group") for an undisclosed sum. The acquisition is expected to complete in the second quarter of 2015, subject to regulatory and other approvals.
A Travers Smith team led by head of private equity, Paul Dolman and private equity senior associate, Will Yates has advised the shareholders (including majority shareholder Lyceum Capital) of international clinical trial research firm Synexus on its £83 million secondary buy-out backed by private equity investor LDC.
Clifford Chance has advised Westdeutsche ImmobilienBank AG (WestImmo) on the sale of all of its shares to Aareal Bank Group, Wiesbaden (Germany). A corresponding sale and purchase agreement was signed with the previous owner, Erste Abwicklungsanstalt AöR (EAA), Düsseldorf (Germany).
The purchase price amounts to EUR 350 million (subject to contractually agreed adjustments until the closing date). The transaction – which is subject to the approval of the respective authorities – is expected to be completed during the first half of 2015.
DLA Piper has advised Duff & Phelps on the sale of Sceptre Leisure to the Gauselmann Group, which has resulted in the safeguarding of more than 350 jobs.
The financial restructuring and sale of the main trading business of the Sceptre Leisure Group was completed on 11 February 2015 by Duff & Phelps, with DLA Piper providing legal advice throughout the transaction.
A team of Heuking Kühn Lüer Wojtek led by Hamburg-based partner Dr. Peter Christian Schmidt advised the shareholders of movento GmbH and movento AG on the sale to DABERO Service Group.
Slaughter and May is advising Standard Life plc (Standard Life), a leading long-term investment savings business, on its return of around £1.75 billion to shareholders by way of a B/C share scheme.
Delphi has advised the sellers of Svenska Industriborstar i Vasteras AB on the divestment of all shares to Lagercrantz Group AB (publ.). Svenska Industriborstar i Vasteras AB was founded in 1955 and is the market-leading manufacturer of cassette brush system today. Svenska Industriborstar i Vasteras AB develops, manufactures and sells specially-designed steel and plastic brushes for ice, snow and rubber clearance of airport runways.
Delphi's team mainly consisted of Mats Dahlberg (lead partner), Frida Lager and Gustaf Bessfelt-Juhlin.
DLA Piper advised the shareholders of E.I.S. Holding GmbH on the sale of the aviation business to the private equity investor EQT.
E.I.S. Aircraft Group develops and manufactures aircraft cabin interior products and provides line and base maintenance for aeroplanes as well as flight simulation and training services to international customers.