Clifford Chance has advised Deutsche Telekom AG which, along with Orange S.A, has reached an agreement with the British telecommunications operator BT Group plc. on the sale of their UK joint venture EE. Upon closing of the transaction, Deutsche Telekom will become the largest shareholder in BT with a stake of 12 percent.
The insolvency administrator Stephan Ammann of PLUTA Rechtsanwalts GmbH has sold CinePostproduction GmbH. The assets were acquired by MTI Teleport München GmbH, based in Unterföhring near Munich. The buyer has taken over the business units eDelivery to cinemas, Digital Cinema Package (DCP), the film warehouse including film restoration and parts of the post production.
Castres & Snellman acted as the Finnish counsel to the target company and the sellers in the sale of CRF Box Oy (CRF Health) to funds managed and advised by Vitruvian Partners. Travers Smith acted as the lead counsel to the company and previous shareholders including funds advised by Verdane Capital Advisors.
CRF Health is the leading provider of electronic Clinical Outcome Assessment (eCOA) solutions for global clinical trials.
Mills & Reeve Birmingham office has advised 99p Stores on its proposed £55 million sale to Poundland. The deal comprises £47.5 million in cash and £7.5 million of Poundland shares and is conditional on the approval of the Competition & Markets Authority (CMA). The process is anticipated to take around two months.
Eversheds has advised Inflexion Private Equity and SMD’S Management Team on the sale of SMD, a Newcastle-based remote subsea vehicle manufacturer to Zhuzhou CSR, a Hong-Kong listed Electric Company.
SMD is the world’s leading designer and manufacturer of subsea vehicle systems. Zhuzhou CSR Times Electric Company Limited is a subsidiary of CSR Corporation Limited, one of the world’s largest manufacturers of electric locomotives.
Clifford Chance has advised Sun Hung Kai & Co (SHKCO) on the disposal of 70% of Sun Hung Kai Financial (SHKF), one of the largest Hong Kong-based brokerage and wealth management service providers, for HK$4.1 billion (US$528 million) to Everbright Securities Financial Holdings Limited, a wholly owned subsidiary of Shanghai-listed Everbright Securities Company Limited, China's eighth-biggest brokerage. The transaction was signed on 1 February 2015 and is subject to regulatory and shareholder approvals.
Rhein Main Holding GmbH & Co. KG, a publishing group headquartered in Mainz, is acquiring the two Darmstadt-based companies Echo Medien GmbH and SLS Südhessische Logistik-Service GmbH & Co. KG. A purchase agreement to this effect has been signed with the shareholders. The transaction is currently awaiting approval from the competition authorities. The purchase price was not disclosed.
The London and Hong Kong offices of Debevoise & Plimpton LLP have advised AIF Capital Limited in the sale of its stake in Famy Care Limited to Mylan Laboratories Limited.
Under the terms of the agreement, Mylan will pay $750 million in cash to the existing shareholders, plus additional contingent payments of up to $50 million, to acquire certain female reproductive health care businesses from Famy Care.
The deal is subject to regulatory approvals and customary closing conditions.
Baker & McKenzie is advising the vendor on the sale of Australia's leading air-conditioning and mechanical services provider, AE Smith, to ASX-listed Spotless.
Partner Richard Lustig led the Baker & McKenzie team, which included associate Eliza McDonald.
Commenting on the transaction, which was announced to the ASX today, Richard Lustig said: "AE Smith was established over 117 years ago and has a rich history in Australia. We are delighted to be assisting our client on this significant transaction".
VISCHER represents the sellers of Redvax GmbH, in Schlieren in its sale to Pfizer. Redvax is a spin-off from Redbiotec AG, a privately held Swiss biopharmaceutical company, based in Zurich-Schlieren. Redvax develops a preclinical human cytomegalovirus (CMV) vaccine candidate, a herpes virus. A vaccine could prevent a CMV infection during pregnancy and of passing the infection on to the unborn child.