JCE Group AB has sold its wholly owned US subsidiary Green Circle Bio Energy, Inc. to Enviva Holdings, LP. The transaction required approvals from both US and European competition authorities, which were granted in December 2014.
The Riverside Company (“Riverside”) instructed Watson Farley Williams (“WFW”), a leading international law firm, to advise on the sale of its investment in Rameder Anhängerkupplungen und Autoteile GmbH (“Rameder”) to Munich-based private equity house Findos Investor.
Wragge Lawrence Graham & Co has advised Birmingham City Council (BCC) on the sale of the NEC Group to LDC. The transaction values the NEC Group at around £307 million, including the value of the leases of the Hilton Metropole and Crowne Plaza hotels on the NEC site which are being retained by the Council.
Noerr advised the Finnish/Swedish paper and packaging group Stora Enso on the sale of its special paper factory in Uetersen (Schleswig-Holstein). The purchase of the production facility is a company of the Private Equity investor Perusa Partners Fund 2. The purchase price agreed in mid-December 2014 of approx. 7 million is composed of cash free/debt free adjustments.
Mills & Reeve’s corporate team in Birmingham, led by partner Peter McLintock and supported by senior associate Ryan Hawley, advised the principal vendors, David Poole and Ian Humphris, co-founders and managing directors of Life, on the sale to Communisis, which completed on 5 January 2015.
Communisis acquired Life for £23 million, split between an up front consideration with an earn out based on performance over the next three years.
As part of the deal, David and Ian will join Communisis in senior executive roles.
Travers Smith LLP is advising management and others on the acquisition of Premium Credit Limited (PCL) by a company backed by Cinven Partners LLP for £462 million.
Shoosmiths has advised Peugeot Motor Company plc on the sale of Motaquip, an all-makes car part distribution business to Luton-based Comline Auto Parts Limited, an auto parts business.
As part of the transaction, Comline Auto Parts set-up Motaquip Limited as a new company to purchase Motaquip from Peugeot.
Motaquip was established in 1981 and is now a stand alone business unit supplying a comprehensive range of spare parts & components, predominantly for the service and repair of all makes of vehicles - from alternators to wiper blades, Alfa Romeo to Volvo.
Tyco (China) Investment Co., Ltd. (Tyco (China)) has acquired 100% stake in Shanghai Jindun Fire-Fighting Security Equipment Co., Ltd. (“Jindun Technology”) with more than RMB430mln in cash.
Ashurst advised Bregal Capital on the sale of Ideal Boilers, a well-known UK boiler manufacturer, to French heating group, Groupe Atlantic. Groupe Atlantic is a leading French Hvac company and achieved sales of just under €1bn in 2014.
Slaughter and May is advising Songbird Estates plc (Songbird), the majority owner of Canary Wharf Group plc, in respect of the unsolicited cash offer made for Songbird by Qatar Investment Authority and Brookfield Property Partners L.P. The unsolicited offer that was announced on 4 December 2014 values Songbird at approximately £2.6 billion.
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