Allen & Overy LLP advised M.A.X. Automation AG, a listed specialist supplier of automation solutions with its registered office in Düsseldorf, on the sale of Euroroll Dipl. Ing. K.-H. Beckmann GmbH & Co. KG, a manufacturer of undriven roller conveyers based in Ascheberg.  Euroroll has been acquired by Fortas AG based in Rösrath, a holding company focussing on medium-sized companies which succeeded in winning the highly competitive bidding process. The parties agreed not to disclose the purchase price.

Vinge has advised Perusa Partners in connection with its sale of parts of AddPro the Swedish IT integration company’s operation to the company’s founders and management. Perusa Partners acquired the AddPro group in June 2014. The part of the operation which remains in Perusa Partners’ ownership is Security & Communications, which is currently conducted under the business name Coresec Systems. The operational divisions which were sold are Infrastructure and Applications & Integration.

The Swedish investment company Proventus has divested renowned Swedish toy company BRIO AB to the Ravensburger Group, one of Europe’s leading manufacturers of puzzles, games and activity products.

Freshfields Bruckhaus Deringer has advised Shui On Land Limited on the disposal of Infoshore International Limited (Infoshore) to Bayline Global Limited, a company indirectly owned by LKK Health Products Group Limited and China Vanke Co., Ltd.

International law firm Freshfields Bruckhaus Deringer has advised Shui On Land Limited on the disposal of Infoshore International Limited (Infoshore) to Bayline Global Limited, a company indirectly owned by LKK Health Products Group Limited and China Vanke Co., Ltd.

The Pforzheim-based Rösch and Wentz shareholder families have sold their shares in the operating companies of the Rösch car dealership group. The sale to Hahn Group of Fellbach took effect on 1 January 2015. The transaction covers Rösch’s VW, VW commercial vehicles, Seat, Skoda and Audi dealerships. The Body and Paint Centre is also being acquired by the Hahn Group, but the shareholder families are retaining ownership of the Pforzheim Porsche Centre that also forms part of the Rösch Group.

Slaughter and May is advising Catlin Group Limited, the Bermuda-domiciled international specialist property/casualty insurer and reinsurer, in relation to the recommended cash and share acquisition of Catlin by XL Group plc. 

Triton Funds, managed by Triton Beratungsgesellschaft GmbH, and private equity investor Capvis sold Wittur to funds, managed by Bain Capital Europe LLC.

The following Munich P+P team advised the management team of the Wittur group:

  * Benedikt Hohaus (partner, lead, private equity/M&A, management participation)
  * Tim Kaufhold (associate, private equity/M&A)

In a stock-market announcement of 8 December 2014, SAS announced that it had purchased Cimber A/S. On behalf of the bankrupt estate of Cimber Sterling A/S, LETT participated in the tripartite negotiations concerning the sale of the airline.

So far, Cimber A/S has primarily been flying for other airline companies, including SAS. Some of the most significant assets of Cimber A/S are CO2 quotas and the CO2 quotas 2015-2020 which previously belonged to the bankrupt estate of Cimber Sterling A/S. SAS will receive these assets in connection with its acquisition.

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We advised Birdstep Technology ASA in the sale of all the shares in Birdstep Technology Oy to Elektrobit Technologies Ltd, a subsidiary of Elektrobit Corporation.

Birdstep Technology ASA is listed on the Oslo Stock Exchange and is a global provider of mobility software and related services for operators and enterprises.

The majority interest in Avinode, the world’s leading marketplace for buying and selling air charter online, has been acquired by Multi Service Technology Solutions, Inc., a leader in aviation management software technology and card processing solutions.