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M&A: Seller's Counsel

Stephenson Harwood advises incadea on Dealertrack’s £122 million recommended takeover bid

08 Jan 2015

Stephenson Harwood LLP is advising incadea plc (incadea), a leading provider of enterprise software and services to the global automotive dealership industry, on its potential sale for £122 million in cash to NASDAQ listed Dealertrack Technologies, Inc (Dealertrack). Dealertrack is a web-based software solutions and services provider to all major segments of the automotive retail industry. The agreement on the terms of the recommended cash offer for incadea was announced yesterday, Thursday 18 December 2014.

Vinge represented the sellers in the divestment of Fred Holmberg & Co AB

06 Jan 2015

Vinge represented the sellers in the divestment of Fred Holmberg & Co AB to Brenntag Nordic AB. Fred Holmberg & Co AB is active within the field of distribution of chemicals, biofuels and products for NOx reduction and has an expected turnover of more than SEK 700 million for 2014. Brenntag is the world leader in chemicals distribution and the acquisition strengthens Brenntag’s presence on the Nordic market.

Vinge Advises SJ in sale of Linkon

06 Jan 2015

Vinge assists SJ AB in connection with its sale of 75% of the shares in Linkon AB to SilverRail. SJ retains a 25% interest in the company. Linkon develops and provides advanced ticket- and payment systems for the travel industry, with a focus on rail transportation, and has under SJ’s ownership developed on the Nordic market. SilverRail is a growth oriented company with extensive experience within the railway sector, with presence on the European market e.g. in the UK, Germany and Italy.

Estancia San Francisco: NCTM Studio Legale Associato with the shareholders of Estancia San Francisco SA in the sale of a large real estate in Spain

05 Jan 2015

NCTM Studio Legale Associato has assisted the controlling shareholders of Estancia San Francisco SA in the sale of the entire share capital of Estancia San Francisco SA, the Argentine company owning a vast plot of land in the area of Cordoba, to Fondo de Inversion de Terras (FIT), for a total value of USD 48 million.

NCTM has assisted the shareholders of Estancia San Francisco SA with a team led by Luigi Croce, equity partner, assisted by Paolo Bolis, associate, for the corporate and real estate aspects, and by Pierma uro Carabellese, equity partner, for the tax aspects.

Dentons advises Gienanth

05 Jan 2015

Dentons has advised Gienanth GmbH on the sale to Deutsche Beteiligungs AG (DBAG) and the in-house DBAG Fund VI in the framework of a double-sided trusteeship. DBAG and DBAG Fund VI will hold 100 percent of Gienanth. The management will be involved in the context of a management buy-out (MBO). This also includes the subsidiary Fronberg Guss GmbH in Schwandorf. The completion of the transaction is subject to the approval of the German Federal Cartel Office and is expected to take place at the beginning of 2015.

SEE/Austria: Schoenherr advises HETA (formerly Hypo Alpe Adria International) on sale of Hypo Group's SEE Banking Network

31 Dec 2014

Schoenherr advised Heta Asset Resolution (HETA) on the agreement over the purchase of Hypo Group Alpe Adria, the South-Eastern European (SEE) banking network of the former Hypo Alpe-Adria-Bank International (SEE Network). The US-fund Advent International and the European Bank for Reconstruction and Development (EBRD) signed an agreement on 22 December 2014 to acquire the SEE Network.

Watson Farley & Williams advises The Riverside Company on the exit of its investment in Rameder

31 Dec 2014

The Riverside Company (“Riverside”) instructed Watson Farley Williams (“WFW”), a leading international law firm, to advise on all legal and tax aspects regarding the sale of its investment in Rameder Anhängerkupplungen und Autoteile GmbH (“Rameder”) to Munich-based private equity house Findos Investor.

Linklaters advises Triton on selling Wittur to Bain Capital

31 Dec 2014

Linklaters advised the financial investor Triton on the sale of the elevator equipment manufacturer Wittur to Bain Capital. With its components, modules and systems for the elevator industry, Wittur is active in more than 50 countries worldwide. Founded in 1968, the company has more than 3,000 employees. After Triton had taken over the international elevator equipment manufacturer in 2010, the company was able to continue to expand its market activities.