Hogan Lovells has advised Ares Management on the sale of the Employment & Skills Group (esg) to Interserve PLC for £25 million. The transaction was announced on Friday 5 December 2014. esg is one of the UK’s largest private sector providers of vocational training, skills and employability services for Government and employers, supporting over 65,000 people a year into work or training.
Roschier represented IK 2007 fund in connection with the sale of EPiServer to Accel-KKR, a US-based technology-focused private equity firm.
EPiServer, headquartered in Stockholm, Sweden, is a global software provider for innovative digital marketing and e-commerce solutions.
Thommessen is acting for Norwegian Property ASA (NPRO) in connection with the offer from Geveran.
In 2014 Thommessen has acted on all capital market transactions within the real property industry related to shares on Oslo Stock Exchange.
Geveran already owns 37,54 % of the company. The offer period runs from and including 18 December 2014 to 15 January 2015.
Besides acting for NPRO, Thommessen has in 2014 acted for Entra in its IPO and BWG Homes in connection with the offer from OBOS.
Hill Dickinson has acted for the management team and exiting private equity investor of Character World on a £36m secondary buy-out backed by Palatine Private Equity.
Slaughter and May is advising Catlin, a Bermuda-based insurer, in relation to the approach from XL Group Plc regarding a possible combination of the companies. The possible offer of 410 pence in cash and 0.130 shares for each Catlin share values the company at £2.53 billion pounds ($3.98 billion).
CONTACTS
Martin Hattrell (partner), Simon Nicholls (partner), Jan Putnis (partner), Steve Edge (partner), Jonathan Fenn (partner), Philippe Chappatte (partner), Murray Cox (associate), Gemma Carr (associate), Harry Hecht (associate)
Clifford Chance has advised one of Europe’s leading mid-market private equity investors, Equistone Partners Europe Limited (“Equistone”), on its agreement to sell its majority holding in A-Plan, a UK based, independent insurance broker, to HgCapital.
EVRY ASA is a leading IT-company in the Nordic countries with approximately 10,000 employees and approximately NOK 13 billion in annual turnover. EVRY Sweden has approximately 2,500 employees in Sweden and achieves approximately SEK 3,6 billion in annual turnover. Setterwalls has together with the Norwegian law firm Schjödt advised EVRY in a structured sales process, which on 8 December 2014 resulted in a public bid from Apax for all outstanding shares of EVRY. The bid has been recommended by the board of EVRY and values EVRY at approximately NOK 4,3 billion.
Gleiss Lutz has advised the US technology group L-3 Communications on the sale of its Marine Systems International (L-3 MSI) business. The business is being purchased by the Finnish Wärtsilä Corporation, which will be paying 285 million euros.
The transaction is expected to be closed during the second quarter of 2015 and is still subject to approval by the regulatory authorities.
A Travers Smith team led by senior partner Chris Hale and senior associate Adam Orr has advised management on the acquisition by HgCapital of A-Plan Insurance Group from Equistone Partners Europe.
The transaction sees HgCapital agree to acquire a majority stake in the business. Completion of the transaction remains subject to FCA approval.
The Travers Smith team also included corporate associates Matthew Kichenside, Victoria Bramall and Adam Martin. Tax advice was provided by head of tax group Kathleen Russ and tax associate Silvana Corrieri.
Simmons & Simmons has advised long-standing client the Ministry of Defence (‘MOD’) on the sale of the DSG land business (‘DSG’) in a regulated tender.
DSG is the main provider of maintenance, repair and overhaul services of Army vehicles (for example, tanks and other fighting vehicles, protected mobility and other personnel carriers) for the MOD, employing approximately 2,400 civilian staff. The sale of the DSG is one of the largest and most high-profile sales of Government assets.