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M&A: Seller's Counsel

Standard Chartered - sale of consumer finance businesses in Hong Kong and Shenzhen

18 Dec 2014

Slaughter and May advised Standard Chartered in relation to the sale of its consumer finance businesses in Hong Kong and Shenzhen, being PrimeCredit Limited and Shenzhen PrimeCredit Limited, to a consortium comprising China Travel Financial Holdings Co., Limited, Pepper Australia Pty Limited and York Capital Management Global Advisors, LLC. The transaction is subject to certain regulatory approvals.

Jun He Law Offices advised on PRC law and Paul, Weiss, Rifkind, Wharton & Garrison advised on US law.

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Romania/Austria: Schoenherr advises Volksbank Romania shareholders in planned sale to Banca Transilvania

18 Dec 2014

Schoenherr served as lead counsel to the shareholders of Volksbank Romania S.A. (“VBRO”) - Österreichische Volksbanken-AG (VBAG), Groupe BPCE, DZ BANK AG and WGZ BANK - on their agreed sale of VBRO to Romania’s third-largest bank, Banca Transilvania SA. Signing of the contracts took place on 10 December 2014. The closing of the transaction is subject to approval by the National Bank of Romania and the Romanian competition authority and is expected within the first half year of 2015.

Heuking Kühn Lüer Wojtek advises Syntela GmbH founders on sale of shares as part of the successfully arranging ownership succession

18 Dec 2014

With a team led by Hamburg-based partner Dr. Jörg Schewe, the commercial law firm of Heuking Kühn Lüer Wojtek advised the founders and sole shareholders of Syntela IT-Dienstleistungs GmbH (Syntela), Thomas Metzger and Rando Trapp, on the sale of shares to Hamburg Caldec Holding GmbH. The shares were sold in the context of a structured search for a suitable strategic shareholder partner. The parties agreed not to disclose the purchase price.
 

Stampen Media Partner divests Appelberg to Mediaplanet

18 Dec 2014

Stampen Media Partner AB, a company within the Stampen Media Group, has divested its communications agency Appelberg Group Publishing AB to Media Planet International AB.

Appelberg is one of Sweden's leading channel independent providers of content marketing. The company was founded 25 years ago and has approximately 55 employees. Appelberg will continue to operate independently under its own brand after the transfer.

Shoosmiths advises ERIKS UK on international disposal of manufacturing business

17 Dec 2014

Shoosmiths has advised ERIKS UK Holdings Limited (ERIKS UK) on the strategic disposal of the business and assets of its West Midlands based Revolvo Limited, to US corporate The Timken Company (Timken).

ERIKS UK is a part of ERIKS NV, an international service provider offering a wide range of high quality mechanical engineering components and associated technical and logistics services. The provider has a presence in 28 countries worldwide.

Clayton Utz advises Otto Energy on superior proposal of US$108m for sale of Otto's Galoc Field interest

17 Dec 2014

Clayton Utz is advising Otto Energy Limited (Otto) on its divestment of 100 per cent of the shares in Galoc Production Company WLL (GPC) to Nido Petroleum Limited for US$108m (approximately A$130m). GPC is the holder of Otto's 33 per cent interest in the Galoc oil field.

Perth Corporate Advisory/M&A partner Matthew Johnson, and senior associate Liz Humphry, are leading the Clayton Utz team.

Thommessen acts for Eltek

16 Dec 2014

Thommessen are acting on behalf of Eltek in connection with the voluntary cash offer from Delta.

The Voluntary Offer values the shares of Eltek at approximately NOK 3.9 billion. Eltek is listed on the Oslo Stock Exchange and is a strategic technology partner for power solutions. The company has approximately 2,400 employees and operations in almost 40 countries.

Macfarlanes advises Avant Homes on its sale

16 Dec 2014

Macfarlanes has advised Avant Homes and its management on its acquisition by funds managed by a consortium comprising Alchemy Special Opportunities, Angelo, Gordon & Co and Avenue Capital.

Avant Homes is a leading brand in the UK housebuilding sector, operating through well-known regional brands Bett Homes, Ben Bailey Homes Country & Metropolitan Homes.

The Macfarlanes team was led by corporate and M&A partner Stephen Drewitt.

Simpson Grierson acts in sale of ISO Limited to Qube

16 Dec 2014

Simpson Grierson partner Michael Pollard and senior associate Andrew Matthews have acted for FIGG Investments Limited in the sale of New Zealand's stevedoring and marshalling company, ISO Limited, to ASX-listed Qube Holdings Limited for NZ$80 million plus an as yet determined earn out amount.

ISO Limited operates in ports throughout New Zealand and Australia. The company's stevedoring, marshalling and transport activities are focussed around the forest products industry. The acquisition of ISO gives Qube greater exposure to  new markets and product sectors.