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M&A: Seller's Counsel

Flybe Group Plc: Sale of Shares in Flybe Nordic AB

01 Dec 2014

We advised British airline Flybe Group Plc in the sale of its shares in Flybe Nordic AB to Finnair Plc. The completion of the transaction is subject to regulatory approval from the competition authorities.

We were also Flybe’s advisor in 2011 when Flybe and Finnair founded the Flybe Nordic joint venture in connection with the acquisition of Finnish Commuter Airlines.

Our team included Partner Jan Kuhlefelt, Counsel Joni Painilainen and Associate Benjamin Bade from our M&A practice.

Mercer to acquire SCM Strategic Capital Management AG

28 Nov 2014

Mercer and SCM Strategic Capital Management AG ("SCM") have announced that, Mercer and SCM's shareholders entered into an agreement for the acquisition of SCM by Mercer. The transaction is subject to regulatory approvals. SCM is a specialized Swiss investment advisor for institutional investors and focuses on investments in private equity, real estate and infrastructure.

Hannes Snellman counsel to Valedo on its divestment of Perten Instruments

27 Nov 2014

Hannes Snellman acted as counsel to Valedo on its divestment of Perten Instruments to PerkinElmer. Perten Instruments is a leading supplier of advanced analytical instruments for quality control of food, grain, flour and feed.

Our core team included: Jan Jensen, Peter Forsberg, Shoan Panahi, Patrik Erblad and Xandra Carlsson.

Nabarro acts for Kish Holdings Limited on sale of Kish One Limited, owner of the Daily Telegraph HQ, for £206 million

26 Nov 2014

Nabarro has acted for Kish Holdings Limited, which was advised by Green Property, in relation to the sale of the whole of the issued share capital of Kish One Limited for over £206 million. Kish One is the owner of 111 Buckingham Palace Road, the Headquarters of the Telegraph Media Group, publishers of the Daily Telegraph and the Sunday Telegraph.

Reynolds Group Holdings Limited (Reynolds Group) - sale of the SIG Combibloc business

26 Nov 2014

Slaughter and May is advising Reynolds Group on the sale of the SIG Combibloc business to Onex Corporation for an aggregate amount of up to EUR 3.750 billion, subject to adjustments for cash and working capital.

EUR 3.575 billion will be paid to Reynolds Group upon completion of the transaction, with an additional amount of up to EUR 175 million payable depending on the financial performance of the SIG Combibloc business in 2015 and 2016.

Clifford Chance advises Salamander Energy on recommended offer from Ophir

26 Nov 2014

Clifford Chance has advised Salamander Energy plc, a South East Asia-focused independent oil and gas exploration and production company listed on the main market of the London Stock Exchange, on its recommended offer from Ophir Energy plc. Ophir Energy is a UK listed oil and gas group with interests in Africa.

Under the terms of the offer, Ophir has offered 0.5719 of its own shares for each Salamander share, valuing Salamander at an indicative value of approximately £314 million.

Evolva acquires Allylix

26 Nov 2014

Evolva Holding AG (SIX: EVE) has announced the acquisition of Allylix, Inc., a yeast fermentation company with a focus on high-value ingredients, based in San Diego, USA, through a share for share exchange transaction with a deal value of approx. CHF 60 mio. The new Evolva shares are expected to be admitted to trading on the SIX Swiss Exchange by mid-December 2014.

LETT assists in the sale of feedstuffs company Nielsen & Smith A/S

25 Nov 2014

LETT has assisted the selling foundation, K. Juby Smiths Legat, in selling the feedstuffs company Nielsen & Smith A/S to a Danish consortium headed by R2 Agro A/S.

Nielsen & Smith A/S, whose head office is in the Copenhagen district of Glostrup, was founded by the merchant K. Juby Smith in 1928. The two former members of the Executive Board have both been with the company for 50 years.