AAK has divested its biolubricants business, Binol, to Quaker Chemical, a leading global provider of process fluids and chemical specialties. AAK’s Binol business is a leading provider of vegetable-based biolubricants to the metal working, sawmill, and forestry and construction industries in the Nordic countries with annual net sales of approximately SEK 100 million and around 20 employees.
DLA Piper represented iSocket, an advertising technology platform, in its recent acquisition by The Rubicon Project, an advertising automation firm.
The Silicon Valley-based DLA Piper team representing iSocket was led by partner Bradley Gersich and associate Alina Azizian, both members of the firm’s Corporate and Finance practice, with support from partners James Telfer (San Francisco) and Stacy Paz, and associates Ena Patel and Lily Kim.
Heuking Kühn Lüer Wojtek advised the funds advised by AUCTUS Capital Partners AG and their co-shareholders on the sale of PROCON group. Wiesbaden-based PROCON group operates 15 senior citizens' residences in Germany with more than 2,300 nursing beds and 126 apartments for assisted living.
Vinge has advised the sellers, which included Patrick Hannell and Pelle Törnberg, in connection with the sale of Bygghemma Intressenter AB to Nordstjernan Investment AB. Bygghemma is the Nordic region’s leading e-commerce company offering home improvement and home furnishing products. During the last few years, Bygghemma has demonstrated substantial growth and this year’s turnover will be approximately SEK 1.3 billion. Nordstjernan is an investment company controlled by the Ax:son Johnson family. Bygghemma’s management will remain as owners.
Eversheds has acted as international counsel to Chemtura on the sale of its agrochemicals business Chemtura AgroSolutions, to Platform Specialty Products Corporation, a global specialty chemicals company. The sale consists of $950 million in cash and 2 million shares of Platform's common stock.
The sale, which is a result of Chemtura’s objective to transform the business into a leading industrial chemicals specialist, completed on 3 November 2014.
We advised the owners of Med Group Oy in the sale of majority of Med Group Oy to Adelis Equity Partners Fund I.
Med Group is one of the fastest growing healthcare service provides in Finland. The company, founded in 2007, has a turnover of approximately 50 million euros and employes approximately 800 persons and it serves both private and public sector.
The Borenius team was led by Partner Johannes Piha. The other team members were Senior Associate Erik Stenman, Specialist Partner Heikki Wahlroos, Associate Antto Saarenmaa and Associate Laura-Maria Lindstrom.
Kungsleden divests 65 per cent of Nordic Modular Group to Inter IKEA Investments with a sales price equal to a valuation of the entire company of SEK 1.3 billion. The transaction is subject to approval by the Swedish Competition Authority and is expected to close in January 2015.
Stampen Media Partner has agreed to divest Stampen Sports Media to Traveas. The sale is part of Stampen’s decision to focus on target markets and core businesses. The transaction is expected to be completed in December 2014.
Stampen Sports Media’s brands include SvenskaFans.com, FanTV.se, Golfing.se and SvenskaRaceFans.com, reaching approximately 350,000 unique visitors per week through websites and mobile applications. Traveas is a media partner to the Swedish and Norwegian Golf Federation and the Swedish Tennis Association.
Hengeler Mueller advises WMF on sale of Alfi WMF AG decided to sell its subsidiary Alfi GmbH to Thermos group, one of the world's leading manufacturer of portable insulated food and beverage containers. The two parties have agreed not to disclose the purchase price.
Macfarlanes has advised iNTERTAIN, parent company of the Australian-themed pub chain Walkabout, on its sale to Better Capital in a deal worth £20m.
iNTERTAIN was formed in October 2009 to acquire the prime trading assets previously owned and operated by Regent Inns Plc. It operates a chain of 32 bars across the UK, trading principally under the Walkabout brand.
This transaction was led by Corporate and M&A partner Alex Edmondson.