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M&A: Seller's Counsel

NCTM Studio Legale Associato with IBF shareholders in the sale of a majority stake to Tubacex

10 Nov 2014

NCTM Studio Legale Associato has assisted the shareholders of IBF S.p.A., company active in the production of pipes and steel fittings for the oil&gas, petrochemical and nuclear power area, in the agreement with the Spanish multinational Tubacex, a Madrid Stock Exchange listed company active in the production and delivery of pipes for the Oil&Gas, petrochemical and power generation area, for the sale of a majority stake in the company.

NCTM has followed the operation with a team led by Paolo Gallarati, equity partner, assisted by Michele Motta, salary partner.

Crestview Portfolio Company to Be Acquired by Cott for $1.25 Billion

10 Nov 2014

Paul, Weiss client DS Services Holdings, Inc., a portfolio company of Crestview Partners, announced that its parent company, DSS Group, Inc. has entered into a definitive merger agreement to be acquired by Cott Corporation for approximately $1.25 billion, including the assumption of debt and the issuance of preferred shares to Crestview Partners and other selling shareholders. The transaction is expected to close by the end of January 2015.

Debevoise Advises AXA in the sale of its mandatory pension business to the Principal Financial Group in Hong Kong for approximately $335 million

10 Nov 2014

A Debevoise team from the Hong Kong, New York and London offices of Debevoise & Plimpton LLP is advising AXA in its agreement with The Principal Financial Group (“The Principal”) to sell AXA’s Mandatory Provident Fund (MPF) and Occupational Retirement Schemes Ordinance (ORSO) business in Hong Kong.

In conjunction, The Principal will enter into a 15-year exclusive distribution agreement with AXA proprietary networks in Hong Kong for relevant MPF and ORSO mandatory schemes. The total cash consideration is approximately $335 million.

Mills & Reeve advises on US$3bn acquisition

10 Nov 2014

Mills & Reeve are advising Columbus International Inc and its shareholders on the sale of Columbus to Cable & Wireless Communications plc.

Columbus is a privately-owned diversified telecommunications company with operations in the Caribbean, Central America and the Andean region. Cable & Wireless has agreed to pay approximately US$1.85 billion for Columbus and will also assume Columbus’s existing net debt of approximately US$1.17 billion.

White & Case Advises Consorcio Comex on US$2.3 Billion Sale of Comex Mexico to PPG Industries

07 Nov 2014

White & Case LLP represented Consorcio Comex and its shareholders in the US$2.3 billion acquisition of Comex Mexico by PPG Industries, Inc. The deal is the largest M&A transaction this year in Mexico.

The transaction was first announced in June and finalized on November 5, 2014 following regulatory approval from Mexico’s Federal Economic Competition Commission.

Freshfields advises on the sale of Columbus International Inc to Cable & Wireless Communications plc

07 Nov 2014

Freshfields Bruckhaus Deringer is advising Columbus International Inc and its shareholders on the sale of Columbus to Cable & Wireless Communications plc.

Columbus is a privately-owned diversified telecommunications company with operations in the Caribbean, Central America and the Andean region.

White & Case Advises Vendor on Acquisition of Gammarad Italia by Sterigenics International

07 Nov 2014

White & Case LLP has advised the vendor on the sale of the entire share capital of Gammarad Italia S.p.A. to Sterigenics International LLC.

Gammarad is a leading Italian company providing irradiation services. Sterigenics International LLC is a leading global provider in the fields of industrial sterilization and medical isotopes.

The White & Case team in Milan which advised on the transaction included partners Ferigo Foscari and Iacopo Canino and associate Alessandro Seganfreddo.

Linklaters advised as Eggborough power station acquired by Czech energy group

07 Nov 2014

Linklaters acted for the shareholders of Eggborough Power Limited, which owns the 2GW Eggborough Power Station located in Yorkshire, England, on its sale to Energetický a prumyslový holding (EPH), a leading Central European energy group operating mainly in the Czech Republic, Slovakia and Germany. Transaction completion is subject to approval by the European Commission.

Transaction Network Services Agrees to Sell its Payment Gateway Services Business to MasterCard

07 Nov 2014

Simpson Thacher is representing Transaction Network Services, Inc. (“TNS”) in the sale of its Payment Gateway Services business to MasterCard Incorporated.  Terms of the transaction were not disclosed.

Founded in 1990, TNS’ global expertise extends to more than 60 countries across Europe, the Americas and the Asia Pacific regions. TNS has been a trusted provider to the payments industry for more than 20 years. The TNS Payment Gateway Services business provides card-present and card-not-present payment gateways.