Borenius advised Paroc Group Oy (”Paroc”) and its owners in the sale of Paroc to the Funds advised by CVC Capital Partners for an Enterprise Value of approximately EUR 700 million.
Momondo Group, the owner of UK travel website Cheapflights.com, has received a £80m cash boost from Boston-based private equity fund Great Hill Partners to expand the group's international business.
A team from Dechert LLP, the international law firm, led by corporate partner Graham Defries, acted for Momondo, advising its shareholders on the sale the controlling stake to Great Hill Partners.
The transaction values Momondo at £133 million.
Clifford Chance has advised Asia Strategic MedTech Holdings, a 3i portfolio company, on the sale of LHi Technology for US$195 million to US-based Carlisle Companies Incorporated.
Watson, Farley & Williams has advised British investment fund, Glennmont Partners (formerly BNPP Clean Energy Partners) in connection with the purchase and financing of two wind farms which were acquired from the Italian developer, Sorgenia.
The two firms which are situated in Frencq (Nord-Pas-de-Calais) and Fresnoy-Folny (Haute-Normandie)have a total output capacity of approximately 22.5 MW. UniCredit Bank AG and Crédit Industriel et Commercial SA acted as arrangers and lenders.
Davis Polk is advising Telecom Italia S.p.A. on the amendment and restatement of the terms of its $960 million sale of its entire controlling interest in Telecom Argentina to Fintech Telecom LLC, an affiliate of Fintech Advisory, Inc.
Telecom Italia is Italy’s largest telecommunications company, with operations in Italy and Brazil, and is also involved in the media and manufacturing industries. Telecom Argentina is the major local telecommunications company for the northern part of Argentina, including the city of Buenos Aires.
Milbank, advised Douglas Holding AG and its parent company AI Beauty & Cy SCA on the sale of CHRIST jewellery stores to the financial investor 3i.
CHRIST ranks among Germany's leading jewellery and watch retailers with a nationwide market presence and strong brand recognition. The company now operates 220 stores throughout Germany as well as its own online shop. In the financial year 2013/2014 CHRIST recorded revenues of approx. EUR 400 million.
A Travers Smith team led by the head of the private equity group Paul Dolman and senior associate Adam Orr, has advised management on the sale of the Gorkana Group. Gorkana is a leading media information provider offering PR and marketing professionals access to customised media intelligence. Cision has bought the top U.K.-based media intelligence and data insights service provider, through its parent, Discovery Group Holdings Limited.
VR Equitypartner GmbH and Süd Beteiligungen GmbH have sold their shareholdings in CleanCar AG, located in Meerbusch by Düsseldorf, to the Munich-based Holler Foundation.
CleanCar AG operates a total of 27 high-performance full-service car washes along with petrol stations in Germany and Austria that also offer additional services such as vehicle interior cleaning and oil change. For the business year 2012/2013, the company, founded in 1986, had an annual turnover of approx. 130 million euros.
A Macfarlanes team has advised private equity firm Exponent and other selling shareholders on the sale of UK-based media intelligence and data insights market leader Gorkana Group to US-based, provider of PR software, Cision.
The Gorkana Group was created when Exponent acquired Durrants in 2006. Since then, the business has grown both organically and through further acquisitions, adding Metrica in 2009 and Gorkana in 2010.
Macfarlanes has advised the selling shareholders of Paroc Group, the leading producer of stone wool insulation in the Nordic and Baltic regions, on its sale to CVC Capital Partners for an enterprise value of approximately €700m.
Headquartered in Helsinki, the Paroc Group has approximately 2,100 employees and a pan-European sales presence, with manufacturing facilities in Finland, Poland, Lithuania, Sweden and Russia.
The Macfarlanes team was led by corporate M&A partners Stephen Drewitt and Howard Corney.