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M&A: Seller's Counsel

CMS brings sale of Uckermärker Milch GmbH to successful conclusion

26 Sep 2014

With effect from 1 January 2015, there will be a change in the shareholder structure of Uckermärker Milch GmbH, a medium-size dairy processor based in Prenzlau. The Swiss HOCHDORF Group is acquiring 60% of the shares, which are currently held by two regional and one Polish dairy producers/processors. 40% of the shares will remain with Ostmilch Handels GmbH, which is an existing shareholder. HOCHDORF is in turn taking a 26% stake in the Ostmilch Group. The transactions are currently awaiting approval from the competition authorities and are subject to the usual closing conditions.

Mayer Brown represents The Jordan Company and Pro Mach in sale of Pro Mach to AEA Investors

25 Sep 2014

Mayer Brown represented private equity firm The Jordan Company and packaging equipment company Pro Mach Inc. on The Jordan Company’s sale of Pro Mach to affiliates of private equity firm AEA Investors LP. Pro Mach is a leading manufacturer of integrated packaging and processing equipment solutions, and provider of training, installation, parts, and service for customers worldwide.

King & Wood Mallesons SJ Berwin advises Parquest Capital on the sale of FDI to Webhelp

23 Sep 2014

King & Wood Mallesons SJ Berwin advised Parquest Capital on the sale of FDI to Webhelp, one of the European leaders in customer relationship management services.

Created in 2002, Parquest Capital (formerly known as ING Parcom Private Equity) is an independent investment firm with a well-established franchise on the French mid-market segment.

Created more than 30 years ago in Chambery (France), FDI is a payment institution dedicated to international credit management, with a portfolio of over 300 customers mainly in the fashion and luxury goods sector.

Mayer Brown represents ArcelorMittal and Gerdau in $770M sale of Gallatin Steel Company to Nucor Corporation

22 Sep 2014

Mayer Brown represented multinational steel manufacturing corporations ArcelorMittal and Gerdau in the sale of their respective 50% interests in Gallatin Steel Company to Nucor Corporation for $770 million. Kentucky-based Gallatin Steel Company is a flat rolled mini-mill that melts scrap, pig iron and hot briquetted iron from various sources and processes the material to produce flat rolled steel.

CMS successfully advises on sale of Dresden-based specialist machine manufacturer KAMA

19 Sep 2014

Wachstumsfonds Mittelstand Sachsen GmbH & Co. KG ("WMS") and members of the management team have sold 65% of their shares in KAMA GmbH ("KAMA") to ARCUS Capital AG ("ARCUS"). The two chief executives of the print finishing firm, Steffen Pieper and Marcus Tralau, together retain a 35% shareholding in KAMA.

A team led by lead partner Dr Jörg Lips advised the sellers on all aspects of the transaction from the start.

Kirkland & Ellis Represents TriZetto in $2.7 Billion Sale to Cognizant Technology Solutions

18 Sep 2014

Kirkland & Ellis LLP advises The TriZetto Corporation, a provider of world-class healthcare information technology and service solutions owned by Apax Partners, which announced today that it has agreed to sell its majority ownership stake of TriZetto to Cognizant Technology Solutions Corp. for $2.7 billion in cash. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the fourth quarter of 2014.

BLP advises Delek Group on the sale of holdings in Roadchef

17 Sep 2014

Berwin Leighton Paisner (BLP) is advising MSA Acquisitions Co. Limited (a wholly owned subsidiary of the Israeli-listed Delek Group) in relation to the sale of all of its holdings in Roadchef, one of the largest motorway services operators in the UK, to Antin Infrastructure Partners (an infrastructure fund with significant interests in France and the UK), for cash consideration of £153m.

The share purchase agreement was signed on 11 September 2014 and the deal is expected to close at the end of September 2014.

TRW Automotive's Proposed $13.5 Billion Sale to ZF

17 Sep 2014

Simpson Thacher is representing TRW Automotive Holdings Corp. (NYSE: TRW) in connection with its proposed sale to ZF Friedrichshafen AG ("ZF"). Under the terms of the transaction, ZF will acquire all of the outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at approximately $13.5 billion on an enterprise value basis. The transaction, which is expected to close in the first half of 2015, is subject to stockholder and regulatory approvals and other customary closing conditions.