Slaughter and May advised on the sale by AMF Bowling Holdings Limited (AMF Bowling) and private equity investors CBPE Capital LLP of The Original Bowling Company (TOBC) to Electra Partners LLP, with total funding for the deal amounting to £91 million. TOBC is the largest UK ten-pin bowling operator with 43 bowling centres under the 'Hollywood Bowl' and 'AMF' brands.
A Travers Smith team led by private equity partner James Renahan and senior associate Matthew Kichenside have advised management on the sale of Keepmoat. Sun Capital and TDR Capital have agreed to buy the Doncaster-based homebuilder and provider of social housing for a reported £400 million. Completion is expected to occur by the end of November 2014 and is subject to regulatory clearances.
White & Case represented private equity firm Nordic Capital Fund VI on the sale of a majority stake in Nefab Packaging AB to the Nordgren/Pihl family, the original founders and currently co-owners of Nefab. Nefab delivers complete packaging solutions to international industrial groups, with a focus on the Telecom, Energy, Aerospace, Vehicles and Healthcare Equipment industries.
A Travers Smith team, led by real estate partner Simon Rutman and corporate partner Edmund Reed, has advised Patron Capital, the pan-European institutional investor focused on property-backed investments, on the sale of Gracewell Healthcare. The company and its portfolio of 11 seniors housing communities was acquired for £153 million by Health Care REIT (NYSE: HCN), an Ohio-headquartered real estate trust, which invests across the spectrum of senior housing and health care real estate.
Baker & McKenzie represented Bemis Company, Inc. in the recently announced sale of its global Pressure Sensitive Materials business to Platinum Equity for a purchase price of US$170 million.
The Leeds office of law firm Irwin Mitchell has advised Christal Management, a specialist construction project management consultancy, on its sale to EC Harris.
Christal Management, which is based in Manchester and Paisley, will expand EC Harris’ capacity to meet increasing client demand in the North West of England and Scotland particularly in the retail, stadia and urban regeneration sectors.
Clifford Chance has advised palero invest on the sale of its portfolio company Bandfix AG to CCL Industries Inc., the Canadian global market leader in the label industry.
Bandfix AG is a Switzerland based supplier of high quality and innovative labeling solutions with annual sales of approximately 40 million Swiss Francs. The company supplies a large number of renowned customers from cosmetics, body care, food, beverage, chemical-technical products, logistics, marking industries as well as from the watch industry.
Macfarlanes has advised integrated marketing communications group The Engine Group (Engine) on its sale to a portfolio company of private equity firm Lake Capital.
Engine will become part of a larger group including ORC International and potentially another Lake Capital investment Trailer Park. The combined businesses would have revenues of around $400m.
Charles Russell has advised the senior management of Moneycorp in relation to the £212 million acquisition of Moneycorp by private equity house Bridgepoint from RBS Special Opportunities Fund (SOF).
Slaughter and May is advising Standard Life plc (Standard life), a leading provider of long-term savings and investments, on English law aspects of the proposed disposal of its Canadian business, the related Class 1 shareholder approval and its expected return of capital (circa £1.75 billion) to shareholders by way of a B/C share scheme following completion of the transaction.