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M&A: Seller's Counsel

Baker & McKenzie Advises EQT on Sale of Taiwan-based Gala TV

14 Aug 2014

Baker & McKenzie recently advised EQT Partners, in their capacity as investment advisor to EQT Greater China II ("EQT"), on the sale of Gala TV Corporation ("Gala TV"), one of the leading cable TV channel operators in Taiwan to Yung Tsai Investment Co. Ltd. EQT had acquired Gala TV in 2011.

Gala TV was established in 1997 and operates four cable TV channels in Taiwan, offering a mixture of in-house produced, commissioned and acquired content.

Clifford Chance advises Strategic Value Partners on the sale of PVC manufacturer Vestolit

13 Aug 2014

Clifford Chance advised investment funds managed by Strategic Value Partners LLC, Greenwich, Connecticut/USA, on the sale of Vestolit Group, Marl, to Mexican chemicals company Mexichem. The transaction is subject to approval from the antitrust authorities. The purchase price amounts to EUR 219 million.

Osborne Clarke advises Synchronite on acquisition by LivePerson

12 Aug 2014

LivePerson, Inc., a leading provider of live digital engagement solutions, acquires Germany-based start-up Synchronite, a leading provider of co-browsing technology

Integrating the co-browsing technology to LivePerson's platform will enhance the real-time dialogue between businesses and customers, for example via video chats. It enables a couple of users to access the same web view simultaneously. Synchronite had been founded in 2008 by Christian Thum and Stefan Seedorf.

Osborne Clarke advises F+E Fischer on acquisition by B/E Aerospace

11 Aug 2014

B/E Aerospace, Inc. has acquired the aerospace manufacturer F+E Fischer + Entwicklungen GmbH & Co. KG. Through this strategic step, B/E Aerospace intends to realize substantial engineering, manufacturing and marketing synergies. The transaction has already closed.

B/E Aerospace is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading provider of aerospace fasteners, consumables and logistics services. The company designs, develops and manufactures a broad range of products for both commercial aircraft and business jets.

Herbert Smith Freehills advises Roc Oil on takeover bid from Fosun

11 Aug 2014

Herbert Smith Freehills is advising Roc Oil Company Limited (Roc Oil) on all aspects of its proposed takeover by Fosun International Limited (Fosun) valued at approximately A$474 million.

Roc Oil has entered into a bid implementation agreement with Fosun under which Fosun has agreed to make an off-market takeover bid for Roc Oil at A$0.69 cash per share.

The deal is being led by Herbert Smith Freehills partners Tony Damian and Robert Merrick and supported by senior associate Li-Lian Yeo and graduate lawyer Amelia Morgan.

Hogan Lovells Advises on Blizoo Macedonia Disposal

08 Aug 2014

Hogan Lovells has advised on the sale of Macedonian cable operator Blizoo, a portfolio company of EQT, to Telekom Austria. Swedish private equity firm EQT created Blizoo in 2009. It now has 10 million euros in annual revenues and 63,000 subscribers. The acquisition will allow Telekom Austria to offer fixed-line broadband and television services bundled with its current mobile offering in the region.

The Hogan Lovells team advising was led by London private equity partner Ed Harris, supported by senior associate Leanne Moezi and associate Oliver Vallée.

Olswang advises on sale of the Searcy’s Group to Westbury Street Holdings Limited

06 Aug 2014

International law firm Olswang has advised the holding company of Searcy Tansley & Company on its sale to the trade purchaser Westbury Street Holdings Limited.

The iconic Searcys, established in 1847, is one of the UK's best known and most established high end restaurant and catering groups which operates restaurants such as the site at the top of London's 'Gherkin' and premium champagne bars at Kings Cross St Pancras and the London Westfield stores. Searcys also caters to public visitor attractions such as the Pump House in Bath and Blenheim Palace.

Allen & Overy advises Exact at the sale of Exact Software Deutschland GmbH to Sage

04 Aug 2014

Allen & Overy LLP has advised Exact Group B.V., Delft, the Netherlands, at the sale of all shares in Exact Software Deutschland GmbH, a provider of payroll solutions, to Sage Software GmbH.

The transaction is conditional upon the approval of the German Federal Cartel Office.

The sale was made in form of an auction which several bidders have participated in.

Burges Salmon advises Principality Building Society on sale of Peter Alan estate agency

04 Aug 2014

Burges Salmon has advised Principality Building Society on the sale of its estate agency business Peter Alan to the Connells Group for more than £16 million.

A cross-firm team, led by partner Rupert Weston and senior associate Tim Roberts, and comprising members of the firm’s Corporate, Commercial and Real Estate teams, advised Principality Building Society on the sale which concluded on Wednesday 30 July 2014.

Eversheds advises Simplify Group on sale of a majority stake to Palamon

04 Aug 2014

Law firm Eversheds has advised the shareholders and management of Simplify Group on the agreed sale of a majority stake to private equity house Palamon Capital Partners. The Simplify Group is a newly branded legal services group comprising Move with Us, DC Law and Chorus Law, which have combined turnover of approximately £60 million.