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M&A: Seller's Counsel

DLA Piper advises CGI Windows & Doors Holdings, Inc. in US$111 million deal with PGT, Inc.

31 Jul 2014

DLA Piper represented CGI Windows & Doors Holdings, Inc. (CGI), a portfolio company of Cortec Group Fund IV, LP and a premier manufacturer of hurricane-impact-resistant windows and doors, in the sale of its business to PGT, Inc. (NYSE: PGTI), a leading manufacturer and supplier of residential impact-resistant windows and doors. The transaction is expected to close in September of 2014, subject to customary closing conditions.

Clifford Chance advises The Carlyle Group on the sale of ADA Cosmetics to Ardian

31 Jul 2014

Clifford Chance has advised U.S. private equity investor The Carlyle Group on the sale of ADA Cosmetics, Kehl (Germany), to private investment company Ardian.

ADA Cosmetics is a global manufacturer of premium hotel cosmetic products. The Carlyle Group started its investment in ADA in 2011. Today, the company employs around 300 people and supplies about 15,000 customers around the world with its products. In 2012, ADA generated a turnover of EUR 50 million.

Osborne Clarke advises on LDC's £127m Penn Pharma disposal

30 Jul 2014

International law firm, Osborne Clarke has advised longstanding client LDC together with the Management Team on the sale of Penn Pharma in a transaction worth £127m.

LDC is the UK's leading regional mid-market private equity house. It first invested in Penn Pharma back in 2007. The deal saw Penn sold to PCI, a leading pharmaceutical packaging company based in Philadelphia.

The Osborne Clarke team advising LDC was led by Private Equity Partner Alisdair Livingstone and assisted by Senior Associates Chris Yeo and Caroline Drummond.

King & Wood Mallesons SJ Berwin advises Aeria Games & Entertainment / PlayNext on sale of Aeria Games Europe to ProSiebenSat.1

28 Jul 2014

Aeria Games & Entertainment, Inc., located in California (USA), has sold its worldwide PC games business including its subsidiary Aeria Games Europe GmbH to ProSiebenSat.1 Games, a subsidiary of ProSiebenSat.1 Group and leading games publisher.

Aeria Games & Entertainment, Inc., recently rebranded as PlayNext, was founded in Silicon Valley in 2006. It forms part of the PlayNext Group with offices in the USA, Brazil, Japan and Korea. The German branch in Berlin with 190 employees was opened in 2008.

Bingham Assists Oculus VR on $2B Facebook Deal Closing

28 Jul 2014

A Bingham team led by partner Andrew Ray represented Oculus VR as it closed its sale to Facebook for approximately $2 billion. Oculus VR is the leader in immersive virtual reality technology and has built strong interest among developers, having received more than 75,000 orders for development kits for its virtual reality headset, the Oculus Rift. Facebook plans to extend Oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education, and other areas.

King & Wood Mallesons SJ Berwin advises Qualium Investissement on the sale of DGF to 21 Centrale Partners, and Capzanine on the related mezzanine financing

25 Jul 2014

King & Wood Mallesons SJ Berwin advised Qualium Investissement on the sale of its majority stake in DGF group to 21 Centrale Partners. The firm also advised Capzanine on the related mezzanine financing.

21 Centrale Partners will become DGF’s majority shareholder alongside the management led by CEO Bruno Rouxel, after purchasing the stake of Qualium Investissement and other minority shareholders who have owned the group since 2008. The closing of this operation is subject to the approval of the Competition Authority.

Hogan Lovells Advises on Sale of Halcyon Relocation Limited

24 Jul 2014

Hogan Lovells has advised the Sellers, Rupert Morley and Jeremy Beglin, on the sale of Halcyon Relocation Limited to UniGroup Worldwide UK Limited.

Halcyon Relocation Limited is the parent company of the Sterling Group, Europe's largest independent moving and relocation group.  The Sterling Group offers relocation services to some of the world’s leading companies including major investment banks and professional services firms and has offices in the UK, France, Germany, Switzerland, Spain, Asia and the USA.