Railpool Group has a new owner. Funds advised by Oaktree Capital Management, L.P. acquired all the shares in Railpool GmbH and Railpool Holding GmbH & Co. KG (referred to jointly as “Railpool”) from HSH Nordbank AG and KfW IPEX-Bank GmbH on 9 May. The purchase price was not disclosed.
Macfarlanes has advised Alchemy Investment Plan on the sale of its portfolio company, London-based fibre provider Geo Networks to Zayo Group, a US-based, international provider of bandwidth infrastructure.
Trowers & Hamlins acted for the shareholders of specialist mixed-use regeneration developer Cathedral Group (Holdings) Ltd on the sale of Cathedral to Development Securities PLC, the FTSE-listed property developer.
Ince & Co is advising PVM Oil Associates (PVM), a leading independent broker of oil instruments on its corporate sale to Tullett Prebon plc, a leading inter-dealer broker and London Stock Exchange listed company.
Tullett Prebon announced that it reached an agreement to acquire PVM and its subsidiaries for a consideration of US$160.0 million (£94.4 million) on May 9, 2014.
Macfarlanes has advised leading UK mid-market private equity specialist Graphite Capital on the sale of Education Personnel, the largest supply of teacher and education support staff to schools in England and Wales, to its management team in a buy-out backed by ICG.
Nabarro has advised long-standing client, Oriel Securities on its proposed sale to Stifel Financial Corp., the US listed financial services group. The transaction involves a mix of cash and share consideration of an undisclosed sum. The Nabarro team began work with Oriel shortly after its formation over a decade ago during which time there have been various financing and other transactions as well as numerous advisory mandates acting for Oriel as adviser/broker.
Speechly Bircham has advised the management shareholders on the sale of a majority interest in Longview Partners, the specialist asset management firm, to Northill Capital (subject to regulatory approval).
Clifford Chance has advised i:FAO AG, Frankfurt am Main, on the voluntary public takeover offer by a company of the Amadeus Group, Madrid.
The Chief Executive Officer and largest shareholder of i:FAO as well as further major shareholders have agreed to tender their shares. Amadeus thus has ensured acceptance of the offer by 68.5 percent of i:FAO's share capital. The acquisition is subject to approval by the antitrust authorities.
Herbert Smith Freehills has advised the United Spirits Group (USL) in relation to its £430 million sale of Whyte & Mackay Group Limited (Whyte & Mackay) to Emperador UK Limited, a subsidiary of Emperador Inc., the leading Philippines based integrated manufacturer and distributor of brandy and other alcoholic beverages. The deal was signed and announced on 9 May 2014.
Stephenson Harwood LLP has advised Baker Tilly, on the sale of its private client financial management business,to Towry - a wealth advice firm.