A Travers Smith team led by firm senior partner Chris Hale and senior corporate associate Adam Orr has advised management on the acquisition of Nets Holding A/S. Advent International Corp., Bain Capital LLC and Danish pension fund ATP have agreed to buy the Nordic card-payment business for 17 billion kroner ($3.1 billion).
Chicago, IL-- Paul Hastings LLP, a leading global law firm, represented an affiliate of private equity firm Pfingsten Partners in its sale of Curt Manufacturing, a manufacturer, importer, and distributor of towing system product, to Audax Private Equity.
Terms of the transaction are undisclosed.
Private Equity partner Brian Richards and of counsel Kimberly Smith led the Paul Hastings team, which also included Tax partner Ziemowit Smulkowski and corporate associate Mark Samartino.
Clifford Chance has advised Chequers Capital, a European financial investor based in Paris (France), on the sale of DTK Deutsche Telekabel Group, Frankfurt am Main (Germany), to PrimaCom, Leipzig (Germany). The transaction is subject to the approval by the clearance authorities.
Chequers Capital owns a majority stake in DTK Deutsche Telekabel's parent company ACN Telekabel Holding GmbH.
Davis Polk is advising MSCI Inc. in connection with the $364 million sale of Institutional Shareholder Services Inc., a wholly owned subsidiary of MSCI, to Vestar Capital Partners. The transaction, which is subject to customary closing conditions, is expected to close within the next three months.
Simpson Thacher is representing Tyco (NYSE: TYC) in connection with its definitive agreement to sell Tyco Fire & Security Services Korea Co. and its subsidiaries, ADT Caps Co., Ltd., Capstec Co., Ltd. and ADT Security Co., Ltd., (combined “ADT Korea”) to The Carlyle Group, in a cash transaction valued at approximately $1.93 billion. The transaction is expected to close in Tyco's fiscal third quarter of 2014 and is subject to customary closing conditions including required regulatory approval.
Clyde & Co LLP successfully advised on the sale of Millennium Offshore Services Superholdings LLC (MOS Superholdings) to HM MOS International Limited.
MOS Superholdings is a leading global provider of large scale offshore jack-up accommodation service vessels (ASVs) in the Middle East and North Africa (MENA) and Asia-Pacific regions. The principal investors in HM MOS International Limited include, amongst others, a GCC sovereign wealth fund, MENA regional family offices and MENA regional high net worth individuals.
Slaughter and May, working as a team with Hengeler Mueller, is advising RWE AG ('RWE'), one of Europe’s five leading electricity and gas companies, on arrangements with LetterOne Group for the sale of RWE Dea AG for an enterprise value of approximately EUR 5.1 billion.
The transaction, which was announced on 16 March 2014, is subject to final documentation, RWE Supervisory Board approval and regulatory approval in various jurisdictions.
Simpson Thacher is representing Catalina Marketing Corporation and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with the announced agreement whereby investment fund affiliates of Berkshire Partners LLC will acquire Catalina. In connection with the transaction, investment funds affiliated with Hellman & Friedman will retain a minority stake in Catalina. The transaction is subject to customary closing conditions, including receipt of regulatory approvals.
Debevoise & Plimpton LLP is advising the Traxys Group, a physical metals and minerals commodity merchant, logistics and trading firm, in the agreement to sell of a majority interest in Traxys to The Carlyle Group and affiliates of Louis M. Bacon, the founder, Chairman, Chief Executive Officer and principal investment manager of Moore Capital Management, LP. The transaction is subject to customary closing conditions including required regulatory approvals and is expected to close in the third quarter of 2014. Carlyle, Mr.
Eversheds has advised long standing client Brady Corporation, a leading global provider of precision engineered components on the sale of their Asian and European Die-Cut business to US based Boyd Corporation.
New York Stock Exchange-listed Brady announced last May that the die-cut operations no longer fit with the company’s overall strategy, and the disposal allows Brady to focus on its Identification Solutions and Workplace Safety businesses.