Dentons is pleased to announce that it has acted for the Management Team of Marlin Financial Group (Marlin) on its secondary buyout for £295 million which completed on 10 February 2014.

Marlin was backed by private equity house Duke Street which sold its stake to Cabot Credit Management (Cabot), which is backed by JCFlowers and Encore Group.

Nicholas Plant, partner and head of Dentons' private equity practice in the UK and Africa, said: "We are delighted to have acted for the management team on what was a very competitive auction and a fantastic deal for them."

King & Wood Mallesons SJ Berwin advised Euroventures III, a fund led by CEE based private equity firm Euroventures, on the sale of IND Group, a digital banking technology specialist, to Misys for an undisclosed amount.

Euroventures is one of the longest-established and leading independent private equity firms in Central Europe. The firm invests in private companies in innovative industries, with the goal of helping management teams build their businesses into regional companies.

King & Wood Mallesons SJ Berwin has advised Duke Street on the sale of its controlling stake in leading UK debt purchaser, Marlin Financial Group (Marlin), to Cabot Credit Management (CCM) in a deal which values the company at £295 million.

Founded in 1988, Duke Street is a leading mid-market private equity group that specialises in leveraged buyout and growth capital investments in sectors including consumer, business services, healthcare and financial services.

Slaughter and May advised 4imprint Group plc ('4imprint') on the sale of SPS for £7.25 million in cash to a newly incorporated company controlled by SPS senior management, backed by Maven Capital Partners.

The sale, which completed on 10 February 2014, is consistent with 4imprint's strategy of focusing its resources on continued organic growth of the 4imprint Direct Marketing business.

Herbert Smith Freehills has advised the founding shareholders on their sale of Emerald Agribusiness Group Pty Ltd and its 50% stake in Emerald Grain to their Japanese joint venture partner Sumitomo Corporation.

Prior to the transaction, the Sumitomo Corporation held a 50% interest in Emerald Grain. Post-sale, Emerald Grain has become a wholly owned subsidiary of the Sumitomo Corporation.

German tire and car parts maker Continental AG announced that it has agreed to purchase Veyance Technologies from Carlyle Group for $1.9 billion. Veyance produces industrial hoses and belting and has 27 plants around the world.

Continental’s press release can be viewed here.
http://www.continental-corporation.com/www/pressportal_com_en/themes/pr…
 

International law firm Osborne Clarke advised the majority shareholder of Capablue Limited, a connected TV platform and services provider, on the sale of the company to Arqiva Limited, the communications infrastructure and media services company, for an undisclosed sum.

The Osborne Clarke team was led by Partner Tim Birt who was assisted by Mathias Loertscher (corporate), Michael Bell and Rebecca Ward (tax), Karen Cooper (options) and Camilla Fell (employment).

Pinsent Masons acted for Arqiva.

Zynga, the world's leading provider of social game services, announced its purchase of UK game-maker NaturalMotion for $527 million in cash and equity. NaturalMotion—a longtime client of the firm’s—is best known for its mobile gaming successes such as Clumsy Ninja and CSR Racing game, which is currently among the top 100 highest-grossing mobile apps.

Allen & Overy has advised Rexam, leading global beverage can maker, on the sale of the bulk of its healthcare business to Montagu Private Equity.

Rexam produces cans for large corporations such as PepsiCo, AB InBev and Carlsberg and the sale of this healthcare division will allow the company to place increasing focus on can making.

Rexam’s healthcare business has three divisions: Pharmaceutical Devices, Prescription Retail Packaging and Closures & Containers.

Baker & McKenzie advised Swiss Sulzer AG on the sale of its Metco division to OC Oerlikon. Sulzer Metco is a leading surface solutions provider with a global presence. With about 2400 employees, Sulzer Metco generated sales of approximately CHF 700 million in 2012. The transaction is subject to clearance of the necessary authorities and pursuant to merger control regulations. The parties expect the transaction to close in the third quarter of 2014.