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M&A: Seller's Counsel

Ince & Co advises on the sale of Interactive Ideas Limited to Storit Limited

15 Nov 2013

Ince & Co advised the majority shareholders of Interactive Ideas, a leading enterprise software distributor, on the sale of its business to Storit, an award-winning, value added distributor (VAD) of data storage, software solutions, networking and IT related products and services. The terms of the deal are confidential.
 
Interactive Ideas is a leading UK VAD of enterprise software focused on IT infrastructure solutions, founded in 1994 by Michael Trup and Grahame Fernback.
 

Shearman & Sterling Advises Deere & Company on Sale of John Deere Landscapes

11 Nov 2013

Shearman & Sterling is advising Deere & Company in the sale of one of its Agriculture & Turf segment units, John Deere Landscapes, to Clayton, Dubilier & Rice. Deere will initially retain a 40% ownership stake in the new standalone company.

John Deere Landscapes is the nation's leading supplier of wholesale irrigation, landscape lighting, nursery, and turf and maintenance supplies for green industry contractors. Headquartered in Alpharetta, Georgia, John Deere Landscapes operates over 400 branches in North America and has approximately 2,000 employees.

Irwin Mitchell Advises On Sale Of Advance Fuels To Certas Energy

08 Nov 2013

Irwin Mitchell has advised leading fuel wholesaler, Mabanaft, on the disposal by its subsidiary, South Eastern Fuels Ltd, of its Advance Fuels business for an undisclosed seven figure sum.
 
Croydon-based Advance Fuels, supplies fuel oil to domestic and commercial customers throughout London and the South East of England.
 
Its UK parent company, Mabanaft, is an independent fuel wholesaler specialising in supplying retailers, hauliers, marine-bunker providers, supermarkets, and the industrial sectors.
 

DLA Piper advises Bestinvest management team on Permira buy out

07 Nov 2013

DLA Piper have advised the management team of Bestinvest, the UK wealth manager and online investment service, on its acquisition by a company owned by Permira funds for an undisclosed sum.

The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2014.

Founded in 1986, Bestinvest is a dynamic and fast-growing UK private client investment group that is dedicated to rigorous and unbiased investment research and which has a relentless focus on excellent client service and the highest levels of professionalism.

Burges Salmon advises management on the acquisition by Wellspring Capital Management of Swift Technical Group

07 Nov 2013

Burges Salmon, one of the leading law firms in the UK, has advised certain members of the Swift management team in connection with the acquisition of the Swift group by Wellspring Capital Management from Gresham Private Equity.

Swift, which is headquartered in Houston Texas, is one of the world’s leading providers of contract engineers and other skilled personnel to the global oil and gas industry.

Olswang helps Graphite Capital sell Alexander Mann Solutions for £260m

04 Nov 2013

International law firm Olswang has advised the shareholders of Alexander Mann Solutions, including long-standing private equity client, Graphite Capital and the Alexander Mann Solutions management team, on their sale of the international recruitment process outsourcing group to US private equity house New Mountain Capital for £260 million.  The transaction is subject to approval by the European Competition Commission.

Simpson Thacher Represents Melrose Industries PLC on the Sale of its Crosby and Acco Divisions

03 Nov 2013

The Firm is representing Melrose Industries PLC (“Melrose”), a UK based FTSE 100 company, on the sale of The Crosby Group (“Crosby”) and Acco Material Handling Solutions (“Acco”) to Kohlberg Kravis Roberts & Co. L.P. for an enterprise value of US$1.01 billion. Crosby and Acco manufacture and sell hooks, slings, hoists and other lifting and rigging equipment used in, amongst other things, the oil, gas, mining and manufacturing industries.

Clifford Chance advises Siemens AG on the sale of TLT-Turbo

31 Oct 2013

Clifford Chance has advised Siemens AG on the sale of TLT-Turbo GmbH to Power Construction Corporation of China. The parties have agreed not to disclose any details of the purchase price. The transaction is subject to clearance by the relevant authorities.

TLT-Turbo GmbH, based in Zweibrücken, Germany, produces ventilation systems and radial and axial fans for all types of industrial usage. The company currently employs around 340 people across five sites in Germany.