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M&A: Seller's Counsel

Simmons & Simmons Advises Plukon on the Sale of Brüterei Brenz to WIMEX

09 Oct 2013

International law firm Simmons & Simmons has advised the Dutch Plukon Food Group on the sale of Brüterei Brenz to WIMEX. WIMEX is a leading producer of hatching eggs and day-old chicks in Europe

Plukon Food Group B.V. is a leading European producer of poultry meat products. With the disposal, Plukon is further concentrating on the production and distribution of poultry meat products.

The Simmons & Simmons team was led by Düsseldorf corporate partner Stephan Ulrich, assisted by Matthias Wagner and Anne Schröer.

Thomas Cook Group - sale of the Thomas Cook Egypt and Thomas Cook Lebanon businesses

09 Oct 2013

Slaughter and May is advising Thomas Cook Group plc on the sale of the Thomas Cook Egypt and Thomas Cook Lebanon businesses to Yusuf Bin Ahmed Kanoo (Holdings) Co WLL of Bahrain for £6.5 million in cash.

The transaction, which was announced on 7 October 2013, will be effected through the sale of Thomas Cook Overseas Limited, a UK company which trades in Egypt though its Thomas Cook Egypt branch, and Thomas Cook Lebanon SAL, a Lebanese company.

Weil Advises TPG Capital & DLJ Merchant Banking Funds on Sale of Grohe Group to Lixil

08 Oct 2013

International law firm Weil, Gotshal & Manges LLP is advising TPG Capital and DLJ Merchant Banking Funds on the sale of an 87.5% share in the parent company Grohe Group S.à r.l. to listed Japanese LIXIL Group Corporation, a global manufacturer of housing and building materials. The deal represents one of the largest LBOs in Europe so far this year. The transaction is subject to clearance by the relevant competition authorities. It is expected to close by March 2014.

Squire Sanders Advises SKYCIG on Sale to Lorillard, Inc

04 Oct 2013

Squire Sanders’ Corporate team in London has acted for SKYCIG, one of the UK’s leading premium brands of electronic cigarettes, on the sale of the company to Lorillard, Inc. Lorillard, the third largest manufacturer of cigarettes in the United States, and the oldest continuously operating tobacco company in the country, has acquired SKYCIG for £30 million in cash and a contingent consideration of up to an additional £30 million to be paid in 2016 based on financial performance.

Dentons advises on the sale of Flex-Elektrowerkzeuge GmbH to Chervon

04 Oct 2013

The global law firm Dentons advised Flex-Elektrowerkzeuge GmbH (“Flex“) in the context of the sale to Chervon Holdings Limited (“Chervon”). Flex is a manufacturer of tools with their head office located in Steinheim, Germany, employing more than 250 employees. In 1954, Flex brought the first high-speed angle grinder on the market, for which synonymously the brand name Flex is still used today. To date the company develops and manufactures high-quality professional tools and sells them in Europe, North America and Australia.

Osborne Clarke advised on sale of NanoSight Ltd

01 Oct 2013

Osborne Clarke has advised the sellers of NanoSight Ltd, leaders in nanoparticle characterization on its sale to Malvern Instruments Ltd, the subsidiary of Spectris plc (LSE: SXS).

NanoSight Ltd is a scientific instrument manufacturer and world leaders in the design and development of particle size measurement instrumentation to the pharmaceutical, chemical and academic sectors world-wide.

NanoSight Ltd is also a Sunday Times 2013 Tech Track 100 company as one of Britain's fastest-growing private technology companies.

Speechly Bircham advises long-standing client Belmont International on its sale to Arthur J. Gallagher & Co

01 Oct 2013

Speechly Bircham has advised privately-owned Belmont International, one of the South-East's leading  independent commercial insurance brokers and employee benefits consultants on its sale to NYSE-listed Arthur J. Gallagher & Co, a leading global insurance brokerage and risk management services firm, for an undisclosed sum.

WFW advises CAPCELLENCE on the sale of GARDEUR Group

01 Oct 2013

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised CAPCELLENCE Group (“CAPCELLENCE”) on the sale of all its shares in the GARDEUR Group to Kränzle Beteiligungs GmbH and NRW.BANK Beteiligungsfonds, the development bank of North Rhine-Westphalia.

WFW advised CAPCELLENCE, a Hamburg-based private equity investor, on the legal and tax aspects of the sale. This transaction has not yet been completed and remains subject to antitrust clearance.