International business law firm Lawrence Graham has acted for Singapore based Archipelago Resources Plc ("Archipelago") in relation to the takeover offer announced today by PT Rajawali Corpora valuing Archipelago at £340m.
Dubai-based corporate partner Tim Casben led the transaction with assistance from corporate senior associate Rebecca Gordon in London. White & Case acted for PT Rajawali Corpora.
CMS has advised Ryan Specialty Group (RSG) on the sale of Jubilee Managing Agency Limited, a managing agent in the Lloyd's insurance market, to ANV Syndicate Management Limited (ASML). RSG will become a 20% shareholder in ASML as part of the consideration for the sale. Completion of the transaction is expected in the fourth quarter of 2013 following confirmation of customary closing conditions and regulatory approvals.
Clifford Chance advised bathroom fitting specialist Grohe Group on its takeover by Lixil Corporation, a Japanese building materials and housing equipment producer. The takeover is based on a dual-track sale process in which Grohe Group contemplated both an IPO and a trade sale.
Allen & Overy LLP has advised the ALBA Group, Berlin, on the sale of INTERSEROH NRW GmbH. Based in Dortmund, NRW INTERSEROH deals with scrap recycling and in addition to headquarters in Dortmund has operations in Mülheim, Munster and Werdohl. The parties have agreed the purchase price, which is undisclosed. The transaction is subject to approval by the Federal Cartel Office.
Field Fisher Waterhouse has advised its long standing client BBC Worldwide Limited and the shareholders of Ragdoll Limited on the sale of their joint venture Ragdoll Worldwide Limited to Canadian entertainment group DHX Media. Ragdoll Worldwide was established as a joint venture in 2006 between BBC Worldwide, BBC’s commercial arm, and Ragdoll Limited.
Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.
International law firm Stephenson Harwood LLP has advised the management team at investment boutique SVG Investment Managers (SVGIM) regarding its acquisition by Swiss-based international investor Hansa Aktiengesellschaft (Hansa).
SVGIM has been acquired from SVG Capital, its parent company, following regulatory approval. Hansa is now the majority stakeholder in SVGIM, with the senior management of SVGIM holding a significant minority stake. Hansa has also acquired SVG Capital's holdings in certain SVGIM managed funds.
DLA Piper advised Eastman Kodak on the worldwide implementation of a chapter 11 restructuring. In the course of the restructuring the two divisions "Personal Imaging" and "Document Imaging" were sold to UK Kodak Pension Plan.
Global law firm Dentons has successfully advised the automotive supplier Bfw Blechformwerke Bernsbach GmbH within the context of a protective shield proceeding during the acquisition by Meleghy & Cie. Automotive GmbH. The insolvency plan drawn up by Dentons on behalf of Blechformwerke Bernsbach GmbH was unanimously accepted at the creditors’ meeting held on September 13, 2013 and was confirmed by the local court of Chemnitz on the same day.
Burges Salmon has acted for the European retail group, Louis Delhaize, on the sale of The Garden & Leisure Group to The Garden Centre Group.
Garden & Leisure, which is headquartered at Cadbury near Bristol, comprises seven major UK garden centres. Burges Salmon has acted for the group since its inception in 1997 and recently advised on the major redevelopment of its Percy Thrower's store in Shrewsbury.