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M&A: Seller's Counsel

Herbert Smith Freehills advises Careers Australia Group Limited on the off-market takeover bids from Crescent Capital and Cirrus Business Investments

25 Jul 2013

Herbert Smith Freehills has acted for Careers Australia Group Limited (Careers) in relation to the successful off-market takeover bid for all of Careers’ shares made by Cirrus Business Investments Limited (Cirrus), a wholly owned company of White Cloud Capital, an investment company that invests strategic growth capital in fast growing companies in Europe and the Asia-Pacific.

Careers is a vocational education provider that offers an extensive range of education and training for students and workers in Australia.

DLA Piper presented Healthcare/Life Sciences Deal of the Year at M&A Advisor International M&A Award ceremony

25 Jul 2013

DLA Piper has been awarded the M&A Advisor Healthcare/Life Sciences Deal of the Year (under $250mm) for its representation of Synergy Health PLC in its private acquisition of SRI/Surgical Express Inc. The award was presented at the M&A Advisor 5th Annual International M&A Award ceremony on May 14, 2013.

Travers Smith advised the management shareholders of Host Europe Group on its £438 million sale to a new company backed by Cinven

24 Jul 2013

Travers Smith Corporate Partner, Edmund Reed and Senior Partner, Chris Hale, are leading a team advising the management shareholders of Host Europe Group ("Host") on its sale by Montagu Private Equity and management for £438 million to a new company backed by Cinven.

The Travers Smith team is also advising the management team of Host Europe on its new equity arrangements with Cinven. The team includes senior associate James McClymont.

Norton Rose Fulbright advises on sale of 51% stake in Masawara Energy (Mauritius) Limited

23 Jul 2013

Global legal practice, Norton Rose Fulbright has advised Masawara Plc on the sale of its 51% interest in Masawara Energy (Mauritius) Limited (MEM) to Woble Investments (Private) Limited. The consideration for the sale was US$24.888 million.

Woble Investments is an indigenous Zimbabwean entity. MEM is a joint venture vehicle established in 2011 between Masawara and Alveir Management Limited to acquire the downstream petroleum assets of Shell and BP in Zimbabwe.

Pinsent Masons advises Dept of Health on £230m disposal deal to US private equity firm

19 Jul 2013

International law firm Pinsent Masons has advised the Department of Health on a major transaction relating to private sector investment in a government-owned limited company, Plasma Resources UK Ltd (PRUK) through the sale of the majority of the shares in the company to a US private equity firm.

Clifford Chance advises Cinven portfolio company, EnServe on the sale of Inenco

19 Jul 2013

International law firm Clifford Chance is advising Cinven and its portfolio company, Enserve on the sale of Inenco, the energy division of EnServe, to Vitruvian Partners, its management team and Intermediate Capital Group Plc.   EnServe, the energy and utility outsourcing business, was acquired by Cinven in a public to private transaction in 2010 when it was known as Spice PLC.

Travers Smith advises management of Key Retirement Solutions Limited on a sale to a new company backed by Phoenix Equity Partners

12 Jul 2013

A Travers Smith team led by Corporate Partner, Edmund Reed and Tax Partner, Russell Warren, has advised the management shareholders of Key Retirement Solutions Limited ("KRS") on the sale of their interests in KRS to a new company backed by private equity firm Phoenix Equity Partners and on their new equity arrangements.

KRS is the UK’s leading independent distributor of equity release loans and a top ten distributor of annuities. It also provides estate planning services, whilst its subsidiary More2Life is a significant and fast growing equity release lender.

Ashurst advises founding shareholder on the proposed sale of cinema and film distributorship business to the Lai Sun Group

12 Jul 2013

Ashurst acted for Lai's Holdings (LHL), the founding shareholder of Kadokawa Intercontinental Group Holdings Limited (KIGH), on the proposed sale of the KIGH Group to Hong Kong-listed companies within the Lai Sun Group. eSun will acquire an 85 per cent. stake in the KIGH Group and Lai Sun will acquire a 100 per cent. stake in the properties currently held by the KIGH Group.