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M&A: Seller's Counsel

Clifford Chance advised Quadriga Capital on the sale of the Richard Fritz Group

03 Jun 2013

Clifford Chance advised private equity investor Quadriga Capital, Frankfurt am Main, on the sale of 100% of their shares in the Richard Fritz Group based in Besigheim, Baden-Wurttemberg (Germany), to the Turkish Sisecam Group.

Sisecam acquired the company on behalf of its subsidiary Trakya Cam, Turkey's leading glass manufacturer. The acquisition represents an opportunity to further develop its business in Germany and Europe.

Burges Salmon advises management on £185m sale of Oasis Healthcare

31 May 2013

Burges Salmon, has recently advised management in connection with the £185 million sale to Bridgepoint by Duke Street of Oasis Healthcare, the UK's largest private dental chain.

Oasis, which is headquartered in Bristol, owns over 200 dental practices across England, Wales and Northern Ireland and employs more than 2,000 people, of whom 800 are dentists.

DLA Piper advises the shareholders of Kuhnke AG on the sale to Kendrion N.V.

28 May 2013

DLA Piper has advised the former owners of the German plant and machinery manufacturer Kuhnke AG on the sale of all shares in Kuhnke AG to Kendrion N.V., a Dutch provider of electromagnetic systems and components. Purchaser and seller agreed not to comment on the purchase price. Kendrion acquired common shares and preference shares of Kuhnke AG. As return for common shares, stockholders of Kuhnke AG also acquired shares in Kendrion N.V.

SJ Berwin advises Star Capital Partners on sale of Blohm + Voss Oil Tools to Forum Energy Technologies

28 May 2013

Frankfurt/Munich/Berlin – Star Capital Partners, a leading European investment fund manager, has sold Blohm + Voss Oil Tools Group to Forum Energy Technologies, Inc. The purchase agreement was signed on 25 May 2013. Blohm + Voss Oil Tools Group is a global player in designing and manufacturing a wide range of pipe handling tools for the offshore and onshore oil producing industry. The disposal is subject to approval by the relevant cartel authorities.

Travers Smith advises the management shareholders of world class learning on its sale to Nord Anglia Education

24 May 2013

Travers Smith Head of Corporate, Chris Hale, and senior corporate associate Will Yates, led a team advising the management shareholders of WCL Group Limited on its sale to Nord Anglia Education for £153m.

WCL delivers premium K-12 education to students in eleven international schools: six schools in the United States, one in Spain, and four in Qatar in the Middle East. In addition, WCL offers leading-edge educational products and services to schools worldwide, including its international curricula which are used by nearly 1,500 schools in some 80 countries.

Clifford Chance advised Xchanging on the sale of its shares in Xetb to Deutsche Bank

17 May 2013

Clifford Chance advised the Xchanging Group in connection with the restructuring of its German bank holdings and the sale of 51% of its shares in the joint venture "Xetb" to Deutsche Bank for a purchase price of EUR 40.5 million.

Xetb is the holding company of Xchanging Transaction Bank GmbH (XTB) that provides services in relation to the securities processing business for Deutsche Bank as well as for external clients.

EQT acquires a majority of the shares in IP-Only Telecommunication AB

14 May 2013

The investment firm EQT’s new fund has signed a share sale and purchase agreement regarding the acquisition of more than 90 per cent of the shares in the Swedish IT-supplier IP-Only Telecommunication AB from three of the company’s major shareholders. The acquisition is subject to approval from the competent competition authorities. Jörgen Svanlind, Chairman of IP-Only Telecommunication AB comments: “After a long period with a strained financial situation we now have managed in the best possible way to complete the financing process that started in the fall of 2011.

Mills & Reeve brings home the bacon

13 May 2013

We have advised the shareholders of East Anglian Pigs Limited (EAP) in the sale of their shares in EAP to Cranswick Country Foods Plc (a FTSE listed 250 Company). EAP is one of the UK's largest breeders, rearers and finishers of outdoor reared pigs and supplies most of Tesco's finest range of outdoor reared pork.The existing management of EAP will remain to continue to run EAP and the acquisition has been well received by the stock market.

The team was led by Craig Hodgson, head of the food and beverage sector at Mills & Reeve.

SJ Berwin a conseillé Eurazeo PME et les autres vendeurs dans le cadre de la cession de The Flexitallic Group à Bridgepoint

13 May 2013

SJ Berwin a conseillé les fonds Eurazeo PME, les fonds gérés par Cathay Capital, les fonds Capzanine et les fonds Axa dans le cadre de la cession de The Flexitallic Group (ex FDS Group) aux fonds Bridgepoint pour une valeur d’entreprise de 450 millions d’euros.

SJ Berwin a conseillé Eurazeo PME depuis son entrée dans le groupe en 2006 et notamment dans le cadre de ses nombreuses opérations de croissance externe.

Allen & Overy advises European Capital Financial Service Ltd. on the sale of Metall Technologie Holding Group

13 May 2013

Allen & Overy LLP advised finance investor European Capital Service Ltd. (European Capital), a wholly-owned subsidiary of American Capital, Ltd., on the sale of its shares in Metall Technologie Holding Group (MTH). The purchaser is LOI Thermprocess GmbH, a subsidiary of Italy-based Tenova S.p.A. The parties agreed not to disclose the purchase price.