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M&A: Seller's Counsel

Macfarlanes advises RBS and Investec on Axell Wireless sale

10 May 2013

Macfarlanes has advised RBS and Investec on the sale of leading global wireless communications provider, Axell Wireless Limited.

Axell Wireless, in which RBS and Investec were majority investors, has been acquired by technology and service provider, Cobham plc.

The Macfarlanes team was led by partner, Stephen Drewitt, who comments: "Axell has found a good strategic fit with Cobham and we wish the team every success in the future in continuing to grow and develop the business."

M&A partner, Jessica Adam, also advised on this transaction.

Travers Smith advised Pure Gym and its selling shareholders on its sale to a new company, backed by affiliates of CCMP Capital Advisors, LLC

08 May 2013

Travers Smith private equity partners, Phil Sanderson and Edmund Reed, advised the shareholders of Pure Gym on the sale and the management team on the reinvestment in the new Group.

The team includes senior corporate associate, Sonal Patel, corporate associates, Genna McDermott and Andrew Gardiner, tax partner, Kathleen Russ, senior tax counsel, Hannah Manning and tax associate, Richard Wild.

About Pure Gym

Travers Smith advises all selling shareholders on the sale of Civica to OMERS Private Equity

08 May 2013

A Travers Smith team, led by Private Equity partners Chris Hale and James Renahan, has advised 3i Group plc ("3i"), funds managed by 3i and management on the sale of Civica, an international market leader in specialist IT systems and business process services for the public sector, to OMERS Private Equity for an enterprise value of £390m

Hogan Lovells Advises Top Spring International Holdings on US$88.3 million disposal

08 May 2013

HONG KONG, 08 May 2013 - Hogan Lovells has advised Top Spring International Holdings Limited ("Top Spring") on its disposal of interests in Top Spring Taihu Bay to Jian Hong Holdings Limited ("Jian Hong") for US$88.3 million.

The disposal includes Top Spring Taihu Bay's entire equity interest in Changzhou Taihu Bay, a limited liability company established in the PRC.

Freshfields has advised HOCHTIEF Aktiengesellschaft on the sale of all shares in HOCHTIEF AirPort GmbH

08 May 2013

International law firm Freshfields Bruckhaus Deringer has advised HOCHTIEF Aktiengesellschaft, one of the world's leading construction groups, on the sale of all shares in HOCHTIEF AirPort GmbH to the Public Sector Pension Investment Board, Canada (PSP Investments).
HOCHTIEF AirPort is one of the leading airport investors and managers in the world and holds stakes in the airports of Athens, Budapest, Düsseldorf, Hamburg, Sydney and Tirana. Combined, these airports handle approximately 95 million passengers annually.

CMS advises consortium led by Bancroft Private Equity on its sale to East Capital Explorer of a majority stake in Starman

03 May 2013

CMS Cameron McKenna LLP is pleased to announce that it has successfully advised a consortium led by Bancroft Private Equity Gmbh & Co. KG on its sale to East Capital Explorer of a majority stake in Starman, the leading cable TV, broadband internet and voice cable services provider in Estonia. East Capital Explorer will acquire a majority stake in the company based on a total enterprise value of EUR 107m, with the remaining stake being held by Starman’s founders.

Olswang's leading leisure team acts for the shareholders of D&D London on management buy-out

22 Apr 2013

Olswang has advised the shareholders of premium restaurant group D&D London Limited, which owns over 30 restaurants in London, Leeds, Paris, New York, Istanbul and Tokyo, on its management buyout by LDC, the leading UK mid-market private equity house. As a result of the transaction LDC will buy-out vendors Conran Holdings Limited and private equity investors Caird Capital, with D&D's senior management team led by Des Gunewardena and David Loewi retaining their investment in the business.

DWF Advises Nursery Care Provider on Buyout

18 Apr 2013

Business law firm, DWF, has advised kidsunlimited – one of the UK’s largest nursery care providers – throughout its sale to Bright Horizons Family Solutions® (Bright Horizons), a global provider of employer-sponsored child care and early education.

The deal, worth £45 million, provides an exit for kidsunlimited’s private equity investor, LDC, which backed a secondary buyout of the business in 2008.

SJ Berwin a conseillé les dirigeants et fondateurs de Sandro, Maje et Claudie Pierlot (Groupe SMCP) dans le cadre de la cession de Groupe SMCP à KKR

18 Apr 2013

SJ Berwin a conseillé les fondateurs et dirigeants de Groupe SMCP dans le cadre de sa cession auprès du fonds américain KKR. Depuis novembre 2010, le groupe SMCP était conjointement détenu par les dirigeants et les fonds d’investissement L Capital et Florac. A l'issue de cette opération, KKR détient approximativement 65% du groupe SMCP, et l’équipe de management conserve environ 35% du capital.