A Travers Smith team, led by Private Equity partners James Renahan and Ian Shawyer, has advised Primary Capital and management on the sale of Amber Travel, the UK's leading specialist rail tour business, to ECI Partners in a transaction which values the business in excess of £50 million.
Osborne Clarke has advised leading tap, mixer shower and bathroom accessories manufacturer Eurobath International Ltd trading as Vado (Vado) on its sale to Norcros plc (Norcros) for a total consideration of £16 million.
Vado, a private family owned business, principally held by the Walker and Williams families, was bought for an initial cash consideration of £10.9 million, plus £1 million debt and further payments of up to £4.1 million depending on performance.
International law firm Pinsent Masons has advised Tunbridge Wells Equitable Friendly Society Limited, trading as The Children’s Mutual, on the transfer of its entire business to UK insurance company Forester Life Limited under Part VIII of the Friendly Societies Act. The deal involved the transfer of 1.2m policies and accounts and management of assets worth over £1.7bn.
International legal practice Norton Rose has advised Perusa Partners Fund 1, LP on the sale of its interest in Buderus Feinguss Group to Impro Europe S.à.r.l., a subsidiary of Chinese investment casting giant Impro Precision Industries Limited.
Buderus Feinguss is a leading German investment casting producer, serving a variety of blue-chip customers in the automotive, general machining, aerospace, electronics, and medical sectors with a focus on complex geometries and special metal alloys.
DLA Piper has advised East Balt Group, a leading global bakery business spanning four continents with 20 bakeries in 12 countries, on its acquisition by One Equity Partners (OEP), the private investment arm of JP Morgan Chase & Co.
The cross-border transaction saw lawyers from DLA Piper's offices in Kyiv, Chicago and Moscow working together. The Ukrainian section of the transaction was recently completed upon obtaining the required regulatory approval.
Business law firm, DWF, has advised shareholders in specialist IT solutions provider, Computer Systems for Distribution Limited (CSfD), on a group reorganisation and the proposed sale of the company to a management buyout (MBO) team led by Pieter van der Merwe.
CSfD delivers IT solutions for logistics and distribution businesses across the UK, by way of an integrated supply chain management system which helps organisations achieve greater efficiency in their operations.
Herbert Smith Freehills is advising Cazenove Capital on its £424 million recommended takeover offer from Schroders, which was announced on Monday, 25 March 2013.
Cazenove Capital is an independent investment business, specialising in investment funds and wealth management, with £18.7bn of assets under management and its acquisition by Schroders will bring together two long-standing organisations with close cultural values to create a leading, independent Private Banking and Wealth Management business in the UK.
Speechly Bircham advised on the acquisition of long term client Countryside Properties, one of the UK's largest privately owned residential developers, by Oaktree, the Cherry family, and the current management team.
Global legal practice Squire Sanders has acted in the sale of mobile news app Summly to Yahoo. The innovative mobile app for browsing and consuming automatic summaries of the news was created by 17 year-old entrepreneur, computer programmer and designer Nick D’Aloisio in December 2010.
Teams from Squire Sanders’ corporate and tax practices in the US, UK and Hong Kong, led by partners Greg Gale, Peter Morley, and Nick Chan, have been involved in advising Summly since its initial investment and throughout the much-publicized deal.
March 25th 2013, International law firm Osborne Clarke, has advised the shareholders of its client medico-legal cloud technology specialist iSaaS Technology Limited on its sale to Quindell Portfolio plc, the acquisitive AIM-traded technology and outsourcing group, for a mixture of cash and shares.
Ray Berg led for Osborne Clarke and was assisted by Thomas Colmer (Corporate), Mathias Loertscher (Corporate), Mark Braude (Tax) and Christopher Stack (Employment).
Adam Tulk, CEO of iSaaS, said: