A team comprised of lawyers from several offices, led by Stuttgart-based partner Dr. Peter Ladwig, advised the shareholders of SyBIT GmbH, Radolfzell, on the sale of initially 60 percent of their shares in the company to itelligence AG and accompanied the transaction. Eventually, itelligence aims to acquire a 100 percent stake in SyBIT.
International legal practice Osborne Clarke has advised the management team of multi-platform international media group, Dennis Publishing (“Dennis”), on its acquisition by Exponent.
Matheson advised FEXCO and Goodbody on the proposed acquisition of Goodbody Stockbrokers by a Chinese consortium led by the Zhongze Group. The transaction, which is subject to regulatory approval, is expected to close by the end of the year and will see the Consortium take 100% ownership of Goodbody.
Ciaran Healy, Corporate M&A Partner at Matheson said:
DLA Piper has advised Boparan Holdings Limited, the parent company of 2 Sisters Food Group, a leading UK food company, on the sale of its red meat business (2 Sisters Red Meat Limited) to Irish-based meat producer, Kepak Group.
2 Sisters Red Meat Limited has four facilities in the UK, including its flagship site in Merthyr Tydfil. The sale is part of 2 Sisters' long term business strategy to streamline and re-invest in the wider Group.
Shearman & Sterling advised Capital Square Partners in connection with the completion of the acquisition of a controlling stake in StarTek, Inc. and the sale of the Aegis business to StarTek. On July 20, 2018, StarTek, CSP Alpha Holdings Parent Pte Ltd (“Aegis Stockholder") and Aegis completed the transaction and created a combined business with pro forma revenues exceeding US$700 million.
Aegis will become a wholly owned subsidiary of StarTek, and Capital Square Partners is expected to hold a majority stake of StarTek’s outstanding common stock.
CMS advised Kreditech Holding SSL GmbH, a financial service German company, on the sale of 100% shares in its Czech subsidiary, Kreditech Ceska Republika s.r.o., to Kancelaria Medius S.A.
Kreditech Ceska Republika s.r.o. was sold upon the share purchase agreement executed on 14 December 2017 in Prague while the final post-signing covenant was fulfilled on 30 June 2018.
Cologne – TATA Steel has signed an agreement for the sale of the Kalzip Group to Donges SteelTec, a subsidiary of Mutares. The sale is currently awaiting approval from the competition authorities. The parties agreed not to disclose details of the purchase price.
CMS assisted 87 seconds’ shareholders in the acquisition of this Belgian company by the French Datawords Group. Through the transaction, the management of 87 seconds acquired a participation in the Datawords Group.
87 seconds is a European video content agency, specialized in video production and strategy, with offices in Brussels, Paris, Lyon, Geneva, Amsterdam, and Madrid. The new group has a consolidated revenue of over $70m and counts 500 employees across Europe, Asia and the United States.
Fried Frank acted as counsel to Aleris Corporation, a US-based aluminum producer, in its approximately US$2.6 billion acquisition by Novelis, Inc., the global leader in aluminum rolled products and the world's largest recycler of aluminum. As part of the acquisition, Novelis will acquire Aleris' 13 manufacturing facilities across North America, Asia, and Europe. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in 9-15 months. Until the closing, the companies will continue to operate as separate entities.
Taylor Wessing has advised Augentius Group Limited, a leading global provider of alternative investment solutions to the private equity and real estate communites, on its sale to the Astorg-backed SGG Group, a leading global investor services firm.
Augentius, which employs over 650 professionals, offers a complete suite of fund administration, depository, regulatory and compliance solutions to institutional investors across 13 jurisdictions. These include the UK, Guernsey, the US, Luxembourg, Singapore and Hong Kong.