Eversheds Sutherland acts for Ideal Shopping Direct on sale to Aurelius

Eversheds Sutherland has acted for leading multi-channel home shopping retailer Ideal Shopping Direct on the sale of the company by private equity house Blackstone to mid-market investor Aurelius.

The acquisition enables the management team at Ideal Shopping Direct to work with Aurelius to implement a transformation programme focused on driving operational efficiency of the business and assisting with its future growth plans.

We are delighted to act for the owners of Blue Insurance Limited on its conditional sale to the Cover-More Group, a member of the Zurich group of companies. Blue Insurance is one of the most successful and innovative insurance companies operating in the Irish market and has developed bespoke and successful products in areas such as travel, gadget and pet insurance.

PARIS – International law firm McDermott Will & Emery advised Dunkerque LNG, the owner and operator of Dunkirk liquefied natural gas (LNG) terminal, on the disposal of EDF’s 65.01% stake in the capital of the company to two investment consortia: the first made up of Fluxys, AXA Investment Managers - Real Assets and Crédit Agricole Assurances, and the second led by IPM Group and Samsung Asset Management. Across prices paid by the two consortia, the average enterprise value for the entire stake amounts to approximately €2.4 billion.

Cologne – The Spigraph Group SAS has sold its affiliated companies ALOS GmbH in Germany and ALOS Solution AG in Switzerland to Kyocera Document Solutions Europe B.V. The acquisition of ALOS sees Kyocera adding a well-known system provider of capture and enterprise content management solutions (ECM) in the German-speaking countries to its portfolio. The transaction is currently awaiting approval from the competition authorities. The parties agreed not to disclose details of the purchase price.

Freeths is delighted to announce it has advised the shareholders of Majenta PLM Limited on their successful sale to Cutting Edge Solutions (Oxford) Limited.

Majenta PLM is one of the UK’s largest Siemens PLM re-sellers and one of the few Platinum resellers across Europe. Operating from its base in Cranfield, Bedfordshire, it provides Siemens PLM software and related services to clients from such industries as automotive, aerospace and pharmaceuticals.

Freshfields Bruckhaus Deringer LLP is advising ArcLight Capital Partners in relation to the proposed sale of North Sea Midstream Partners Limited to Wren House Infrastructure Management.

The Freshfields team is being led by Sam Newhouse (Co-Head of Natural Resources) and Richard Thexton (Co-Head of Infrastructure Investors).

Travers Smith LLP has advised the shareholders on the sale of 75% of Lothbury Investment Management (Lothbury) to Nomura Real Estate Holdings (Nomura). The executive management team, led by Simon Radford, will retain a 25% stake and continue to manage the day-to-day operations of the business under the Lothbury brand. The transaction is conditional upon regulatory clearances.

Frankfurt/Main – Frankfurt-based Halder Beteiligungsberatung GmbH has announced an agreement with Culligan International for the sale of the Aqua Vital Group, the leading supplier of water dispensers to commercial customers in Germany. Culligan is the world’s leading provider of water treatment solutions. The parties agreed not to disclose financial details of the transaction.

International law firm Ashurst advised Generali on the sale of its entire shareholding in General Worldwide Insurance Company Limited ("General Worldwide") and General Link to Life Company Consolidation Group ("LCCG").

Generali will receive approximately €409 million in base consideration, plus additionally up to €10 million of contingent consideration to be paid at completion, for the sale of its stakes in Generali Worldwide and Generali Link that will be subject to certain customary adjustments following closing of the transaction in line with market practice.