DLA Piper has advised KPMG administrators, Chris Pole and Mark Orton, in connection with the sale of Synseal Group, to Aperture Trading, saving more than 1,000 jobs.
Synseal Group is a manufacturer and supplier of fenestration products headquartered in Huthwaite. Following the sale, which comprised the Group's six businesses, 1,016 employees and seven leasehold sites have transferred to Aperture.
BEITEN BURKHARDT ADVISES HOESCH GROUP ON THE SALE OF INSURTECH COMPANY ASURO TO BCA AG
Frankfurt am Main, 11 March 2019 - The international law firm BEITEN BURKHARDT has advised Hoesch Group AG, a holding company with focus on the insurance and financial service sector, on the sale of all shares in the InsurTech company asuro to BCA AG, one of the largest pools of brokers in Germany. The parties have agreed to keep the transaction volume confidential.
Slaughter and May, Hong Kong, is advising HNA Finance I Co., Ltd. (HNA Finance I) and Hong Kong International Construction Investment Management Group Co., Limited (HKICIM) in relation to the proposed disposal by HNA Finance I of its 69.5% shareholding in HKICIM to Times Holdings II Limited (Times Holdings) and the possible mandatory general offers (Offers) to be made by Times Holdings to acquire all the issued shares in, and to cancel all outstanding share options of, HKICIM.
International legal practice Osborne Clarke has advised the majority shareholder of the CeleraOne GmbH, Dr. Falk-Florian Henrich, on the sale of his shares to Axel Springer SE. The minority shareholders, Moritz Hilger and Tim Eggert, have been advised by P+P Pollath + Partners. They will remain with CeleraOne for the long term and will continue in their current positions.
Our corporate team has supported Thermal Exchange, designer and manufacturer of cooling and temperature control equipment, during its acquisition by Scientific Digital Imaging plc in a transaction worth up to £1.5 million.
The Leicester-based company provides temperature control, heat transfer and refrigeration solutions across multiple industries. Jaguar Land Rover and the University of Cambridge are just a couple of examples of the great businesses that Thermal Exchange has worked with since it was established in 1982.
Slaughter and May is acting for RPC Group Plc (RPC) in relation to today's announcement that Berry Global International Holdings Limited (Berry Bidco) and RPC have reached agreement on the terms of a recommended superior cash offer, to be made by Berry Bidco, pursuant to which Berry Bidco will acquire the entire issued and to be issued ordinary share capital of RPC.
International legal practice Osborne Clarke has advised the shareholders of Meritsoft, including leading growth investor Synova Capital, on its sale to Cognizant, one of the world’s leading professional services companies.
The transaction has generated an initial return to Synova of 4.0x invested capital and an IRR of 47% with further returns anticipated under the terms of an earn-out agreed with Cognizant.
The Guildford Corporate team has advised the shareholders of Gerald Simonds Healthcare Ltd on their sale to Borrum Healthcare Group Ltd.
The acquisition of Gerald Simonds Healthcare, which employs 35 people, enables Borrum Healthcare Group to enter the growing Elderly and Disabled Assistive Technology Market, which is estimated to exceed $26 billion by 2024.
Baker McKenzie recently advised West Knighton Limited ("West Knighton") in relation to the delisting and privatization of Cityneon Holdings Limited ("Cityneon") from the Singapore Exchange.
Ashurst advised Generali, a leading European insurance group, on the sale of its entire shareholding in Generali Worldwide Insurance Company ("Generali Worldwide") and Generali Link Limited to Life Company Consolidation Group, a company backed by Oaktree funds ("LCCG"). Completion of the sale occurred last week.
Generali received approximately €400 million for the sale of its stakes in Generali Worldwide and Generali Link.