The Bucharest office of the regional law firm Wolf Theiss assisted BT Investments, a member of Romania's largest financial group, Banca Transilvania Financial Group, in the sale of its 100% shares held in BT Operational Leasing, a company offering operational leasing and car rental services. The purchasers are two companies from Autonom group, the largest mobility network in Romania.
Travers Smith has advised long-standing client ECI Partners on the sale of Great Rail Journeys to Duke Street Private Equity generating a 3.6x return.
The Travers Smith team was led by Private Equity Partners Edmund Reed and Jim Renahan and also included Tax Partner Russell Warren, Finance Partner Andrew Gregson, Private Equity Associates Sally Hirst and Robert Coward, Tax Associate Ed Humphreys, Finance Associate Andrew Surgey and Employment Senior Associate Ailie Murray.
Clifford Chance has advised Royal DSM (“DSM”), a global science-based company in Nutrition, Health and Sustainable Living, and Sinochem Group (“Sinochem”), a Fortune 500 enterprise on the disposal of their 50/50 joint venture DSM Sinochem Pharmaceuticals (“DSP”), the global leader in sustainable antibiotics, next-generation statins and anti-fungals to Bain Capital Private Equity, a leading global private investment firm.
DLA Piper has advised Haas Group, the Austrian world market leader of wafer, biscuits, and confectionery production systems, on the sale of their global group to the Swiss company Bühler AG.
Bühler AG is a leading technology group and a leader in processing grains, rice, cocoa, coffee, and other raw materials as well as a leading solution provider of die-casting and surface-coating technologies in high-volume application areas, such as automotive, optics, and inks.
DLA Piper advised as outside corporate counsel for Grand Canyon Education, Inc (Nasdaq: LOPE) (GCE) in its sale of Grand Canyon University (GCU) to a nonprofit entity that will retain the GCU name. The transaction returns GCU to its historical roots as a nonprofit university to ensure the long-term legacy of both GCU and GCE.
Mayer Brown advised Steadfast Capital Fund III L.P. and Stanzwerk Jessen Management on the sale of all shares in the Stanzwerk Jessen Group. The buyer is the listed Feintool International Holding AG [SWX: FTON], headquartered in Lyss, Switzerland.
The transaction is still subject to the approval of the antitrust authorities. The parties have agreed not to disclose the purchase price.
Hill Dickinson’s corporate team has advised on the management buyout of national e-commerce network and specialist mail services distribution company The Delivery Group (TDG).
Following the sale of TDG’s international e-commerce logistics business to FedEx Corporation for £92m, which the team also advised on earlier this year, private equity investor Next Wave Partners has successfully exited its majority investment holding in TDG but will retain a significant minority shareholding in the remaining group.
Shakespeare Martineau has advised Asset Solutions Group on its management buyout to LDC.
LDC has backed the management buyout of the Kent-based retail and financial support services provider, investing £13m in the business.
Following the management buyout, Asset Solutions Group will trade as Retail & Asset Solutions and Vehicle & Asset Solutions in the UK and Retail & Vehicle Solutions in Ireland.
Fried Frank acted as counsel to CVC Capital Partners (“CVC”) in relation to its sale of Wireless Logic to Montagu Private Equity.
Wireless Logic is the market-leading provider in Machine-to-Machine (M2M) and Internet of Things (IoT) in Europe. Under the stewardship of CVC, Wireless Logic doubled its growth and acquired four businesses in the UK, Germany, and Denmark.
Fried Frank also represented CVC in the initial acquisition of Wireless Logic from ECI Partners in 2015.
We advised Assicurazioni Generali S.p.A. on the sale of Generali PanEurope dac (since renamed as Utmost PanEurope dac) to Life Company Consolidation Group (LCCG).