Ropes & Gray has advised global investment firm Avenue Capital Group on the £106.8m sale of Hawthorn Leisure Holdings, the 298-strong UK pub group, to leading UK property investor NewRiver.
Allen & Overy has advised SEB Fund Services S.A., a Luxembourg subsidiary of the Swedish banking group Skandinaviska Enskilda Banken (SEB), on its acquisition by FundRock Management Company S.A.
SEB Fund Services S.A. is a wholly owned subsidiary of SEB that handles legal and administrative services for medium-sized Nordic asset managers with mutual funds domiciled in Luxembourg.
Eversheds Sutherland advises John Guest Holdings’ shareholders on its sale to Reliance Worldwide Corporation
Eversheds Sutherland has advised the shareholders of John Guest Holdings – a leading British engineering company with a global reach – on its £687 million sale to Reliance Worldwide Corporation (RWC). The transaction was announced on 24 May.
Antin Infrastructure Partners and Cube Infrastructure Managers, private equity funds focused on infrastructure investments, have entered into exclusive negotiations in relation to the contemplated acquisition of Idex, the leading independent energy infrastructure and energy services company in France, by Antin Infrastructure Partners.
Idex is an integrated operator of energy infrastructure assets, operating 41 district heating and cooling networks, 13 energy-from-waste facilities and a large portfolio of energy services contracts for a wide variety of counterparties.
Karl Jansen and Victoria Rooksby from Freeths’ corporate team acted for the shareholders on their recent sale of Parkinson Harness Technology Limited to Dhoot Transmission, an Indian wire harness manufacturer.
Established in 1975, Parkinson Harness Technology is one of the UK’s leading cable harness/loom manufacturers and supplies a number of UK leading companies including JCB, Terex, Thwaites, Dennis Eagle, employing over 160 people at its Boston facility in Lincolnshire.
Fried Frank acted as counsel to Permira Funds in its US$1.68 billion sale of Magento Commerce, an e-commerce platform, to Adobe. Magento Commerce was acquired by Permira from eBay Inc. in 2015. The Magento Platform brings together digital commerce, order management, and predictive intelligence into a unified commerce platform enabling shopping experiences across a wide array of industries. Adobe is the leader in designing and delivering digital experiences through content and data.
Osborne Clarke has advised Düsseldorf-based start-up, Shop.co, on its acquisition by Swedish payment service provider, Klarna.
Shop.co has developed a browser extension that enables users to save preferred products in various online shops when shopping online. Customers are able to purchase these products directly using a single shopping basket without having to order on different sites. Klarna has already acquired various start-ups in Germany and is rated at a value of more than two billion euros.
Baker McKenzie has acted as legal counsel in connection with the sale of Cyclopharma to the Curium group, excluding existing R&D activities and the international operations of Cyclopharma which have been taken over by the Denos group, the seller and majority shareholder.
Created in 2000, the French pharmaceutical laboratory, Cyclopharma specialises in molecular imaging, develops and produces diagnostic PET tracers. This technique is used notably in oncology, neurology and cardiology sectors. The company currently has 100 employees.
Willkie advised Ardian on the transaction.
Willkie client Ardian, an independent private investment company, announced that it has signed an agreement on selling ESIM Chemicals (“ESIM”), a leading Austrian fine chemicals manufacturer and among the top three of crop protection producers in Europe, to an affiliate of Sun European Partners, LLP (“SUN”).
Kirkland & Ellis is advising EQT Partners on its sale of leading medical device company HTL-Stefa (‘HTL’) to Investindustrial for an undisclosed consideration. Headquartered in Poland, HTL is a global market-leader in blood micro-sampling devices and provides products to over 80 countries. Following this transaction, which was announced on May 16, 2018, HTL will be combined with PIC, the healthcare business of Investindustrial portfolio company Artsana.
The Kirkland team, in London, was led by corporate partners Roger Johnson and Joel Arnell.