Greenberg Traurig Germany advised PLDT Inc., the largest telecommunications company in the Philippines (PLDT), on its participation in the share buyback programme of Rocket Internet SE (Rocket Internet). PLDT's subsidiary PLDT Online Investments Pte Ltd. (PLDT Online) was an anchor participant in the programme and offered 6.8 million shares to Rocket Internet. This corresponds to about 67 percent of PLDT Online’s stake in Rocket Internet. The offer was accepted by Rocket Internet at a purchase price of 24 Euro per share.

Sidley advised Five Arrows Principal Investments (the private equity arm of Rothschild) on its sale of and subsequent co-investment with TA Associates in its portfolio company, Datix. Datix is a patient safety and risk-management software company, which works closely with healthcare organizations in order to improve patient care. It operates in multiple regions globally, including the United Kingdom, the United States, Canada, Australia and the Middle East.

Gide has advised specialist pan-European hotel investment and management business Algonquin Management Partners on its acquisition by Schroders. Established in 1998, Algonquin currently manages assets throughout Europe, representing over 7,500 hotel rooms and 1.8 billion euros' worth of assets. These hotels are primarily managed through Algonquin's own brands or internationally renowned franchises, including Sheraton, Marriott, Hyatt, Radisson and Sofitel.

UK-based infrastructure and cloud specialist Union Solutions has been acquired by leading managed IT services provider Claranet.

Union represents the latest in a string of technology businesses to be added to the Claranet Group in recent years and will enable Claranet to expand its customer base and service capabilities.

Slaughter and May is advising Shire plc (Shire) on a recommended offer by Takeda Pharmaceutical Company Limited (Takeda) for the entire issued and to be issued ordinary share capital of Shire (the Proposed Transaction). The Proposed Transaction was announced on 8 May 2018.

Stuttgart – Chinese technology group Shenzhen Kaizhong Precision Technology Co. Ltd. has acquired German automotive supplier smk systeme metall kunststoff GmbH & Co. KG, which is based in Filderstadt. In addition to all the limited partner shares and other shares in smk, the purchase includes the business premises in Filderstadt and Berga. The transaction is still subject to approval from the Chinese authorities. Closing of the deal is expected at the end of the second quarter of 2018. The parties agreed not to disclose details of the terms.

The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the Kathrein Group on the sale of its subsidiary Katek GmbH to the investment holding PRIMEPULSE SE. The sale of Katek GmbH is part of the Kathrein Group’s restructuring and its focus on core competencies in the field of high-frequency technology.

Paul Hastings LLP, a leading global law firm, announced today that it has advised the shareholders of the Circet group (CM-CIC Investissement, Omnes Capital and the management team led by Philippe Lamazou) in connection with the LBO of the group structured by Advent International alongside the management team and Omnes Capital as minority co-investors.

Bird & Bird advises Semtech on the sale of Idosens to WIKA Alexander Wiegand SE & Co KG (“WIKA”).

International law firm Bird & Bird's French Corporate team has advised Semtech France on the sale of its stake in Idosens, an Internet of Things (“IoT”) company with offices in Meylan, to WIKA.
 
Semtech is a publicly traded (NASDAQ) leading supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms for high-end consumer, enterprise computing, communications, and industrial end-markets.

Hill Dickinson’s corporate team has acted for the shareholders of Stoke-headquartered international creative agency, CIC Creative (CIC), on its sale to Chorley-based Blink-Photo Limited.

Blink-Photo, operating under parent company Blink Group Limited, has acquired CIC for a seven-figure sum. Prior to the acquisition, Blink Group employed 50 staff members across Blink-Photo and sister company Blink MCR with a combined turnover of more than £4m. Following the deal, CIC's 36-strong team will join the Blink Group.