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M&A: Seller's Counsel

DLA Piper advised on Boscastle sale to Pacific Equity Partners

02 May 2018

DLA Piper advised Boscastle Pastries and Foods on its sale to Patties, owned by Pacific Equity Partners.

Boscastle Pastries and Foods is an award-winning Australian business, producing gourmet pies, pasties and quiches for the retail and wholesale markets.

Pacific Equity Partners (PEP) is one of Australia’s leading private equity firms.

The DLA Piper team included Corporate partner and head of the firm’s Melbourne office, David Hallam, and Corporate senior associate Dylan Burke.

New partner starts off strong advising on sale of Zeetings to Canva

30 Apr 2018

After it was announced that she will become a Herbert Smith Freehills partner on 1 May 2018, Malika Chandrasegaran is off to a flying start advising cloud based presentation start-up, Zeetings on its sale to tech unicorn Canva.

The deal marks Canva’s first acquisition and will allow the company to expand its capabilities in the presentation space. As part of the deal, Zeetings CEO and co-founder Rob Kawalsky and other members of the team will be joining Canva.

Herbert Smith Freehills advises PageUp People Limited on transformational transaction

30 Apr 2018

Herbert Smith Freehills has advised one of the founders of PageUp People Limited on its acquisition by Battery Ventures, a global investment firm founded in 1983.

PageUp is a leading provider of talent management software and offers a fully integrated suite of products covering recruitment, employee on boarding, performance management, learning and career development and succession management.

Kirkland & Ellis Advises Pamplona Capital on Sale of PPF

27 Apr 2018

Kirkland & Ellis International LLP is advising Pamplona Capital Management on the sale of Partner in Pet Food (‘PPF’), a market-leading European pet food company headquartered in Hungary, to Cinven. The transaction was announced on April 26, 2018.

The Kirkland team, in London, was led by corporate partners David Higgins, Gavin Gordon and Andrej Wolf.

Kirkland & Ellis also advised Pamplona on its acquisition of PPF from Advent International in April 2015.

Herbert Smith Freehills advises PageUp People Limited on transformational transaction

27 Apr 2018

Herbert Smith Freehills has advised one of the founders of PageUp People Limited on its acquisition by Battery Ventures, a global investment firm founded in 1983.

PageUp is a leading provider of talent management software and offers a fully integrated suite of products covering recruitment, employee on boarding, performance management, learning and career development and succession management.

Taylor Wessing advises Rutland Partners on sale of Pizza Hut

26 Apr 2018

Taylor Wessing has advised longstanding client Rutland Partners on the sale of Pizza Hut Restaurants UK to its existing management team led by Jens Hofma (CEO). The disposal concludes an extremely successful investment for Rutland Fund II.

Rutland first acquired Pizza Hut Restaurants UK (excluding the Delivery Business) in November 2012 from the global franchisor, Yum! Brands.

BEITEN BURKHARDT has advised the shareholders of MM Solutions AD on the sale of all shares to AchieveSky Europe S.à r.l.

25 Apr 2018

BEITEN BURKHARDT has advised the shareholders of the Bulgarian stock corporation MM Solutions AD on the sale of all shares to AchieveSky Europe S.à r.l. The transaction was closed in March 2018.

MM Solutions AD is an internationally operating software developer, based in Sofia, Bulgaria, which is leading in the field of image and video processing for tablets, e-books and smartphones.

The buyer, AchieveSky Europe S.à r.l., is a subsidiary of the listed Chinese software developer Thunder Software Technology Co. Ltd based in Beijing.

Herbert Smith Freehills advises Sky on the sale of Sky Betting & Gaming

25 Apr 2018

Herbert Smith Freehills has advised Sky on the sale of its 20% stake in its online betting and gaming business, Sky Betting & Gaming (“SBG”) to The Stars Group Inc. (“The Stars Group”), a Canadian company listed on both the Toronto and Nasdaq stock exchanges, which specialises in online gaming.

This disposal follows the initial sale of Sky’s majority stake in SBG to CVC Capital Partners (“CVC”) in 2015 which, taken together, will crystallise a total value of c.£1.2bn for Sky shareholders.