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M&A: Seller's Counsel

Gide, counsel to group Mölnlycke Health Care on the sale of PharmaSet to Hemodia

16 Apr 2018

Established in 1993, Toulouse-based manufacturer of single-use surgical kits for hospitals, PharmaSet, has belonged since 2008 to Swedish group Mölnlycke Health Care, one of the world's leading manufacturers of wound care and single-use surgical products for healthcare professionals.

The Swedish group has now sold PharmaSet to Hemodia, which specialises in manufacturing haemodialysis tubing, single-use care kits, plastics processing and arthroscopy products.

Kirkland & Ellis Advises Actera and Esas on US$1.2 BN Sale of U.N. Ro-Ro

13 Apr 2018

Kirkland & Ellis is advising Turkish private equity firms Actera Group and Esas Holdings on the sale of shipping operator U.N. Ro-Ro to DFDS for approximately €950 million (US$1.17 billion). The transaction, announced on April 12, 2018, allows Danish shipping and logistics company DFDS to expand its fleet and network as U.N Ro-Ro operate five freight routes between Turkey, Italy and France.

The Kirkland team was led by London corporate partner David Arnold and associate Amelia Doughty.

Eversheds Sutherland advises the Mattel Group on its sale of the Corolle Dolls to the Simba Dickie Group

11 Apr 2018

Mattel Inc., the US corporation listed on Nasdaq and worldwide specialist in games and toys, including the famous Barbie doll, sold its business consisting in the manufacturing and distribution of Corolle dolls, to German group Simba Dickie. Those dolls, made in France and acquired by Mattel in 1990, will thus be added to Simba Dickie’s portfolio. Simba Dickie is notably known for its Smoby and Majorette brands.

Shoosmiths advises on sale of country's largest traffic management company

11 Apr 2018

Shoosmiths has advised on the sale of Chevron Traffic Management (Holdings) Limited (Chevron Traffic Management) to European private equity firm, Triton.

Chevron Traffic Management is the largest traffic management company in England and Wales and specialises in the provision of temporary traffic management in accordance with NHSS (National Highway Sector Schemes), providing support on a range of schemes. It was previously owned by long term investor Portchester Equity Ltd.

Clifford Chance advises Europcar on the sale of its 25% stake in car2go Europe

10 Apr 2018

Clifford Chance has advised Europcar, the European leader in vehicle rental services and a major player in mobility markets, on the sale of its 25% stake in car2go Europe to joint venture partner Daimler Mobility Services.

The sale of this 25% stake in car2go Europe will contribute to the funding of the contemplated expansion of the Europcar group in the New Mobility segments such as car sharing, ride hailing, multi-modal platforms and car pooling.

DLA Piper advises Rolls-Royce Power Systems on its sale of L`Orange GmbH to Woodward Inc.

10 Apr 2018

DLA Piper has advised Rolls-Royce Power Systems AG on its sale of L´Orange GmbH to Woodward Inc. Rolls-Royce plc. and Woodward Inc. jointly announced today that they have signed an agreement for Woodward to acquire L´Orange and all its operations located in Germany, the United States and China, for 700 million Euro enterprise value. L´Orange is part of Rolls-Royce Power Systems AG.

TLT acts on sale of Stirling Dynamics to Assystem Technologies

10 Apr 2018

TLT’s Corporate team has advised on the sale of Sunday Times SME Export Fast Track 100 company Stirling Dynamics to Assystem Technologies, a global provider of engineering services, quality assurance and consulting.

Stirling Dynamics, headquartered in Bristol, provides specialist engineering services and active control products for commercial and defence clients in the global aerospace and marine markets. It employs more than 90 highly skilled staff and supports over 70 different aircraft types and nine navies worldwide.

Eversheds Sutherland acts for Shell on US$329 million strategic divestment in Oman

09 Apr 2018

Eversheds Sutherland has assisted Shell on the strategic sale of Shell Exploration and Production Oman Limited (SEPOL) to Indian Oil Corporation subsidiary IOCL Singapore PTE Ltd, in a transaction worth US$329 million.

As a result of the deal, Indian Oil Corporation will hold a 17% interest in the Mukhaizna Production Sharing Agreement in Oman, as well as the Marketing Rights for entitlement oil. The sale is part of Shell’s wider strategy to sell non-core assets or companies to meet its divestment target of US$30 billion.