DLA Piper has advised U Global Holding AB on the sale of Universum to the online job platform StepStone, a company of Axel Springer SE.
The transaction is subject to competition authority approvals. Universum is the global leader in employer branding.
Accolade is the largest producer of Australian wine and the fifth largest wine company in the world. It can trace its wine-making history back to 1853, and remains the owner of an historic portfolio of brands including Hardys, Grant Burge and Houghton. Accolade Wines delivers over 35 million cases to more than 140 countries each year.
The deal sees Carlyle acquire both CHAMP's 80 per cent stake in Accolade and the 20 per cent minority interest held by US liquor company Constellation Brands, Inc.
Nasdaq and Toronto Stock Exchange listed Mitel Group sells its German direct systems integrator DeTeWe Communications GmbH to Ostertag. Taylor Wessing has been advising Mitel in this transaction, through which Mitel is selling its non-core system integration business to Ostertag, a prominent platform-independent ICT systems integrator in Germany. Upon Closing, DeTeWe Communications, as part of the Ostertag Group, will continue to be a channel partner for Mitel in Germany, and all other existing suppliers.
Osborne Clarke has advised the Senior Management team of OrthoD Group on its buyout funded by healthcare specialist Apposite Capital.
The deal provides a successful exit for previous investors, Riverside Europe Partners LLP (the European arm of The Riverside Company the global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million), almost 10 years to the day following its first investment in OrthoD.
Norton Rose Fulbright has advised German financial services group Wüstenrot & Württembergische AG (W&W) on the sale of its subsidiary Wüstenrot Bank AG Pfandbriefbank (Wüstenrot Bank) to Bremer Kreditbank AG (BKB). At the same time, a comprehensive sales cooperation agreement was signed with the bank under new ownership, whereby mutual financial products can be supplied and the sales force further increased. The transaction is subject to regulatory approvals.
Davis Polk is advising iKang Healthcare Group, Inc. in connection with its acquisition for $41.20 per common share or $20.60 per American Depository Share by a consortium consisting of certain funds affiliated with Yunfeng Capital, Alibaba Group Holding Limited and certain of iKang’s senior management. The transaction is subject to customary closing conditions, including approval by the shareholders of iKang and is expected to close in the third quarter of 2018.
Charles Russell Speechlys has advised the institutional and management shareholders of Small World Financial Services Group Limited, a leading multi-channel cross-border payment service provider, on the sale of Small World to European private equity firm, Equistone.
Hill Dickinson’s corporate team has advised The Delivery Group, a Next Wave Partners’ portfolio company, on the sale of P2P Mailing, its E2E international e-commerce delivery solutions subsidiary, to FedEx Corporation for £92 million.
Herbert Smith Freehills has advised IFM Investors on the sale of Ecogen to EnergyAustralia for an enterprise value of A$205 million.
Ecogen is the owner and operator of the 510MW Newport power station and 440MW Jeeralang power station, both located in Victoria. The two power stations provide peaking and intermediate-load generation and account for around 9% of Victoria’s generation capacity. Since 1999 they have been operated by Ecogen under a Master Hedge Agreement with EnergyAustralia and its predecessors. The Master Hedge Agreement is due to expire in 2019.
DLA Piper has advised one of Australia's most exciting high growth companies, industrial IoT machine monitoring company MOVUS, on its Series A Venture Capital Funding Round which completed on 19 March.
Blackbird Ventures, Telstra Ventures and Skip Capital all invested in the round, with the funds to be used by MOVUS to support its next phase of growth and development.