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M&A: Seller's Counsel

Dentons advises Poland's largest healthcare group on the sale of a pharmaceutical subsidiary

21 Mar 2018

Dentons has advised Pelion S.A. on the sale of 100% of shares in Eubioco S.A., a contract manufacturer of medicines, diet supplements, medicinal products, pharmaceutical substances, dermocosmetic products and disinfectant liquids. The shares were sold to Nevu.

Pelion is Poland's largest healthcare sector corporation with annual turnover of more than PLN 9 billion and over 9,000 employees. The Pelion group has approximately 170 subsidiaries.

Proskauer Represents Formosa International Hotels Corporation in Sale of 51% Majority Stake in Regent Hotels & Resorts

19 Mar 2018

International law firm Proskauer represented Formosa International Hotels Corporation [TPE:2707], an international luxury hospitality group based in Taiwan, in entering into an agreement for the sale of a 51% stake in the Regent Hotels and Resorts brand to InterContinental Hotels Group (IHG) [NYSE:IHG] for US$39 million in cash.

DLA Piper advises Wipro on the USD 405 million sale of its hosted data centre services business to Ensono

19 Mar 2018

DLA Piper has advised Wipro Limited, a leading global IT consulting and business process services company, on its entering into a definitive agreement to divest its hosted data centre services business to Ensono for US$405 million.

This divestment, which is expected to close in the quarter ending June 2018 following the completion of customary closing conditions and regulatory approvals, allows Wipro to unlock value by transitioning eight data centres and over 900 employees of its hosted data centre services business to Ensono.

TLT acts on ICS Robotics sale

19 Mar 2018

TLT has advised on the sale of ICS Robotics and Automation, one of the UK's leading robotic and welding automation specialists, to global robotic automation company AWL Group.

TLT has extensive experience of working with the UK's fast-growing automation industry and advising businesses on how to achieve their growth ambitions. The firm delivered an end-to-end service from due diligence and negotiation through to tax, property and completion.

Restructuring & Insolvency Team Advises on Sale of Care Asset Management

14 Mar 2018

Squire Patton Boggs has advised FRP Advisory LLP on the sale of independent financial adviser Care Asset Management to Later Life Asset Management Limited and Integrity Asset Management Limited, after the business entered into administration on 24 January 2018.

Care Asset Management is an independent financial adviser providing retirement planning, estate and tax planning, care fee funding, legal services and investment and wealth management services to approximately 280 clients across the UK.

Firm Advises on Sale of Cassellie Limited

14 Mar 2018

Squire Patton Boggs has advised on the sale of Cassellie Limited, a designer and importer of bathroom products, to Mobility Group, a UK-based supplier of mobility adapted bathrooms, backed by Lonsdale Capital Partners.

Headquartered in Leeds, Cassellie designs, manufactures and distributes a wide range of bathroom products to building merchants, online specialist retailers, DIY retailers, e-commerce and catalogue retailers in the UK and Europe.

Charles Russell Speechlys advises management of MRH on £1.2 billion MRH sale

14 Mar 2018

Charles Russell Speechlys has advised the MRH management team in relation to the sale of MRH to Clayton, Dubilier & Rice-backed Motor Fuel Group (MFG). The transaction is valued at approximately £1.2 billion.

Together, MFG and MRH will operate more than 900 petrol and convenience retail sites across the UK and this is expected to place them as the country’s top operator by number of sites.