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M&A: Seller's Counsel

Allen & Overy advises Scout24 on announcement of public takeover offer by Hellman & Friedman / Blackstone

22 Feb 2019

Allen & Overy is advising Scout24 AG (Scout24), a leading operator of digital marketplaces specialising in the real estate and automotive sectors in Germany and other European countries, in connection with the announcement of a voluntary public takeover offer by a holding company which is controlled jointly by funds that are in turn advised by Hellman & Friedman LLC (H&F) and group companies of Blackstone Group L.P. (Blackstone) as well as in connection with the conclusion of an investment agreement.

R&D PHARMA ACQUIRED BY WEEKEND UNLIMITED

22 Feb 2019

On Feb. 20, 2019, Weekend Unlimited Inc. (CSE: POT) (FSE: 0OS1) (OTCMKTS: WKULF) completed its previously announced arms-length acquisition of R&D Pharma Corp.

R&D Pharma is a Canadian company building a vertically integrated medical cannabis business in Jamaica. The company has secured a Tier 3 Cultivator's License (only one of three presently issued in the country), which allows for full cultivation of cannabis plants on land of over 5 acres.

BUILDERS' SUPPLIES LIMITED TARGET OF CROSS-BORDER ACQUISITION

22 Feb 2019

On Feb. 7, 2019, US-based Foundation Building Materials, Inc. (NYSE: FBM) announced its cross-border acquisition of Builders' Supplies Limited of Mississauga, Ontario.

Builders' Supplies is a key distributor of industrial and commercial building materials in the Greater Toronto market with yards in Mississauga, Brampton, Scarborough and Cambridge, Ontario.

TLT advises BJL on acquisition by Dentsu Aegis Network

22 Feb 2019

TLT has advised the shareholders of Manchester-based creative agency BJL on the acquisition of the business by Dentsu Aegis Network.

The deal, for an undisclosed amount, saw TLT advise BJL’s CEO Nicky Unsworth, Managing Partner Jackie Holt and Commercial Director Iain Kerr, who all completed a management buyout of the agency in 2004. The trio will remain in their roles and will continue to lead BJL following the deal.

Exit in Online Marketing: Taylor Wessing advises Videobeat Networks GmbH on the sale of its majority stake to Dentsu Aegis

22 Feb 2019

The British-Japanese agency group Dentsu Aegis Network has acquired a majority stake in Videobeat Networks GmbH, a full-service agency with offices in Hamburg, Berlin, London, Paris and New York that produces and manages data-driven, cross-platform TV and online video campaigns. In addition to strategic consulting and media purchasing, the agency also handles the creation and platform-specific production of moving image content for its clients.

Orrick Advised Findos Investor on Sale of Rameder Group to FSN Capital

20 Feb 2019

Orrick advised independent mid-market private equity fund Findos Investor on the sale of its majority stake in auto parts retailer Rameder Group to FSN Capital.

Findos Investor is a Munich-based independent mid-market private equity fund backed exclusively by prestigious German family-owned companies as investors. It invests in medium-sized companies with a turnover of €25-200 million, growth potential, an established market position, and independent management.

White & Case Advises Mid Europa Partners on Sale of Bambi to Coca-Cola HBC

20 Feb 2019

Global law firm White & Case LLP has advised Mid Europa Partners (Mid Europa) on the sale of Bambi, the leading biscuit producer in the countries of former Yugoslavia, to Coca-Cola HBC.

Mid Europa acquired Bambi in 2015 together with Imlek and Knjaz Miloš, the leading regional dairy and natural mineral water companies, respectively, forming the consumer group Moji Brendovi.

Gide, counsel to Société Générale group on closing the sale of Self Trade Bank S.A.U., a Boursorama subsidiary, to Warburg Pincus

20 Feb 2019

Gide has advised Societe Generale group on closing the sale of the entire stake of Boursorama in Self Trade Bank S.A.U., its Spanish subsidiary, to private equity fund Warburg Pincus.

The sale was announced in June 2018.

This transaction is part of Societe Generale group's continuous effort to simplify its setup and to focus on its core businesses to create synergies within the group.

CMS AD­VISES DV4 LIM­ITED AND MAN­AGE­MENT ON £370M LO­GIST­ICS DIS­POS­AL

20 Feb 2019

CMS has acted for Delancey-advised fund, DV4 Limited, and management on the sale of its investment in db Symmetry (dbS) to Tritax Big Box REIT plc (Tritax). The deal values dbS at £370m with the consideration being settled in cash and shares. Completion of the sale was conditional upon FTSE 250-listed Tritax successfully completing a placing and open offer to raise acquisition funds.