JAB Holding, together with management of the Swiss luxury show and accessories company, has entered into definitive agreements for the sale of control in Bally International A.G. to Shandong Ruyi Investment Holding, a leader in textiles and apparel in China. The transaction, which sees a reinvestment on the part of management alongside Shandong Ruyi, remains subject to closing conditions including customary regulatory approvals.
Slaughter and May acted for SLA on the sale of its capital-intensive insurance business to Phoenix. The total consideration upon completion will be £3.24 billion, including £2.28 billion in cash and a 19.99% shareholding in Phoenix. The sale is conditional upon the approval of SLA’s shareholders at a General Meeting, and certain other conditions.
Allen & Overy has advised ABN AMRO Bank N.V. on the acquisition by BGL BNP Paribas of all the outstanding shares in ABN AMRO Bank (Luxembourg) S.A. and its fully owned subsidiary ABN AMRO Life S.A.
ABN AMRO is the third largest bank in the Netherlands and serves retail, private and corporate banking clients with a focus on the Dutch market and selective international markets.
Burges Salmon has advised the UK and US senior management team of Hydro International on its acquisition by pan-European private equity firm Agilitas.
Burges Salmon’s corporate team has advised the UK and US senior management team of Hydro International on its acquisition by pan-European private equity firm Agilitas, with financing provided by EQT Credit, a Swedish private equity group, and Lloyds Bank.
An Orrick London team has advised the sellers — Precitox Holdings, Oratosio Holdings and Humberto Finance — in the $367 million sale of 100% of the share capital of H.E.C. Europe Limited, the parent company of Hellenic Environmental Center and a group of companies that together provide global port reception facilities services, to Aegean Marine Petroleum Network.
The purchase price includes the assumption of certain indebtedness, payable via a combination of debt, the assignment of certain accounts receivables, cash and shares of Aegean common stock.
An Orrick London team has advised the sellers — Precitox Holdings, Oratosio Holdings and Humberto Finance — in the $367 million sale of 100% of the share capital of H.E.C. Europe Limited, the parent company of Hellenic Environmental Center and a group of companies that together provide global port reception facilities services, to Aegean Marine Petroleum Network.
The purchase price includes the assumption of certain indebtedness, payable via a combination of debt, the assignment of certain accounts receivables, cash and shares of Aegean common stock.
Burges Salmon’s corporate team has advised the shareholders of Bristol based True Clarity on its acquisition by Valtech, a global digital agency focused on business transformation.
The cross-firm team was led by corporate partner Mark Shepherd and senior associate Tim Roberts.
Herbert Smith Freehills has advised global private equity firm EQT on the sale of diagnostic imaging business I-MED Radiology Network to fellow private equity firm Permira.
I-MED is the leading diagnostic imaging provider in Australia, performing almost five million procedures across 204 clinics every year.
Osborne Clarke has advised Calco Group, a leading Dutch provider of outsourced IT recruitment and training services to large blue-chip corporates, on its sale to Inflexion Private Equity Partners.
Calco Group specifically focuses on the provision of junior professionals mainly to the finance and insurance sectors with customers including the main banks and the top insurance companies in the Netherlands.
Law firm Stephenson Harwood LLP has advised Avico Group on the sale of its subsidiary Flybus to Transdev.
Avico Group offers a range of integrated services for the aviation transport industry, including aircraft leasing and chartering and airport facilities such as cabin cleaning and training. Flybus transfers passengers and aircrew between Paris Charles–de-Gaulle terminals and aircraft. It has a fleet of 50 buses serving more than 40 airlines, transporting over seven million passengers annually.