Heuking Kuhn Luer Wojtek advised German investment firm Odewald KMU, which specializes in medium-sized businesses, on the sale of its stake in 7days group, a provider of workwear for the healthcare sector, to private equity firm Silverfleet Capital. A team led by Cologne-based partner Dr. Par Johansson worked extensively on this transaction on behalf of Odewald KMU. Marc Staperfeld and Ulrich Dolken, founders of 7days group, will remain with the company by way of share buyback.
 

Baker McKenzie has acted for privately-owned Australian probiotic market leader Life-Space Group owners having entered into a binding agreement for the sale of 100% of its shares to China-based BY-HEALTH Group (BY-HEALTH).

The transaction is subject to customary shareholder and regulatory approvals and implies an enterprise value for Life-Space Group of up to AUD $690 million.

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Prudential Holdings Limited (‘Prudential’), a subsidiary of Prudential plc, on its US$151m auction sale of 100 per cent of Prudential Vietnam Finance Company Limited (‘Prudential Vietnam Finance’), a Vietnam-based consumer finance business, for US$151m.  The purchaser is Shinhan Card Co. Ltd., a subsidiary of the Shinhan Financial Group (a leading Korean financial institution), and the sale is subject to regulatory approvals.

A team at Bevan Brittan led by Richard Hiscoke, has advised on the sale of the business of Buckinghamshire's rural broadband provider, Aylesbury Vale Broadband (AVB), to Gigaclear, the leading provider of full fibre broadband in rural locations. The deal will enable Gigaclear to serve the seven villages connected through AVB, as well as expand its existing ultrafast fibre-to-the-premises (FTTP) network further across Aylesbury Vale.

Global law firm Ropes & Gray has advised the founders of Thomas International, a leading international provider of psychometric assessment solutions, on the sale of a majority stake in the company to Palamon Capital Partners, a pan-European growth investor.  The terms of the transaction were not disclosed.

Davis Polk advised Millicom International Cellular S.A. on the sale to subsidiaries of Bharti Airtel Limited of its business in Rwanda, which is operated under the brand “Tigo.”

Millicom is a telecom and media company dedicated to emerging markets in Latin America and Africa, providing mobile services to more than 57 million customers. Airtel, headquartered in India, is a global telecommunications company with operations in 17 countries across Asia and Africa, ranking amongst the top 3 mobile service providers globally in terms of subscribers.

International law firm CMS has advised UAE property developer Union Properties PJSC (UP) on the sale of its entire 50% stake in district cooling services provider Emicool to Dubai Investments PJSC for AED500m. Dubai Investments PJSC is now the sole owner of Emicool, having already owned 50% of Emicool prior to its latest purchase.

Zurich | Baden – Axpo Holding AG (Axpo) has sold their participation in Elektrizitätswerk des Kantons Schaffhausen AG (EKS) to the Canton of Schaffhausen as part of a portfolio streamlining exercise.

In 2004 the Canton of Schaffhausen sold a 25% equity interest to Axpo Holding AG. Following a structured sale process implemented by Axpo in 2017, the Canton of Schaffhausen exercised its right of first refusal to acquire the participation at a price of 53 million Swiss francs.

KKR Completes Sale of Remaining Stake in Pets at Home Group Plc for £108 Million

The Firm represented affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) on the sale of its remaining stake in Pets at Home Group Plc (“Pets at Home”). The secondary offering, which was effected pursuant to a block trade by way of an accelerated book build, raised gross sale proceeds of approximately £108 million.

Zurich | Baden – Axpo Holding AG (Axpo) has sold their participation in Elektrizitätswerk des Kantons Schaffhausen AG (EKS) to the Canton of Schaffhausen as part of a portfolio streamlining exercise.

In 2004 the Canton of Schaffhausen sold a 25% equity interest to Axpo Holding AG. Following a structured sale process implemented by Axpo in 2017, the Canton of Schaffhausen exercised its right of first refusal to acquire the participation at a price of 53 million Swiss francs.