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.

International legal practice Osborne Clarke has advised ICS Group Holdings Limited (ICS Cool Energy) on its sale to Ingersoll Rand plc, a world leader in creating comfortable, sustainable and efficient environments.

Following its acquisition, ICS Cool Energy will be part of Ingersoll Rand’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business.

International legal practice Osborne Clarke has advised ICS Group Holdings Limited (ICS Cool Energy) on its sale to Ingersoll Rand plc, a world leader in creating comfortable, sustainable and efficient environments.

Following its acquisition, ICS Cool Energy will be part of Ingersoll Rand’s Commercial Heating, Ventilation and Air Conditioning (HVAC) business.

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.

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.
 

International law firm CMS, has advised CMS’ longstanding client euNetworks, a leading European bandwidth infrastructure provider, on its merger with investment firm Stonepeak Infrastructure Partners (“Stonepeak”). The transaction sees Stonepeak take a majority interest in euNetworks and the deal provides euNetworks with up to $500 million of committed growth capital for both organic and inorganic development.

DLA Piper has advised the founding shareholders of Deekeling Arndt Advisors in Communications GmbH (DAA) on the sale of the majority of their shares to Havas Group. The founders Egbert Deekeling and Olaf Arndt who prior to the transaction held the majority of shares and also lent their names to DAA, will remain in charge over the long term and continue to head over the company’s operative business as shareholders and managing directors. The company name will also remain unaffected.

DLA Piper has advised the founding shareholders of Deekeling Arndt Advisors in Communications GmbH (DAA) on the sale of the majority of their shares to Havas Group. The founders Egbert Deekeling and Olaf Arndt who prior to the transaction held the majority of shares and also lent their names to DAA, will remain in charge over the long term and continue to head over the company’s operative business as shareholders and managing directors. The company name will also remain unaffected.

International law firm CMS, has advised CMS’ longstanding client euNetworks, a leading European bandwidth infrastructure provider, on its merger with investment firm Stonepeak Infrastructure Partners (“Stonepeak”). The transaction sees Stonepeak take a majority interest in euNetworks and the deal provides euNetworks with up to $500 million of committed growth capital for both organic and inorganic development.

Willkie advises TRACE, TRACE’s co-founder, Olivier Laouchez, and the TRACE management team in the transaction.

TPG Growth, a middle market and growth equity investment platform of the global private investment firm TPG, announced it will acquire a majority stake in TRACE, a market leader in afro-urban music and entertainment. The remaining stake will be owned by TRACE’s co-founder Olivier Laouchez and the TRACE management team.