The firm’s Corporate team advised Play Sports and its founder shareholder on the acquisition by Discovery, Inc of a majority stake to form global cycling platform
DLA Piper represented CIRCOR International, Inc., a provider of flow control solutions and other highly engineered products for the industrial, energy, aerospace and defense markets, in the sale of its Reliability Services business to an affiliate of RelaDyne LLC for approximately US$85 million.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Fuller, Smith & Turner PLC (‘Fuller’s’), which operates pubs, hotels and a premium beer business, on the sale of its entire premium beer business to Asahi Europe Ltd (‘AEL’), a wholly owned subsidiary of Asahi Group Holdings, Ltd (‘Asahi’), for an enterprise value of £250m on a debt free, cash free basis.
International law firm Bird & Bird continue to advise Earthport, a UK-based FinTech company, as the target of a now competing takeover bid by Mastercard by way of a takeover offer for £233 million. Mastercard's offer follows the bid that the Company received from Visa in December 2018 and represents a 10 per cent increase on the price offered by Visa.
Transaction by Madrid-based Telefonica is a landmark deal in Latin America in 2019.
Leipzig - Harald Quandt Industriebeteiligungen GmbH, a private equity firm owned by the Harald Quandt family, acquired a majority stake in the procilon Group at the end of December 2018. procilon is a solution provider for information security and data protection. The long-term partnership is aimed at driving forward the Group's growth and international expansion. The parties agreed not to disclose the purchase price.
International legal practice Osborne Clarke assisted The Adecco Group with the sale of Adecco Home Services to Fimmus Group. Adecco Home Services provides in home cleaning and light domestic work for private individuals in Belgium as part of a government subsidized scheme that uses service vouchers (the so-called “dienstencheques” or “titres services”) for remuneration. The more than 1300 employees – mainly domestic helpers – involved will continue to work with the Fimmus Group under the brand name Glax.
On 22 January TomTom announced the sale of its Telematics business to Bridgestone Europe NV/SA for a purchase price of EUR 910 million. TomTom intends to return the vast majority of the proceeds, being EUR 750 million, through a capital repayment combined with a share consolidation.
De Brauw advises TomTom which led by partner Reinier Kleipool and the following team Barbara Kloppert, Frank Hamming, Paula Ravensbergen, Daniël van Gerven and Ravenne van de Paverd
Other advisors
Deutsch: Orrick berat EQT bei Verkauf der UDG an PIA
Orrick has advised EQT Expansion Capital II on the sale of UDG, a specialized German agency group for digital marketing services and communications, to leading digital agency group Performance Interactive Alliance (PIA), owned by European mid-market private equity firm Equistone.
Slaughter and May is advising RPC Group Plc (“RPC”) on a recommended final cash offer for RPC’s entire issued and to be issued share capital by Rome UK Bidco Limited, a company formed on behalf of funds managed by Apollo Management IX, L.P.