Slaughter and May is advising Ideal Jacobs (Malaysia) Corporation Berhad (‘Ideal Jacobs’) on the Hong Kong aspects of the proposed disposal of Ideal Jacobs (HK) Corporation Ltd and Ideal Jacobs (Xiamen) Corporation to Oriental Dragon Incorporation Limited for a total cash consideration of RM28.0 million. The transaction was announced on 18 August 2017.
We advised Alfred Berg Asset Management AB in a transaction in which Elite Asset Management Plc acquired Alfred Berg’s Finland entities, i.e. 100% of the shares in Alfred Berg Asset Management Ltd and Alfred Berg Funds Ltd. Alfred Berg Asset Management AB is BNP Paribas Asset Management’s subsidiary in the Nordic countries.
The major part of the acquisition was paid by issuing Elite’s new shares to the seller, which became a major shareholder in Elite.
Dusseldorf, 23 August 2017 – The international law firm BEITEN BURKHARDT provided legal advice to Elke Freimuth and Katrin Buck, the shareholders of eat-the-world GmbH, on the sale of all shares in Gruner + Jahr, one of Europe's biggest publishing houses. The transaction was notarised and consummated on 7 August of this year. The parties have agreed not to disclose the transaction volume.
The previous owners of Vitanas Holding GmbH ("VITANAS") and PFLEGEN & WOHNEN HAMBURG GmbH ("PFLEGEN & WOHNEN HAMBURG") have successfully completed the sale of the majority of their shares in the companies to the Oaktree group. Allen & Overy provided comprehensive advice to one of the sellers of PFLEGEN & WOHNEN HAMBURG in the sales process. Schrade & Partner acted as leading advisor to the VITANAS group on the sale. FPS Fritze Wicke Seelig advised the sellers in connection with the transaction, focussing on the areas of healthcare, social and real estate law.
Capiton IV GmbH & Co. Beteiligungs KG has sold its stake in Gess & Partner GmbH, an employment service provider based in Düsseldorf, to JR Holding AG. The buyer is a portfolio company of private equity firm AUCTUS Capital Partners. The purchase price was not disclosed. The transaction is currently awaiting approval from Germany’s Federal Cartel Office.
Clifford Chance is advising Exact Group B.V. on the sale of its US based business division Specialized Solutions, which provides enterprise resource planning and business software solutions primarily to the manufacturing industry, to funds advised by Apax Partners. Transaction terms have not been disclosed.
Davis Polk is advising A.P. Møller - Mærsk A/S in connection with its $7.45 billion disposal of Mærsk Oil to Total S.A. Under the agreed terms, Maersk will receive $4.95 billion in new Total shares, representing approximately 3.76% of the enlarged share capital of Total, and Total will repay $2.5 billion of Mærsk Oil’s debt to Mærsk at or shortly after closing. The transaction is expected to close in the first quarter of 2018, subject to the completion of customary closing conditions, including receipt of regulatory approvals.
Travers Smith LLP has advised the shareholders of Offsite Archive Storage and Integrated Services Holdings Limited (OASIS) on the sale of OASIS in a secondary buy-out backed by Montagu Private Equity (Montagu).
Seller
Royal FrieslandCampina N.V.
The Dutch investment company Standard Investment and FrieslandCampina have reached agreement on the take-over of FrieslandCampina Riedel B.V., producer of, among others, Appelsientje, CoolBest, DubbelFrisss, DubbelDrank, Taksi and Extran. We expect to have completed the transaction before the end of the year.
Value of transaction
Undisclosed, but more than 5 million.
De Brauw lead partner
Wiebe Dijkstra, Ton Schutte
De Brauw team
Loyens & Loeff advised Inergy Analytical Solutions B.V., a Netherlands-based company, provider of business intelligence and data warehouse solutions, on the disposal of a majority stake of its shares to Main Capital Partners B.V., a Netherlands-based private equity firm.