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M&A

China Biologic Products Redomicile from Delaware to the Cayman Islands

01 Aug 2017

Davis Polk advised China Biologic Products, Inc., a NASDAQ-listed company, in connection with its change of domicile from Delaware to the Cayman Islands by its merging with and into China Biologic Products Holdings, Inc., a wholly owned subsidiary of CBPO incorporated in the Cayman Islands, with CBPO Cayman surviving the merger and succeeding to all of China Biologic Products’s interests. Following the completion of the redomicile merger, CBPO Cayman qualifies as a foreign private issuer for U.S. securities law purposes and continues to be listed on NASDAQ under the same symbol.

Clifford Chance advises McLaren Group on the combination of McLaren Automotive and McLaren Technology Group

31 Jul 2017

Clifford Chance has advised McLaren Group on the combination of McLaren Automotive – a globally renowned luxury high performance car manufacturer – and McLaren Technology Group, which includes one of the world’s oldest and most successful race teams and a high growth technology business. As part of the transaction, Clifford Chance advised on the financing arrangements, including the issuance of £564 million senior secured notes and a working capital facility.

Freshfields advises Jimmy Choo PLC on its takeover by Michael Kors Holdings Limited

28 Jul 2017

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Jimmy Choo PLC (‘Jimmy Choo’), a premier global luxury footwear and accessories brand, in connection with its takeover by Michael Kors Holdings Limited (‘Michael Kors’), a global fashion luxury brand, for £896m, which was announced on 25 July 2017. Freshfields has advised Jimmy Choo since its IPO on the London Stock Exchange in 2014. On 24 April 2017, Jimmy Choo announced that it was seeking offers for the company via a formal sale process.
 

Shearman & Sterling Advises GE on Combination of Its Oil and Gas Business With Baker Hughes

25 Jul 2017

Shearman & Sterling advised GE on its agreement with Baker Hughes to combine GE’s oil and gas business with Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. Baker Hughes, a GE company, (BHGE) is the first and only company to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development.

Hengeler Mueller advises METRO on demerger

24 Jul 2017

METRO AG has divided itself into two independent listed entities by way of spin-off. Since the demerger came into effect with the entry into the commercial register on 12 July 2017, the Wholesale and Food Specialist group formerly operated by the sales divisions of METRO Cash & Carry and Real is led by METRO Wholesale & Food Specialist AG (prospectively METRO AG). The Consumer Electronics business will remain within METRO AG (prospectively CECONOMY).

Gide, co-counsel to Groupement Les Mousquetaires on its project to join forces with Bricorama

13 Jul 2017

Gide has advised Groupement Les Mousquetaires, alongside law firm Jean-Claude Coulon & Associés, on its project to combine Bricorama SA (operating under brand name Bricorama) and ITM Équipement de la Maison (operating under brand names Bricomarché and Brico Cash), with a view to the acquisition, by the subsidiary of Groupement Les Mousquetaires, of the French (Bricorama SAS and subsidiaries) and Spanish activities of Bricorama SA, as well as its Asian sourcing office.

Advising Allianz Global Investors on merger with Rogge Global Partners

12 Jul 2017

International law firm Simmons & Simmons has advised Allianz Global Investors on the cross-border merger with Rogge Global Partners.

With effect 03 July 2017, Allianz Global Investors GmbH (AllianzGI) has implemented the cross-border merger of its subsidiary Rogge Global Partners Limited (RGP). RGP, based in London, is specialized on managing bond strategies; it was acquired by AllianzGI in June 2016 and has now been merged into AllianzGI.

Roschier represents YIT Corporation in its proposed combination with Lemminkäinen

06 Jul 2017

Roschier represents YIT Corporation in its proposed combination with Lemminkäinen. The combination will be effected through an absorption merger whereby Lemminkäinen is merged into YIT. YIT's shareholders will own approximately 60% and Lemminkäinen's approximately 40% of the combined company. The preliminary combined annual revenue of the combined company is approximately EUR 3.4 billion and operating profit approximately EUR 85 million and it will employ around 10,000 employees located in 11 different countries. (June 2017)

Demerger of RobecoSAM AG in respect of its fund representation business and authorization of Robeco Switzerland AG, Zurich as representative of foreign collective investment schemes

06 Jul 2017

Lenz & Staehelin acted as counsel to Robeco Group in connection with (i) the demerger of RobecoSAM AG in respect of its fund representation business in accordance with the Swiss Federal Act on Merger, Demerger, Conversion and Transfer of Assets and Liabilities and (ii) with the authorization of Robeco Switzerland AG by the Swiss Financial Market Supervisory Authority (FINMA) to act as representative of foreign collective investment schemes.