DLA Piper represented San Diego-based Mast Therapeutics, Inc., a biopharmaceutical company that makes clinical-stage therapies for serious or life-threatening diseases, in a merger agreement with Savara Inc., a specialty pharmaceutical company focusing on developing treatments for rare respiratory diseases.
Bankomat AB (Bankomat) and BDB Bankernas Depå AB (BDB) will merge and become one company operating in two separate business areas; cash machines and cash depot operations. The union will formally be done by the merger of the companies where Bankomat AB will be the remaining company to accommodate both operations. The merger is expected to be completed during the spring of 2017. The businesses will move to the same address and carry on under the name Bankomat AB.
On 20 December 2016, Linde AG (Linde) and Praxair Inc. (Praxair) announced that the companies intend to combine in a merger of equals under a new holding company through an all-stock transaction. The companies have signed a non-binding term sheet and expect to execute a definitive Business Combination Agreement as soon as practicable.
Hogan Lovells is representing Playa Hotels & Resorts in a definitive business combination with Pace Holdings (Pace) (NASDAQ:PACE), a special-purpose acquisition company (or SPAC) sponsored by an affiliate of TPG. The publicly traded company will have an initial estimated enterprise value of approximately US$1.75 billion.
Playa owns and operates 13 all-inclusive resorts located on prime beachfront properties in leading destinations in the Dominican Republic, Jamaica, and Mexico.
UBS has merged various wealth management subsidiaries in Germany, Italy, the Netherlands, Spain and Luxembourg into the new subsidiary UBS Europe SE, headquartered in Frankfurt.
Bär & Karrer is advising UBS on these transactions as counsel with respect to Swiss tax law.
The team includes Susanne Schreiber, Michael Abegg and Corinna Seiler (all Tax).
Linklaters is advising Mediahuis as it confirms proposals to join forces with Telegraaf Media Groep (TMG), creating a leading multimedia company in the Dutch-Belgian market. Mediahuis joined forces with VP Operations that currently holds an interest of 41.3% in TMG. Mediahuis has committed to making substantial investments in technology and (journalistic) innovation to remain competitive.
Herbert Smith Freehills is advising oOh!media Limited on its merger with APN Outdoor, a deal which will create a leading, diversified media group with a market capitalisation of A$1.6 billion.
Today, Playa Hotels & Resorts (Playa), a leading owner, operator, and developer of premier all-inclusive resorts, announced that it has entered into a definitive business combination agreement with Pace Holdings Corp. (NASDAQ:PACE), a special-purpose acquisition company sponsored by an affiliate of TPG.Playa to become publicly listed company
The combined company will retain the Playa name and will be a publicly listed company with an anticipated initial enterprise value of approximately $1.75 billion.
Freshfields has advised UBS AG on the combination of most of its European wealth management business into UBS Europe SE, a European company headquartered in Frankfurt am Main
Nabarro has advised CBRE UK Property Fund (UKPF) in the merger with Electricity Supply Pension Scheme (ESPS) UK property portfolio to create a £1.47bn fund. The fund is authorised by the Financial Conduct Authority (FCA) and is operated as a Property Authorised Investment Fund (PAIF).