Advised Insinger de Beaufort in the recent intended merger with Theodoor Gilissen. The merger will create a new private bank with more than EUR 20 billion of assets under management.
Houthoff Buruma team included: Willem de Nijs Bik , Baukje Dreimüller , Harry Sanders , Edward de Bock , Jet Stolk , Laila Berrich
Orrick, Herrington & Sutcliffe represented JD.com, Inc. (“JD”; NASDAQ: JD), the largest online direct sales company in China, on the merger of its O2O business, JD Daojia, and Dada Nexus Limited (“Dada”), China’s largest crowdsourcing delivery platform.
The deal is expected to close in the second quarter of 2016, subject to certain closing conditions. Being the largest shareholder of the new entity, JD.com will receive approximately 47.4% of the new company’s equity in exchange for various resource support and US$200 million in cash.
Slaughter and May advised VocaLink limited on the separation of the LINK Scheme from VocaLink and the re-negotiation of VocaLink’s processing contract with the LINK Scheme and its members.
VocaLink designs, builds and operates payments systems and ATM switching platforms. LINK is the network which connects the UK’s cash machines and provides consumers with universal access to their cash.
Contacts
Olswang has advised long-standing client DV4, a Delancey advised fund, on the £1.4 billion merger of the East Village and Elephant & Castle residential assets.
The deal sees DV4, Qatari Diar Real Estate Investment Company and Dutch pension fund asset manager APG join forces to create an equal partnership in the large scale residential investment sector. The partnership creates an initial portfolio of 4,000 new market-rate rented homes located across London's East Village and Elephant & Castle. All homes will be managed and leased through Get Living London.
The Management Board of METRO AG is preparing the creation of two independent listed entities through a demerger of METRO GROUP. According to the considerations so far, the Wholesale and Food Specialist group (including Real) and further related activities shall be transferred to a new independent company by way of spin-off while the Consumer Electronics products and services group shall remain within the present METRO AG.
Weil is advising IHS Inc. in its definitive agreement to combine with Markit Group Limited in an all-share merger of equals valued at more than $13 billion. Upon completion of the merger, the combined company will be renamed IHS Markit, and will be a global leader in critical information, analytics and solutions with headquarters in London. The deal is set to close in the second half of 2016 and is subject to customary closing conditions.
Davis Polk is advising Markit on its all-share merger of equals with IHS valued at more than $13 billion. The transaction is expected to close in the second half of 2016, subject to customary closing conditions, including regulatory approvals and approval by both IHS and Markit shareholders. Upon completion of the merger, the combined company will be renamed IHS Markit and will be headquartered in London and have certain key operations based in Englewood, Colorado.
Ashurst is advising respiratory drug development specialist Vectura Group plc ("Vectura") on its recommended merger with peer company Skyepharma plc ("Skyepharma"), which will be implemented by way of a scheme of arrangement. Under the terms of the deal, Vectura will acquire all of the shares of Skyepharma, in return for the issue of Vectura shares to Skyepharma shareholders, together with a partial cash alternative of £70 million.
Clifford Chance is advising longstanding client Skyepharma PLC in connection with its proposed all share merger with Vectura Group plc.
Darrois Villey Maillot Brochier and De Pardieu Brocas Maffei jointly advise Eurosic for its combination with Foncière de Paris.
On March 4th, Eurosic signed several agreements over a total of 79 % of the share capital and voting rights of Foncière de Paris and announced that it will shortly file with the AMF a voluntary public takeover bid on Foncière de Paris.