Renren’s Kaixin Auto Group and CM Seven Star to Combine
Skadden represented Renren Inc., the owner of Kaixin Auto Group, in Kaixin’s $454 million combination with CM Seven Star Acquisition Corporation.
Skadden represented Renren Inc., the owner of Kaixin Auto Group, in Kaixin’s $454 million combination with CM Seven Star Acquisition Corporation.
Cleary Gottlieb is representing longtime client A. Agrati S.p.A. (Agrati) in connection with its announced business combination with IDeaMI S.p.A. (IDeaMI).
DLA Piper represented Haymaker Acquisition Corp., a publicly traded special purpose acquisition company, in its US$948 million business combination with OneSpaWorld (OSW), a global provider of health and wellness products and services on board cruise ships and in destination resorts around the world. Under the agreement, Haymaker and OneSpaWorld will combine under a new holding company, OneSpaWorld Holdings Limited.
Slaughter and May is advising Ensco plc (“Ensco”) on its proposed combination with Rowan Companies plc (“Rowan”).
King & Wood Mallesons (KWM) has advised the shareholders of TIM CONSULT GmbH (TIM CONSULT) on the combination with Transporeon Group.
TIM CONSULT, the international business logistics consultancy, has sold its “Business Logistics” division to Transporeon Group, the operator of the cloud-based logistic platforms Transporeon, Mercareon and Ticontract, and becomes thus a part of the group.
Shearman & Sterling advised Goldman Sachs Saudi Arabia, acting as the financial advisor to The Saudi British Bank (SABB), on the merger of SABB with Alawwal Bank (Alawwal).
We are advising Lakeland Dairies on its proposed merger with LacPatrick. The merger is subject to Lakeland and LacPatrick shareholder approval, together with regulatory approvals and, if implemented, would create the second largest dairy processor on the island of Ireland with a milk pool of 1.8bn litres and annual revenues in excess of €1bn.
Key Contacts
Aidan Lawlor
Patricia Lawless
Philip Andrews
Slaughter and May is advising Banco Santander, S.A. (“Santander”), a significant shareholder in Alawwal bank, in connection with the proposed merger of Alawwal bank with The Saudi British Bank (the “Merger”). The Merger will create Saudi Arabia’s third largest bank with a stock market capitalisation of approximately SAR 64.4 billion (USD 17.2 billion).
The Merger is conditional on, among other things, shareholder approval and certain regulatory approvals. The Merger is expected to complete in the first half of 2019.
Leading global law firm Baker McKenzie is advising Saudi Arabian listed bank Alawwal bank, whose largest shareholder is a consortium made up of RBS, Santander and a Dutch governmental entity, on its merger with fellow Saudi listed bank, The Saudi British Bank ("SABB"), whose largest shareholder is HSBC. The share for share merger has a deal value of approximately US$4.9 billion, making it the first of its kind in Saudi Arabia between two listed banks and one of the largest mergers of two Saudi listed companies.
Davis Polk is advising Affine R.E. in connection with its contemplated combination with Société de la Tour Eiffel (“STE”) to create a large French property company with a portfolio exceeding €1.7 billion and a market capitalization of approximately €750 million.