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M&A

Ashurst advises Novion on A$11b merger with Federation Centres

05 Feb 2015

Ashurst has advised Novion Property Group (Novion) on its A$11 billion merger with Federation Centres (Federation) which will create the third largest real estate investment trust in Australia and an ASX top 30 entity with over A$22 billion in assets under management.

Novion Property Group is one of Australia's largest retail property groups, with more than 5,000 retailers occupying the 36 retail assets managed by the Group. The merged entity will have a market capitalisation of more than A$11 billion.

Bird & Bird represents the Meyer Group in a large M&A deal in Denmark

04 Feb 2015

Bird & Bird has represented Meyers in its merger with Løgismose in what has been one of the major M&A transactions in the Danish market. On 15 January 2015 two of Denmark's biggest food brands merged into a new group owned by L+M ApS.

The merger was approved by the Danish Competition and Consumer Authority, and the new group is now ready to operate and further develop the Nordic food culture.

White & Case Advises Bank Degroof on Merger with Petercam

26 Jan 2015

White & Case LLP is advising the privately-owned investment and private banking institution Bank Degroof on its merger with the independent investment firm Petercam.

The merger of these two Brussels-based private financial institutions will result in Belgium’s first independent private bank, with €42 billion of assets under management and 1,400 employees. The transaction is expected to close by Q2 2015 and is likely to be one of the most high profile mergers of the year in the Belgian market.

Hengeler Mueller advises MeinFernbus on merger with FlixBus

14 Jan 2015

MeinFernbus and FlixBus today announced that they have agreed to merge. The two biggest long-distance bus startups will combine their national long-distance bus routes within the next months into an extensive service aiming to offer a long-distance bus network throughout Europe. General Atlantic is supporting the merger as venture capital provider. Further investors include the former FlixBus shareholders Holtzbrinck Ventures and  UnternehmerTUM. MFB MeinFernbus GmbH was founded in Berlin, FlixBus GmbH was founded in Munich.

Trowers & Hamlins advises on merger to create one of UK’s largest housing associations

12 Jan 2015

Trowers & Hamlins is pleased to have advised on the merger of Raglan and Jephson housing association to form Stonewater, a new registered provider managing around 31,000 homes across the UK.

The merger completed on 31 December 2014 and creates one of the UK's largest registered providers with a turnover of £160 million and £1.6 billion in assets. 

As one of its first initiatives, Stonewater will be leading one of the UK’s largest development programmes which will provide more than 7,000 new affordable homes over the next ten years.

Linklaters advises on US$26 billion Chinese Train Manufacturers Merger

06 Jan 2015

Linklaters are the lead counsel on the US$26 billion merger of CSR Corporation Limited ("CSR") and China CNR Corporation Limited ("CNR"). This is the first-ever merger of two companies with dual listings in Shanghai and Hong Kong and the first-ever securities exchange involving two sets of A shares and two sets of H shares. 

Linklaters have advised on the structure of the merger, led discussions with Hong Kong regulators and the preparation of regulatory documentation and are advising on competition matters outside China.

Mills & Reeve advises on creation of biggest HE institution in London

11 Dec 2014

Mills & Reeve have advised the Institute of Education (IOE) on its merger with University College London (UCL). The merger, which will see the IOE become a school of UCL, confirms the UCL as the largest higher education institution in London, and the largest post graduate institution in the UK, with 19,000 post graduate students. The newly merged institution will have a combined income of over £1 billion.

Reckitt Benckiser Group Plc - demerger of speciality pharmaceuticals business

02 Dec 2014

Slaughter and May is advising Reckitt Benckiser Group Plc (RB) on the demerger of its speciality pharmaceuticals business by way of transfer to Indivior Plc (Indivior), a company incorporated for the purposes of the demerger. Under the terms of the demerger, shareholders will receive shares in Indivior proportionate to their existing shareholding in RB. It is anticipated that Indivior will be listed on the main market of the London Stock Exchange.