Global law firm Dechert LLP advised leading European private equity firm Astorg on its planned acquisition of IGM Resins, a global manufacturer and innovator of ultraviolet curable materials, from Arsenal Capital Partners. The transaction is expected to close in the second quarter of 2018 and is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
Kirkland & Ellis is advising Ontario Teachers’ Pension Plan (OTPP) on the sale of its majority stake in Helly Hansen, the Oslo-based global leader in sports and workwear, to Canadian Tire Corporation, Limited (TSX:CTC) for C$985 million (US$770 million). OTPP acquired Helly Hansen in 2012 and worked alongside the company to expand into 40 countries and provide apparel to over 50,000 ski professionals.
Kirkland & Ellis International LLP is advising New Mountain Capital on its sale of talent acquisition and management company Alexander Mann Solutions to OMERS Private Equity for an enterprise value of £820 million (US$1.1 billion). Headquartered in London, Alexander Mann Solutions employs 4,000 people and delivers services to over 100 clients in 85 countries. The transaction was announced on May 10, 2018.
The Kirkland team, in London, was led by corporate partner David Arnold and associate Andrew Gray.
Orrick has advised U.S. software provider Flexera on its acquisition of Brainwaregroup, a Switzerland-based software asset management (SAM) provider. The acquisition significantly expands Flexera’s presence in Germany, Austria and Switzerland and further supports its position as a leading global provider of SAM solutions for large, midsize and small enterprises seeking to optimize software spend and minimize risk across their portfolios.
Simpson Thacher is advising KKR on a high yield bond offering to finance a portion of its acquisition of Unilever’s global Spreads business. Sigma Holdco B.V., a KKR special purpose vehicle, has completed a Rule 144A and Regulation S offering of $525 million aggregate principal amount of its 7.875% Senior Notes due 2026 and €685 million aggregate principal amount of its 5.75% Senior Notes due 2026.
Global law firm White & Case LLP has advised VTB Bank on a secured term loan provided to Russian retail chain PJSC M.video, which is owned by SAFMAR Group, for the acquisition of the shares in Russian retail chain Eldorado.
SAFMAR Group intends to consolidate its retail assets by the first quarter of 2019 and become a key player in the Russian consumer electronics retail market.
Global law firm White & Case LLP has advised Avast, the leading global cybersecurity provider, on its US$816.6 million (£602 million) initial public offering (IPO), the biggest ever software IPO on the London Stock Exchange (LSE).
We are advising Exponent PE backed waste management group, Enva (previously DCC Environmental), on its proposed acquisition of Rilta and ClearCircle, the Ireland and Northern Ireland hazardous waste management group. The agreement is subject to mergers clearance from the CCPC. The deal marks Enva’s second acquisition of the year following its acquisition of Blue Sky Plastic Recycling in January 2018.
Katten Muchin Rosenman LLP announced that it has expanded its Corporate and Litigation practices with the arrival of five new attorneys in its Dallas office.
Greg Hidalgo is a partner in the Corporate practice. Barrett R. Howell and Brandon N. McCarthy are partners in the Litigation practice, while former federal Judge Jorge A. Solis joined as special counsel. Aaron P. Pinegar is special counsel in the firm's Transactional Tax Planning practice.
Arrival of Thomas Weitkamp will further enhance the firm’s leveraged and corporate finance capability in Europe.
Latham & Watkins is pleased to announce that Thomas Weitkamp will join the Munich office as a partner in the Banking Practice. Weitkamp’s practice focuses on advising financial institutions and private equity firms on a variety of complex domestic and cross-border leveraged finance, corporate lending, and financial restructuring transactions.