Davis Polk advised the joint global coordinators in connection with the initial public offering of CEVA Logistics AG on the SIX Swiss Exchange and concurrent private placement of mandatory convertible securities. CEVA issued 29,856,537 registered shares in the offering, at CHF 27.50 per share, for total gross proceeds of CHF 821 million and placed CHF 379 million of mandatory convertible securities in the concurrent private placement. The registered shares are traded on the SIX Swiss Exchange under the symbol “CEVA.”

Greenberg Traurig Germany advised PLDT Inc., the largest telecommunications company in the Philippines (PLDT), on its participation in the share buyback programme of Rocket Internet SE (Rocket Internet). PLDT's subsidiary PLDT Online Investments Pte Ltd. (PLDT Online) was an anchor participant in the programme and offered 6.8 million shares to Rocket Internet. This corresponds to about 67 percent of PLDT Online’s stake in Rocket Internet. The offer was accepted by Rocket Internet at a purchase price of 24 Euro per share.

Global law firm Reed Smith has comprehensively advised United Chocolate GmbH, an investment company of DPK Deutsche Privatkapital, on the structuring of the business succession of Argenta Group.

Related Professionals: Thomas P. Gierath Rita Novak Maximilian Santüns Maria Ottermann Ulrike Elisabeth Bischof Anselm Reinertshofer Philipp J. Bergmann Sebastian Braun Helge Aulmann Christoph Mikyska Viktoria Ritter

Sidley advised Five Arrows Principal Investments (the private equity arm of Rothschild) on its sale of and subsequent co-investment with TA Associates in its portfolio company, Datix. Datix is a patient safety and risk-management software company, which works closely with healthcare organizations in order to improve patient care. It operates in multiple regions globally, including the United Kingdom, the United States, Canada, Australia and the Middle East.

Global law firm White & Case LLP has advised Consolidated Energy Finance S.A., a financing subsidiary of Switzerland-based leading international methanol and fertilizer manufacturer Consolidated Energy Limited AG, on a new $825 million credit facility.

The transaction consists of a $225 million revolving credit facility and a $600 million institutional term loan B.

Loyens & Loeff advised Astorg, a European private equity firm, on the acquisition of IGM Resins Coöperatief U.A. and its group (IGM), a global manufacturer and innovator of ultraviolet curable materials, from Arsenal Capital Partners, a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare business services companies.

Contacts

    Philip van Verschuer
    Marc Klerks
    Roderik Beckers
    Ruud van Bork

Gide has advised specialist pan-European hotel investment and management business Algonquin Management Partners on its acquisition by Schroders. Established in 1998, Algonquin currently manages assets throughout Europe, representing over 7,500 hotel rooms and 1.8 billion euros' worth of assets. These hotels are primarily managed through Algonquin's own brands or internationally renowned franchises, including Sheraton, Marriott, Hyatt, Radisson and Sofitel.

Gide is acting as lead counsel to Zhejiang Semir Garment Co., Ltd. (Semir Garment), the leader in kidswear fashion in China, on its acquisition of the Kidiliz Group, the European leader in premium children’s fashion with brands such as Catimini, Absorba, Z, Paul Smith Junior, and Kenzo Kids, for EUR 110 million.

King & Spalding announced that former Acting Attorney General and Deputy Attorney General Sally Yates has returned to the firm as a partner on the Special Matters & Government Investigations team. Her global practice will be based primarily in Washington, DC and Atlanta.

Morrison & Foerster, a leading global law firm, is pleased to announce that Michael D. Birnbaum has joined the firm’s Securities Litigation, Enforcement and White-Collar Defense Practice Group (SLEW) as a partner in New York. Coming from the U.S. Securities and Exchange Commission (SEC), Mr. Birnbaum follows numerous other senior government officials who have joined Morrison & Foerster over recent years.