Slaughter and May is advising Vodafone Group Plc (Vodafone) on the proposed acquisition of certain operations of Liberty Global (Liberty). Vodafone has agreed to acquire Unitymedia GmbH in Germany and Liberty Global’s operations (excluding its “Direct Home” business) in the Czech Republic, Hungary, and Romania, for a total enterprise value of €18.4 billion. This is expected to comprise approximately  €10.8 billion of cash consideration paid to Liberty Global and €7.6 billion of acquired existing Liberty debt, subject to completion adjustments.

Slaughter and May advised Rolls-Royce plc on its issuance of €550,000,000 0.875% notes due 2024 and €550,000,000 1.625% notes due 2028 (the Notes). The Notes are guaranteed by Rolls-Royce Holdings plc and have been issued under Rolls-Royce’s £4,000,000,000 Euro Medium Term Note Programme.

Contacts

Edward Fife (partner), Saffiya Haddad (associate)

Slaughter and May is advising Shire plc (Shire) on a recommended offer by Takeda Pharmaceutical Company Limited (Takeda) for the entire issued and to be issued ordinary share capital of Shire (the Proposed Transaction). The Proposed Transaction was announced on 8 May 2018.

On 7th May, 2018, King & Wood Mallesons’ cross-border team, advised Luye Pharma Hong Kong Limited (“Luye Pharma”) on its transaction signed with AstraZeneca relating to the sale and licence of the rights to Seroquel and Seroquel XR (Products) in the UK, China and other 49 international markets, including Brazil, Australia, Saudi Arabia, Mexico, South Korea, Thailand, Argentina, Malaysia and South Africa. The purchase price for the transferred and licensed assets is US$546 million and is payable in four instalments.

King & Wood Mallesons (KWM) advises Chinese technology group Shenzhen Kaizhong Precision Technology Co Ltd. (Kaizhong) on the acquisition of smk systeme metall kunststoff GmbH & Co. KG (smk).

Oriola Corporation has invested in the Swedish online medical center Doktor.se. The investment will give Oriola an ownership of approximately 17% of the total number of shares in Doktor.se.
 
Oriola is a Finnish publicly listed company with a strong position in the Swedish and Finnish health and wellbeing market. In Sweden, Oriola owns, for instance, Kronans Apotek, with over 320 pharmacies.
 

Allgon AB (publ) has entered into a conditional agreement to acquire all shares in Tele-Radio International Holding AB (Tele Radio). The purchase price amounts to SEK 350 million on a debt and cash free basis with a possible additional purchase price of up to a maximum of SEK 50 million.

Allgon is a Swedish company group that develops and delivers wireless communication solutions for industrial and robust environments in the global market.

Greenberg Traurig Germany advised a joint venture between the three partners Kauri CAB Management GmbH (Kauri CAB), a Sovereign Wealth Fund and Apeiron/Ailon on the sale of a residential property portfolio. The sale took place by way of a share deal to a fund managed by the Blackstone Group.

The portfolio comprises approximately 2,500 housing units as well as 130 commercial units and is located in central Berlin and eastern Germany.

Orrick advised European investment company Gimv on the acquisition of a 75% stake in Laser 2000 GmbH, a European market leader in photonics solutions.

Through this acquisition, Gimv invests into a technology spanning over all major sectors, including areas such as Industry 4.0, autonomous driving, diagnostics and broadband networks.

Global law firm White & Case LLP has advised Goldman Sachs & Co. LLC, Inter-American Investment Corporation (IDB Invest), International Finance Corporation (IFC) and Swiss Export Risk Insurance (SERV) in structuring approximately R$5.0 billion (US$1.8 billion) in financing for the design, construction and operation of a 1,516 MW thermoelectric power plant in Brazil.