De Brauw has served as Lead Counsel on the acquisition of Veco by Gilde Buy Out Partners.

Client name
Gilde Buy Out Partners

Other parties involved
SPGPrints B.V.

Nature of transaction
Gilde Buy Out Partners announced the acquisition of Veco, which was sold by its parent company SPGPrints. Veco, a leading supplier of high-precision metal components, maintains a track record of innovation and has built a strong development pipeline supporting the future growth of Veco. De Brauw advised Gilde Buy Out Partners on the transaction.

Law firm Stephenson Harwood LLP has advised Nominated Advisor and broker, FinnCap Ltd, on the AIM IPO of KRM22 Plc, a closed-ended investment company, and its simultaneous £10.3 million institutional placing.

Schulte represented Veritas Capital and its affiliates in their acquisition of the U.S. public sector business of PricewaterhouseCoopers LLP. PwC’s U.S. public sector business helps governments — federal, state and local — and multilateral agencies solve complex business problems, improve processes and manage risk through its capabilities in financial management, strategy development, program management, operational effectiveness and organization design. The deal was announced in February 2018 and was completed on May 1, 2018.

TLT has advised Southern Housing Group on a large-scale acquisition of more than 500 units from the Hyde Group, located in Woking, Rushmoor, Thurrock, Southend, Hastings, Rother, Wealden and Sevenoaks.

This is Southern Housing Group’s first major stock acquisition since 2015. It complements its existing portfolio across London and the south east of England, and supports the delivery of the Group’s expanded development programme.

Travers Smith LLP has advised HSBC Bank plc on Epiris' acquisition from De La Rue plc its paper business, including the paper mills at Overton and Bathford.

The business, now named Portals De La Rue Limited, is one of the world's leading manufacturers of paper used in the production of banknotes and security documents (such as passports, vehicle registration documents and birth and marriage certificates).

Head of Finance Matt Ayre led the Travers Smith team, assisted by Associates Will Sheridan and Andrew Surgey.

Morrison & Foerster is lead legal counsel to Sprint Corp. and for SoftBank Group Corp., the controlling shareholder of Sprint, on the landmark merger of Sprint and T-Mobile US Inc. announced on April 29, 2018.  Based on closing share prices on April 27, the total implied enterprise value for Sprint is approximately $59 billion and the aggregate for the combined company in the all-stock transaction is approximately $146 billion.

Herbert Smith Freehills has advised Bank of Queensland Ltd on the sale of its St Andrew’s insurance business to listed company, Freedom Insurance Group Ltd (FIG) for A$65 million.

St Andrew’s was acquired by Bank of Queensland in 2010 and has become a market leader in corporate distribution and life insurance underwriting.

FIG is a publicly listed insurance group that specialises in developing, distributing and administering life insurance products in Australia.

Morrison & Foerster represented joint sponsors BOCI Asia Limited and BOSC International Company Limited in relation to Tsit Wing International Holdings Limited’s IPO on the Hong Kong Stock Exchange. With an offer price range of HK$1.50 to HK$2.19 per share, estimated net proceeds from the IPO will be approximately HK$149.7 million after the deduction of underwriting commissions and estimated expenses, assuming the over-allotment option is not exercised and using an offer price of HK$1.84, being the mid-point of the offer price range.

Herbert Smith Freehills has advised Deutsche Bank AG, Tokyo Branch, as Co-ordinating Mandated Lead Arranger on an up to US$1.2 billion financing to the Key Safety Systems group (now re-branded Joyson Safety Systems) to fund the acquisition of substantially all of the global assets of Takata Corporation.

Hogan Lovells advised global diversified chemicals manufacturer SABIC in its recently announced joint venture with ExxonMobil to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas.

The project will also include a monoethylene glycol unit and two polyethylene units. Construction is expected to begin following competition of the environmental permitting process and be completed in the 2021-2022 timeframe.