Gilbert + Tobin is pleased to announce that it is advising LifeHealthcare Group Limited (LifeHealthcare) on its scheme of arrangement with Pacific Equity Partners (PEP).

LifeHealthcare and Pacific Health Supplies BidCo Pty Limited, an entity wholly-owned by funds advised by PEP, today announced that they have entered into a binding scheme implementation deed. If implemented, the transaction will result in PEP acquiring all of the shares in LifeHealthcare for $3.75 per share, a 46 % premium to the last closing price of LifeHealthcare shares on 2 February 2018.

Slaughter and May advised Ocado Group plc on a placing of approximately 4.9% of its existing ordinary share capital which raised gross proceeds of £143,158,925. The placing, which announced on 6 February 2018, was conducted as an accelerated bookbuild process. Goldman Sachs International and Numis Securities Limited acted as joint bookrunners and joint corporate brokers in connection with the transaction.

Ambitious Midlands Business Targets Further UK Growth

Telford-based outsourced waste management services provider, Reconomy, has hit the acquisitions trail again and announced the purchase of Waste Check Limited.

Waste Check is based in Bromsgrove and was established in 2008 by Mark and Karl Jenkins. It offers a complete range of waste management services to commercial, domestic, industrial, demolition and construction companies, with a large presence in the private hospital and care centre sectors.

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised the Egyptian Refining Company (Takrir) S.A.E. (‘ERC’), the company behind the development of Egypt’s largest oil refinery, on the settlement of a deal with the construction joint-venture working on the refinery that will fund a series of delays to the project and allow construction to move forwards. The construction joint-venture comprises of GS Engineering & Construction Corporation and Mitsui & Co., Ltd.

Allen & Overy LLP has advised alstria office REIT-AG on its capital increase raising gross proceeds of approximately EUR 193 million. The 15,323,121 new shares (10% of the company’s registered pre-transaction share capital) from alstria office REIT-AG’s authorized capital have been placed under exclusion of statutory preemptive rights with German and international institutional investors in an accelerated bookbuilding procedure at a price of EUR 12.60 per share.

Global law firm White & Case LLP has advised Crédit Agricole CIB on €830 million in new funding for French SMEs and ISEs through a synthetic securitisation under the European Investment Plan (Juncker Plan).

We advised North Cork Co-operative Creameries on its merger with Feale Bridge & Headley’s Bridge Co-operative Dairy Society.  The merger is subject to approval by the Competition and Consumer Protection Commission. 

Mason Hayes & Curran acted for the shareholders of Blueface Limited, an Irish unified communications service provider in a merger with Star2Star, a major US hybrid cloud communications company.

The firm advised on all tax aspects of the joint venture structure.

Baker McKenzie advised Credit Suisse as sole arranger on an unitranche-financing including a working capital facility, a premiere on the German Market.

Credit Suisse arranged the unitranche-financing including a working capital facility for an acquisition financing. As sole mandated lead arranger the bank also acted as underwriter. The syndication for the financing is still pending.

Schulte represented hedge fund manager Fir Tree Partners in connection with entering into a Cooperation Agreement and securing a Board seat at Ultra Petroleum Corp. Fir Tree’s Evan Lederman was named a new director of the board, and Fir Tree will work with Ultra Petroleum to find a replacement for its chairman and CEO, who has stepped down. Fir Tree owns about 20 percent of stock in Ultra Petroleum, a Houston-based oil and gas exploration and production company focused on developing its natural gas reserves in the Green River Basin of Wyoming.