Paul Hastings LLP has advised Qualium Investissement in connection with its takeover of Labelium Group.
Founded in 2001, Labelium Group offers consulting services in online marketing and digital strategy on all available platforms and tools including SEO, SEA, social media, RTB, and video. Labelium Group operates worldwide with 16 offices in Europe, the United States and Australia and currently employs approximately 200 consultants.
Shearman & Sterling advised Cathay Capital Private Equity (“Cathay”) on financing the acquisition of a majority stake in the Plettenberg-based automotive supplier E. WINKEMANN. The majority stake will be acquired by the Cathay Capital MidCap Fund. The sellers, funds managed by Equistone Partners Europe and E. WINKEMANN’s management, remain invested in the company. The financial terms of the deal are undisclosed and completion of the sale is subject to the approval of the relevant competition authorities.
Orrick advised Borealis AG and NOVA Chemicals Corporation in the negotiation of definitive agreements with Total S.A. to form a joint venture in petrochemicals on the U.S. Gulf Coast.
The joint venture – in which Total will own 50% and Novealis Holdings LLC, a joint venture between Borealis and NOVA Chemicals, will own the remaining 50% – will commence subject to customary closing conditions, including receipt of regulatory approvals.
An Orrick London team has advised the sellers — Precitox Holdings, Oratosio Holdings and Humberto Finance — in the $367 million sale of 100% of the share capital of H.E.C. Europe Limited, the parent company of Hellenic Environmental Center and a group of companies that together provide global port reception facilities services, to Aegean Marine Petroleum Network.
The purchase price includes the assumption of certain indebtedness, payable via a combination of debt, the assignment of certain accounts receivables, cash and shares of Aegean common stock.
Firm previously advised Platinum Equity on its acquisition of Pattonair.
Latham & Watkins advised Platinum Equity on the agreement to acquire Wyndham Worldwide’s European vacation rental business for approximately US$1.3 billion. The transaction is expected to close in the second quarter of 2018, subject to customary closing conditions including works council consultation.
Davis Polk is advising Temenos Group AG in connection with its £1.4 billion recommended cash offer to acquire the entire share capital of Fidessa group plc. Fidessa shareholders will receive £35.67 in cash for each share together with a final and special dividend of 79.7 pence per share. Credit Suisse have provided a senior unsecured bridge facility to finance the offer. The offer, that will be implemented by way of a U.K. scheme of arrangement, is subject to regulatory and antitrust approvals and other customary conditions.
Michelin, world leading tire manufacturer, has entered into a partnership with Mobivia, the European leader in multi-brand vehicle servicing and parts, which has led to the acquisition by Michelin of a 20% minority stake in German operator A.T.U for a total amount of € 60 million. A.T.U, German automotive services provider, operates a network of 577 car centres in Germany, 25 in Austria and 6 in Switzerland. A.T.U became part of the Mobivia group in December 2016. The transaction is subject to merger clearance in Germany and Austria.
Mills & Reeve have advised Cambridge based Prior Scientific Instruments on its acquisition of the Queensgate Nano business from Electron Technology.
Prior Scientific is a global leader in the design and manufacture of precision positioning devices, optical systems, automation solutions, and components with offices in Cambridge, the US, Germany, Japan and China.
Ashurst has advised long-standing client Invesco Real Estate on the acquisition and forward funding of a 255-home PRS development in Hounslow, west London, being built by Meyer Homes.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised American Express Global Business Travel (‘American Express GBT’), a leading global travel management company, on its acquisition of Hogg Robinson Group PLC (‘HRG’), a global B2B services company specialising in travel management. The acquisition is conditional on the receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.