De Brauw has acted as Counsel to ING Bank in the acquisition of 75% stake in Payvision.

Client name
ING Bank N.V.
 
Other parties involved
Payvision Holding B.V., Founding management.
 
Nature of transaction
ING has reached agreement to acquire a 75% stake in Payvision, an international omnichannel payments service provider, valued at EUR 360 million. The founding management of Payvision will hold a 25% minority stake and will continue to lead the company. The acquisition allows ING to further invest in the payments business.

DLA Piper represented Oxford Properties Group in a joint venture with the Canada Pension Plan Investment Board (CPPIB) in the acquisition of a portion of New York City's historic St. John's Terminal site south of West Houston Street from Westbrook Partners and Atlas Capital Group for US$700 million.

Ashurst advised 2L-Invest SA, a company of the Cerberus Capital Management (Cerberus)-group, on the sale of its long-term leasehold rights on the building Place de Louvain 12 to a Luxembourg real estate investor. The 19th century style office building is located in the heart of Brussels and offers a general leasable area of approximately 3,000 square meters and is fully let to the Flemish Community. The real estate investor acquired the long-term lease right through an asset sale.

Addleshaw Goddard's Food and Drink sector team has advised Bright Blue Foods (BBF) on the acquisition of a major cake and dessert business based in Hull, from Greencore.

Kirkland & Ellis International LLP advised Bain Capital Private Equity on its acquisition of Bugaboo International, a Dutch design company that develops and produces mobility products. Bugaboo is particularly well known for its iconic stroller, which it launched in 1999. The transaction, the value of which was not disclosed, signed on February 2, 2018.

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King & Wood Mallesons (KWM) has advised Shenzhen-listed By-Health Co., Ltd. on the acquisition of Australian probiotic market leader Life-Space Group, for a purchase price of up to A$690 million.

The transaction represents By-Health’s first major outbound acquisition in the Australian healthcare industry, with Life-Space operating the Evolution Health and Ultramix businesses as well as the Life-Space brand of probiotics.

King & Wood Mallesons (KWM) advised Miura Private Equity on the structuring and closing of its third fund Miura Fund III with total capital commitments of €330 million. The Fund has received strong support from a broad and global investor base of US, European and Asian institutional investors, including insurance companies, pension funds, university endowments and funds of funds, as well as local family offices.

Inflexion Private Equity Partners acquires Calco Group, a leading Dutch provider of outsourced IT recruitment and training services to large blue-chip corporates, specifically focused on the provision of junior professionals mainly to the finance and insurance sectors with customers including the main banks and the top insurance companies in the Netherlands. Calco Group, founded in 2004, has developed a MasterClass programme where new joiners are intensively trained over two months, tailored to customer specifications, and then placed at customer sites under contract.

Sheffield-based Westfield Health has acquired health cash plan provider Bolton & District Hospital Saturday Council (BDHSC).

BDHSC, trading as UK Healthcare, is a not-for-profit health provider with a nationwide corporate and consumer customer base and an annual turnover of £4m.

Established in 1877, BDHSC has a nationwide corporate and consumer customer base, and currently has a strong presence in the North West in particular.

International law firm Hogan Lovells is representing AXA, a worldwide leader in insurance and asset management, in the acquisition of employee health and benefits company Maestro Health for $155 million.

Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to take place before the end of first quarter of 2018.