King & Wood Mallesons (KWM) acted for all financiers, including as Australian counsel for the USPP noteholders, to the Netflow consortium – comprising Cintra, Plenary, WBHO Infrastructure, Amey and Broadspectrum – on the Victorian Government’s A$1.8 billion Western Roads Upgrade project.
New York Stock Exchange listed Dover Corporation acquires Ettlinger Kunststoffmaschinen GmbH and its affiliated entities in Germany and in the US. Ettlinger will become part of Dover’s Swiss business unit Maag Pump & Filtration Systems. Taylor Wessing has been advising the owners as seller in this transaction. Ettlinger manufactures and distributes filtering solutions for the plastics industry and plastics recycling industry as well as injection molding machinery.
De Brauw has advised Deutsche Telekom on the acquisition of Tele2 Netherlands by T-Mobile Netherlands.
Client name
Deutsche Telekom.
Other parties involved
Tele2 Netherlands, T-Mobile Netherlands, Tele2 Sverige.
Nature of transaction
Acquisition of Tele2 Netherlands by T-Mobile Netherlands in exchange for EUR 190 million in cash and a stake of 25% in the combined business.
Value of transaction
Undisclosed but more than EUR 5 million.
Date deal
15 December 2017.
De Brauw involvement
With a team led by Dr. Michael Dröge, Partner at the Hamburg office, Heuking Kühn Lüer Wojtek advised the shareholders of thinXXS Microtechnology AG, including majority shareholder PRICAP Venture Partners AG, on the sale of their shares to a subsidiary of IDEX Corporation.
David Worsley, 59, was on holiday in Tunisia with his wife Joanne when he caught African salmonella – a potentially deadly strain of the disease – and had to spend several days in hospital.
It was the holiday from hell and what we have been through was a nightmare. What has happened to me as a result has changed my life.
After returning to the UK he spent weeks of being unable to keep anything down, losing three stone.
Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.
Willkie represents Apex, a Genstar portfolio company, on this acquisition, which will add $50 billion in assets under administration and custody for the fund administrator.
On January 8, Apex Group Ltd., Genstar Capital and SALU Capital announced Apex's acquisition of Warburg’s Asset Management and Servicing business in Luxembourg. Upon completion of the transaction, Apex, a Genstar portfolio company, will have nearly $350 billion of AuA. Apex and Genstar partnered with SALU Capital on this transaction.
Ashurst advised Deutsche Beteiligungs AG (DBAG) comprehensively on the acquisition and financing of a participation in Sjølund A/S (Sjølund), a leading manufacturer of aluminium and steel components. As part of a management buy-out, DBAG ECF, a fund managed by DBAG, will acquire around 51 percent of the shares in Sjølund from previous sole owner and CEO Søren Ravn Jensen. The remaining 49 percent of the shares will in future be held by Søren Ravn Jensen, who will continue to serve as CEO of the company, and other members of the management.
Eversheds Sutherland advises Raisio on divestment of its confectionery business
Eversheds Sutherland has advised Raisio plc (Raisio) on the divestment of its confectionery business to Valeo Foods Ltd (Valeo Foods) at an enterprise value of EUR 100 million.
Raisio’s divested confectionery business includes six production plants in the UK and Czech Republic. Its best-known brands include Fox's Glacier, Just, XXX, Poppets and Pedro. The divestment will allow Raisio to focus on brands that enhance well-being.
DLA Piper has advised the Marguerite Fund on its acquisition of a 10% stake in Fraport Greece, the owner and operator of 14 regional airports in Greece. The stake was sold by Slentel, a company of the Copelouzos Group, which remains a minority shareholder in the company alongside Fraport AG.