Cooley advised the management team of publisher Law Business Research (LBR), a leading provider of research news, data and insight on international business law and legal markets, on its sale to Levine Leichtman Capital Partners. Cooley private equity partner Stephen Rosen led the team. The deal saw private equity firm Bowmark Capital, which acquired LBR in 2013, exit the business.
Osborne Clarke has advised the management team of leading Portuguese low-cost gym business, Fitness Hut S.A. (“Fitness Hut”), on its buyout by Viva Gym (“Viva”), a leading Spanish low-cost gym business, in a deal led by specialist sustainable and impact investor Bridges Fund Management (“Bridges”).
Macfarlanes has advised the management team of UK-based IT services company Northgate Public Services Limited on its £475m sale to Japanese multinational NEC Corporation from private equity firm Cinven.
Ropes & Gray has advised the founders of TCP LifeSystems - a software solutions provider to life and pensions insurance companies – on their sale of the company to iPipeline UK, a leading provider of business intelligence to the UK life, pension and investment markets.
The financial terms of the deal, which was announced on 3 January 2018, have not been disclosed.
The Firm advised KKR in the establishment of KKR Private Credit Opportunities Partners II ("PCOP II"). PCOP II is a global fund with $2.24 billion in capital commitments that focuses on privately negotiated subordinated debt securities, corporate mezzanine investments as well as asset-backed and specialty finance investments.
DLA Piper has advised BEWi, one of the leading players in the Nordics for the development and production of insulation products and customized packaging solutions made from cellular plastic, EPS, on its acquisition of Ruukin EPS, a Finnish manufacturer of insulation material.
This transaction provides BEWi a stronger geographical presence in Finland and enables it to offer insulation material and packaging solutions in expanded polystyrene (EPS) as it does in the rest of the Nordics.
Hamburg – Mayfair Beteiligungsfonds II GmbH & Co. KG, a private equity firm held by the Günter Herz and Daniela Herz-Schnoekel families, has sold its 36.5% stake in DNV GL Group AS, the parent company of the DNV GL Group. The shares were acquired by Det Norske Veritas Holding AS, which is owned by the Det Norske Veritas Foundation.
A Bryan Cave M&A and private equity team, led by Frankfurt Office Managing Partner Tobias Fenck, recently advised a former material stakeholder of IntelliShop AG in the course of a management buyout by investment firm IMCap GmbH. IMCap now owns the majority stake in IntelliShop AG, the leading producer of software solutions for B2B eCommerce. The parties involved have agreed to not disclose any information on the purchase price or further terms of the transaction.
Baker McKenzie advised the South African Sappi Group, one of the world's leading pulp and paper manufacturers, on the acquisition of Cham Paper Group's specialty paper business. The sale comprises an enterprise value of CHF 146.5 million. Shortly before Christmas, the transaction received antitrust approval in Germany. Approval in Austria was obtained today.
Lawyers of Clifford Chance's Prague office have advised European Investment Bank (EIB) on its up to EUR 50m equity investment into Inven Capital, an internally managed, qualified-investor, Czech SICAV fund, fully-owned by the regional energy group CEZ, to support the growth of clean energy and smart technology SMEs and midcaps.