Mergers & Acquisitions in Europe

Experience

    • Link Fund Solutions as authorised corporate director of the LF Equity Income Fund in the £224 million sale of shares in 19 public and private life sciences companies to Acacia Research Corporation by the LF Equity Income Fund.
    • VINCI Energies in its acquisition of Converse Energy Projects (now Actemium Energy Projects or AEP) from Schneider Electric; AEP is a leading provider of turnkey industrial power distribution solutions in Germany.
    • Prudential Financial in its $1.9 billion sale of Prudential Life Insurance of Korea to KB Financial Group.
    • LeapFrog Investments in its investment in MedGenome, a leading genetic diagnostics, research and data company focused on expanding access for populations in South Asia and other emerging markets, with operations in the U.S., India, Canada and Singapore.
    • The Marandi family in its acquisition of The Conran Shop.
    • Covéa Group in its $9 billion acquisition, later terminated, of PartnerRe.
    • Allergan in its sale of Brazikumab to AstraZeneca and Zenpep to Nestle.
    • Providence Equity Partners in its majority investment of €200 million in Smartly.io.
    • hoch.rein in its sale of chargeIT to stock-listed energy company Eneco; chargeIT was the largest independent player in the German market for charging systems for Electronic Vehicles, charging controllers and IT software.
    • Clayton, Dubilier & Rice in its investment in SOCOTEC Group, a leading global provider of testing, inspection and certification services focused on asset integrity.
    • Sonos in its acquisition of Snips, an artificial intelligence voice platform.
    • HarbourVest Partners as lead investor in the GP-led restructuring of Bridgepoint Capital’s €4.8 billion crisis-era fund, Bridgepoint Europe IV.
    • Clayton, Dubilier & Rice and BrandSafway in the $6.2 billion sale of BrandSafway to Brookfield Business Partners L.P. and CD&R Fund X.
    • Pacific Life in its sale of Aviation Capital Group to Tokyo Century Corporation.
    • Lovell Minnick in its take-private deal for Charles Taylor, a leading provider of professional services to the global insurance market.
    • HarbourVest Partners in its secondary acquisition of a majority interest in Digital Prosperity Fund I and an associated co-investment vehicle, both managed by Amadeus Capital Partners, from MTN Group.
    • TPG Growth in its takeover of the existing assets of the Abraaj Group’s $1 billion Global Healthcare Fund.
    • Alibaba in the joint venture of its AliExpress business in Russia with the Russian Direct Investment Fund, MegaFon and Mail.ru, aimed at integrating Russia’s key consumer internet and e-commerce platforms.
    • AmTrust Financial Services in its $830 million reinsurance-to-close deals with Enstar Group in respect of its Lloyd’s operations.
    • Capital Group Private Markets and other selling shareholders in the $1.85 billion sale of Eaton Towers to American Tower. The deal won the “M&A Deal of the Year” category at the IFLR1000 Sub-Saharan Africa Awards.
    • The Marandi family in its acquisition of ASHS Limited, the company operating under the Anya Hindmarch brand, from Mayhoola for Investments.
    • AmTrust in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2bn.
    • DBAY Advisors in the structuring and funding elements of its acquisition of Harvey Nash Group.
    • AmTrust Financial Services in the merging of its Lloyd’s business with Canopius. The transaction will create a top-five insurer at Lloyd’s with combined premiums of approximately $2.2 billion.
    • Clayton, Dubilier & Rice in its acquisition of a controlling interest in Westbury Street, a leading independent contract caterer and hospitality services provider in the UK.
    • OEConnection, a Providence Private Equity portfolio company, in its acquisition of Bluegrasscoms.
    • The Poddar family in the sale of their remaining shareholding in Ashirvad Pipes to Aliaxis.
    • Ingeus Investments Limited (a subsidiary of Providence Service Corporation) in its sale of its French subsidiary Ingeus SAS to German group LIVIA Corporate Development SE.
    • HarbourVest Partners in its role in the £1.2 billion take-private acquisition of UK insurer esure.
    • A leading secondaries fund sponsor in its acquisition of a portfolio of venture capital and private equity interests from a major European private equity manager.
    • A leading secondaries fund sponsor in its acquisition of a portfolio of private equity fund interests held by a European fund of funds sponsor.
    • Glendower Capital in its role as part of a consortium of blue-chip institutional investors to invest approximately $530 million in six companies controlled by Argonne Capital Group.
    • Assured Guaranty in its acquisition of a minority interest in Rubicon Infrastructure Advisors.
    • MegaFon in its transaction with VimpelCom to discontinue their Euroset joint venture resulting in MegaFon taking control of over 100% of Euroset.
    • AXA in its acquisition of Bermuda-based XL/Catlin Group for $15.3 billion in connection with insurance M&A and regulatory matters.
    • Tristan Capital in its sale of a 40% interest in Tristan to Candriam, a New York Life affiliate.
    • Motor Fuel Group in the financing and tax structuring of its £1.2 billion acquisition of MRH, the UK's largest petrol station and convenience retail operator.
    • Hanover Insurance in its $950 million sale of Chaucer, its Lloyd's-focused international specialty business, to China Re.
    • Pernod Ricard in its acquisition of the remaining stake in Avión Tequila.
    • A U.S. private equity fund in co-investments in various jurisdictions, including France, Sweden, Denmark, Spain and Poland.
    • A U.S. private equity fund in a complex GP fund restructuring involving the establishment of a new fund to acquire assets.
    • Dover Corporation in its acquisition of Germany-based Ettlinger, a leading manufacturer of filtering solutions for the plastics recycling industry.
    • American International Group in its $5.56 billion acquisition of Validus Group, a Bermuda-based, NYSE-listed, (re)insurance company.
    • SBM Ventures in its investment in mPharma, an Africa-based company that manages prescription drug inventory for pharmacies and their suppliers in various African jurisdictions.
    • Clayton, Dubilier & Rice in its acquisition of a 40% ownership interest in Belron, which valued the company at €3 billion.
    • A large Swedish pension fund in its co-investment in a UK utility company.
    • VINCI Energies in its acquisition of Horlemann Group.
    • Atkore in its acquisition of Flexicon.
    • Prudential Financial, as the primary investor in LeapFrog Strategic African Investments (LSAI), in LSAI’s $180 million investment in Ghanaian financial services market leader Enterprise Group.
    • Polyus Gold International in its sale of up to a $1.4 billion stake in PJSC Polyus to Fosun International.
    • Bregal Freshstream in its investment in TrueNoord, an independent aircraft leasing business that specialises in the regional aircraft market.
    • Helios Investment Partners in the formation of a joint-venture with GBfoods targeting the African fast moving consumer goods (FMCG) sector, creating one of Africa's largest FMCG groups, operating in 30 African countries, including leadership positions in Nigeria and Ghana.
    • Adveq in its sale to Schroders.
    • Clayton, Dubilier & Rice as majority shareholder in Exova in the £620.3 million recommended cash acquisition of Exova by Element Materials Technology.
    • Argenta in the sale of Syndicate 2121 at Lloyd's and the Argenta members' agency to Hannover Re.
    • Caisse de dépôt et placement du Québec in its investment in Datamars.
    • Helios Investment Partners in its sale of a minority stake in Interswitch to TA Associates. Helios Investment Partners remains the majority shareholder following the transaction.
    • Universal Cargo Logistics Holding (UCL Holding) in a division of the shipbuilding and shipping business of Volgo-Balt Transport Holding (VBTH) with its minority shareholders, whereby the river cruise business of VBTH (Vodokhod Group) was taken over by the minority shareholders and UCL Holding consolidated 100% of VBTH, which has retained control of all of the shipbuilding and water cargo transportation assets.
    • Capital Group Private Markets, part of Capital Group, in its acquisition of a 35% interest in Tsebo, the leading Pan-African facilities services company.
    • American International Group in several transactions with Fairfax Financial, a leading global property and casualty insurer and reinsurer, as part of a strategic partnership in 12 jurisdictions across Latin America and Central and Eastern Europe.
    • Johnson & Johnson in its acquisition from AstraZeneca of the global rights outside of the U.S. to Rhinocort Aqua, a line of nasal sprays used to treat allergies.
    • Canada Pension Plan Investment Board in its $1.1 billion acquisition of Ascot from American International Group.
    • MBIA in the sale of its UK subsidiary to Assured Guaranty.
    • HarbourVest Partners in its £1.015 billion offer for SVG Capital, a publicly listed investment fund.
    • HarbourVest Partners in its £806.6 million acquisition of the investment portfolio of SVG Capital, a publicly listed investment fund. The acquisition followed an initial £1,015 million takeover offer by HarbourVest Partners for SVG Capital. The deal has been recognized by various industry award schemes, including the PEI Awards and being named Private Equity Deal Of The Year at the IFLR European Awards.
    • Belectric in its sale of Belectric Solar & Battery to Innogy.
    • Dover Corporation in its acquisition of Fairbanks.
    • Dover Corporation in its acquisition of ProGauge.
    • Helios Investment Partners in its acquisition of a majority stake in Telkom Kenya from The Orange Group.
    • AltaOne Capital in its acquisition, with Silver Lake, of a 37.6% interest in Cegid Group, valuing the company at ‎€580 million.
    • HarbourVest Partners in its co-investment with IK Investment Partners in the Salad Signature group, a Dutch and Belgian food business.
    • Beacon Capital Partners in its sale to AXA Investment Managers - Real Assets of the Tour First office tower, the tallest building in France.
    • Eutelsat in a joint venture with ViaSat to provide wholesale and retail broadband services in Europe.
    • HarbourVest Partners in its €360 million acquisition, through a fund managed by Compass Partners International, of five portfolio companies from Bridgepoint Capital.
    • Prudential Financial in its $350 million partnership with LeapFrog Investments, targeting investments in life insurance companies in Africa.
    • HarbourVest Partners, Neuberger Berman, HQ Capital and Idinvest Partners in the acquisition of limited partnership interests and a related stapled investment in funds managed by Mandarin Capital Partners.
    • Sacturino in its $5.5 billion loan facility for its take-private acquisition of Polyus Gold (valuing the company at approximately $9 billion).
    • HarbourVest Partners in the €400 million secondary acquisition, through a newly-formed fund managed by Portobello Capital, of the private equity portfolio of Portobello Capital II LP, as part of a fund restructuring.
    • Management of Balta in the sale of a controlling stake in the company by Doughty Hanson to Lone Star.
    • Modex in its acquisition of Gauthier Homes and Gauthiers’ Oilfield Rental.
    • Ingenico in its strategic partnership with Fosun International and acquisition by Fosun of a 20% minority stake in Ingenico’s Chinese activities.
    • HarbourVest Partners as co-investor in the 2012 take-private of Omega Pharma, and its subsequent sale in 2014 to Perrigo Company for €3.6 billion.
    • Actavis in the sale of Aptalis Pharmaceutical Technologies, a pharmaceutical outsourcing and R&D business in the U.S., to TPG.
    • AIF Capital as a selling shareholder in the sale of certain female healthcare businesses of Famy Care, the world’s largest producer of oral contraceptive pills, to Mylan.
    • TA Associates in its acquisition of Access Technology Group.
    • Hanwha SolarOne in its $2 billion acquisition of Hanwha Q CELLS.
    • The shareholders of Farnair Group in the sale and transfer of German group companies as part of the sale of Farnair Group to ASL Aviation Group.
    • Management of Sky Bet in the sale of a controlling stake in the company by Sky to funds advised by CVC, in a transaction valuing Sky Bet at £800 million.
    • A large India-headquartered pharmaceutical company in its acquisition of a UK pharmaceuticals company.
    • Helios Investment Partners in the acquisition by Helios Towers Africa of 3,100 telecommunications towers, located throughout Africa, from Bharti Airtel.
    • Tribune Media Company in the acquisition by its technology and innovation arm, Tribune Digital Ventures, of What’s-ON, a leading television search and Electronic Program Guide data provider for India and the Middle East.
    • Zurich Insurance in the sale of Zurich Russia's general insurance business to Olma and the restructuring of its Russian global corporate business.
    • Schneider Electric in the sale of its custom sensors and technologies division to Carlyle and PAI, based on an enterprise value of $900 million, and its reinvestment of approximately $100 million.
    • American International Group in the $7.6 billion sale of its 100% interest in International Lease Finance Corporation to NYSE-listed AerCap Holdings N.V.
    • GreyCastle in its $570 million acquisition, backed by a consortium of investors, of the run-off Life Reinsurance operations of XL Group.
    • TIAA-CREF in its partnership with Henderson Group PLC to create TIAA Henderson Real Estate Limited, a new global real estate investment management company, with total assets under management of over $63 billion.
    • NLMK in an investment by SOGEPA, a governmental investment entity in Belgium, in its European businesses.
    • Ontario Teachers’ Pension Plan in the formation of a joint venture with Aircastle to invest in leased aircraft.
    • Cinram, a portfolio company of Najafi Companies, in its acquisition of Saffron Digital Media from HTC.
    • Eutelsat in its $1.14 billion acquisition of Satélites Mexicanos.
    • Management of Vue Cinemas in the £935 million sale of the company by Doughty Hanson to OMERS Private Equity and Alberta Investment Management Corporation.
    • Warner Music Group in its $765 million acquisition of the Parlophone Label Group from Universal Music Group.
    • The Special Committee of the Board of Directors of Mobile TeleSystems in the RUB 5.09 billion acquisition by Mobile TeleSystems of a 25.095% stake in MTS Bank.
    • Interros in an agreement with Millhouse and UC RUSAL on settlement of the shareholders’ conflict, corporate governance and sale of shares in MMC Norilsk Nickel.
    • American International Group in the proposed sale, later terminated, of up to 90% interest in International Lease Finance Corporation to a consortium of Chinese investors in a transaction with an implied enterprise value of $27 billion.
    • HarbourVest Partners in its $1.4 billion acquisition of the private equity fund interests and direct co-investments of Conversus Capital.
    • Inter RAO in the sale of its 26.43% share in Enel OGK-5 to a consortium of investors consisting of Xenon Capital Partners’ Rusenergo Fund, the Russian Direct Investment Fund, AGC Equity Partners and the Macquarie Renaissance Infrastructure Fund.
    • Eutelsat in its $228 million acquisition of the GE-23 Satellite and associated customer contracts and orbital rights from General Electric Capital Corporation.
    • Polyus Gold in the $635.5 million sale of its shares to Chengdong Investment Corporation and VTB Bank.
    • Exal Corporation, an Ontario Teachers portfolio company, in the sale of its European division to Ardagh Group.
    • HarbourVest Partners in its secondary acquisition of limited partnership interests from multiple sellers in funds managed by Indigo Capital Partners.
    • HarbourVest Partners in its $806 million acquisition of Absolute Private Equity, a Swiss publicly listed investment fund.
    • Najafi Companies in its acquisition of the European assets and business of Cinram International Income Fund, one of the world's largest providers of pre-recorded multimedia products and related distribution and logistics services.
    • Clayton, Dubilier & Rice, AXA Private Equity and Caisse de dépôt et placement du Québec in the financing aspects of their €2.1 billion acquisition of SPIE from PAI Partners, which included a €1.335 billion senior term and revolving credit facility and a €375 million bridge loan.
    • Hanover Insurance in its £313 million public bid for Chaucer Holdings.
    • Lagardère in the €651 million sale to Hearst Corporation of its international magazine business.
    • Apax in its acquisition with Bridgepoint Capital of Histoire d'Or from Silverfleet Capital and Marc Orian from Qualium Investissement.
    • Helios Investment Partners in the acquisition of a controlling stake in Interswitch, Nigeria’s largest electronic transaction switching and payment processing service provider, from several Nigerian banks.
    • Rockefeller Group International in its acquisition of a majority interest in the European real estate fund management group Europa Capital.
    • Polyus Gold International in the $11 billion combination of KazakhGold Group Limited with Polyus Gold.
    • Reynolds Group in its $6 billion acquisition of Pactiv, a NYSE-listed global manufacturer and supplier of consumer food and beverage packaging and storage products.
    • Uralkali in its $8.1 billion merger with Silvinit.
    • Schlumberger in its $1.1 billion acquisition of Geoservices.
    • American International Group in the proposed sale, later terminated, of AIA Group Limited to Prudential plc for $35.5 billion.
    • Reynolds Group in its $1 billion senior notes issuance and a $800 million term loan senior secured financing for the acquisition of the Evergreen businesses and the Whakatane Mill.
    • HarbourVest Partners in its acquisition of a significant stake in Holtzbrinck Ventures’ media-related venture capital portfolio and HarbourVest’s support of the spin-out of the current management team to form a new German venture capital firm.
    • Clayton, Dubilier & Rice in its acquisition of British Car Auctions.
    • Reynolds Group in its acquisition of Reynolds Consumer Products and Closure Systems International and the associated financings and refinancings, a group of transactions valued at $3.2 billion.
    • Hardy Underwriting Bermuda Limited in its joint venture with Arab Insurance Group to form Hardy Arig Insurance Management, based in Bahrain.
    • Ripplewood in its €532 million sale of AEG Power Solutions to Germany1 Acquisition.
    • A Ripplewood-led consortium in its purchase of a minority interest in The Commercial Bank of Egypt.
    • Inter RAO in its acquisition of a business centre in Moscow from Horus Capital.
    • Central European Media Enterprises in a joint venture with Ukrainian businessman Igor Kolomoisky, a CME director and shareholder, to unite operations of CME’s Ukrainian television group "Studio 1+1" with Kolomoisky’s TET TV channel.
    • Air France-KLM in its €322 million acquisition of a 25% interest in Alitalia.
    • HarbourVest Partners in the sale of MYOB, an Australian accounting software firm for $1.3 billion to Bain.
    • Argan Capital and Merrill Lynch Global Private Equity in the sale of N&W Global Vending to Barclays Private Equity and Investcorp.
    • AAC Capital Partners in its sale of a $1.5 billion investment portfolio to a group of investors led by Goldman Sachs Asset Management.
    • Clayton, Dubilier & Rice in its £417 million acquisition of Bodycote Testing Group (now Exova) from Bodycote.
    • Benfield in its $1.75 billion merger with Aon.
    • Wendel in its €968.8 million acquisition of an additional interest in Compagnie de Saint-Gobain.
    • Pacific Life Insurance in its acquisition of the International Life Reinsurance segment of Scottish Re Group Limited.
    • Providence Equity Partners in its $430 million investment in Aditya Birla Telecom, a subsidiary of Idea Cellular.
    • Pernod Ricard in its €5.6 billion acquisition of the Vin & Sprit Group, makers of Absolut vodka, from the Kingdom of Sweden in one of the largest cross-border privatizations of 2008.
    • Meinl Bank in the strategic restructuring of Meinl European Land Limited, the central and eastern European focused property owner and developer.
    • GoshawK Insurance Holdings in its acquisition by Enstar Group Limited.
    • Rank Group in its $2.7 billion purchase of Alcoa’s packaging and consumer businesses.
    • Norilsk Nickel in its $2.7 billion spin-off of its power-generating assets and the creation of the largest independent power company in Russia.
    • RAO UES in the spin-off of OGK-5 and TGK-5.
    • The management team of ABN AMRO Capital, a private equity buyout firm with €3.1 billion of funds under management, in the sale of ABN AMRO Capital to the management.
    • Aetna in its acquisition of the Middle Eastern, Pacific and UK operations of Goodhealth Worldwide.
    • Clayton, Dubilier & Rice in its £1.3 billion sale of Brakes, a leading foodservice distributor in the UK and France, to Bain Capital.
    • VWR International, a portfolio company of Clayton, Dubilier & Rice, in its $4 billion sale to Madison Dearborn Partners.
    • HarbourVest Partners in its coinvestment in the buyout led by Investindustrial and Gala Capital of Panda Software, a Spain-based leading creator and developer of IT virus protection technologies, products and services.
    • Catlin Underwriting Agencies in its £591 million acquisition of Wellington Underwriting.
    • Aggreko in its acquisition of General Electric's GE Energy Rentals business.
    • Providence Equity Partners in its £1.5 billion acquisition of Phones4U.
    • Providence Equity Partners and The Carlyle Group in their €349 million purchase of UPC Sverige AB, the Swedish cable business of Liberty Global.
    • Gaz de France in its €91 billion merger with Suez and the registration of the transaction with the U.S. Securities and Exchange Commission.
    • Arcelor in the $32 billion acquisition by Mittal Steel.
    • Clayton, Dubilier & Rice, The Carlyle Group and Merrill Lynch Private Equity in the senior credit and high yield financings of the $15 billion acquisition of The Hertz Corporation.
    • AXA Group and its main shareholder, FINAXA, in their €5 billion merger.
    • Clayton, Dubilier & Rice, Eurazeo and BAML Private Equity in their €3.7 billion leveraged buyout of Rexel.