Corporate deals round-up

Lovells (Simon MacDonagh, Richard Stones, Rachel Kent) advised ING Group on an agreement to sell the portfolio business of Baring Asset Management. US-based MassMutual Financial Group is buying Baring’s investment management business, including €26bn (£13.51bn) of assets under management, while Chicago’s Northern Trust Corp will buy its financial services group. MassMutal advised by Slaughter and May (Paul Olney) and Northern Trust by Clifford Chance (Roger Moore).

Mayer Brown Rowe & Maw (Stephen Bottomley, Andrew Copley) advised AIM-listed Augean on its proposed acquisitions of Atlantic Waste Holdings and Zero Waste Holdings for £80m and £26m respectively. Atlantic and Zero advised by O’Melveny & Myers and Eversheds respectively.

Norton Rose (Richard Sheen) advised Charles Stanley & Co, the nominated adviser and broker to food group Glisten, on a £7.3m cash placing to part fund Glisten’s conditional acquisition of Halo Foods. Glisten advised by Eversheds.

Simmons & Simmons (Chris Wilkinson) advised Manganese Bronze Holdings, the leading manufacturer of London’s black cabs, on a 20-year licence agreement with Computer Cab (ComCab) for its Zingo mobile phone taxi hailing system. ComCab advised by Kimbells.

Baker & McKenzie (Samantha Mobley) has helped Bayard Capital Partners to obtain clearance by the Office of Fair Trading for the acquisition of Landis+Gyr, the global leader in the design, manufacture and distribution of electricity meters and related equipment. Landis+Gyr advised by Hengeler Mueller.
Lawrence Graham (Hugh Maule, Jane Spiers, Sunil Kakkad) advised Careforce Group, a UK-based domiciliary care service provider, on a £7m placing and admission to AIM. Arbuthnot Securities, the nominated adviser and broker to Careforce, advised by Berwin Leighton Paisner (Antony Levinson).