Européenne de Froid et Services, MC International Group's holding company, sold to Johnson Controls for euro164m (£101m). The management and Charterhouse, Advent and CDC Equity Capital - all owners of Européenne - advised by Ashurst Morris Crisp (Thomas Forschbach). Johnson Controls advised by Herbert Smith.
Tibbett & Britten sells its Axial automotive business to AutoLogic Holdings for a total consideration of £59.5m. Tibbett & Britten advised by Denton Wilde Sapte (Anthony Alexander, Helen Cleaveland). AutoLogic advised by Lovells.
Reckitt Benckiser sells Reckitt's (Ireland) to Standard Brands (Ireland) for euro45m (£27.7m). Reckitt Benckiser advised by Matheson Ormsby Prentice (Edward Miller). Standard Brands advised by SJ Berwin.
People's Bank sells its UK credit card and consumer credit business to Citigroup International for £368m. People's Bank advised by Cleary Gottlieb Steen & Hamilton (Andrew Curran). Citigroup advised by Clifford Chance (John Healy).