Deal Summary – Corporate

Arjo Wiggins Appleton sells wholly-owned subsidiary Appleton Papers through an employee stock ownership plan in which employees can invest. Arjo Wiggins advised by McDermott Will & Emery (William Charnley).

GE Capital sells its global satellite business to SES for $5bn (£3.53bn). GE Capital advised by Cravath Swaine & Moore (Robert Townsend). SES advised by Paul Weiss Rifkind Wharton & Garrison (Toby Myerson).

Lakefield Holdings makes unsolicited cash takeover offer for H Young Holdings, valuing it at £17.5m. Lakefield advised by Paisner & Co (Paul Miller). H Young advised by Nabarro Nathanson.

3i leads £200m managment buyout and invests £55m in Environmental Resources Management (ERM) Group. 3i advised by Lovells (John Davidson) and Cleary Gottlieb Steen & Hamilton. Management team advised by SJ Berwin and Pepper Hamilton. ERM Group shareholders advised by Dechert. Senior and mezzanine lenders Bank of Scotland and ICG advised by Ashurst Morris Crisp and Fried Frank Harris Shriver & Jacobson.

Swan Capital Investments takes over Mid Kent Holdings, valued at £106m, with financing from WestLB. Swan Capital advised by Travers Smith Braithwaite (Spencer Summerfield, Philip Sanderson). WestLB advised by Allen & Overy (Jeremy Hunt).