Slaughter and May (Richard Cooper, Tony Beare, Graham White, Eddie Codrington) acted for Deutsche Post AG on the acquisition of the remaining shares of parcels and logistics company Securicor Omega Holdings. The remaining capital was bought from the target’s joint venture company, Securicor Group for E247m (£169.9m). Herbert Smith advised Securicor.
CMS Cameron McKenna (David Bresnick, Claire Smith) acted for private equity company Beringea on the £10m management buyout of Zenith Entertainment. Beringea is the lead financial backer and part of a syndicate of investors backing the buyout team. Rosenblatt Solicitors advised the management team.
Memery Crystal (Lesley Gregory, Nick Davis) represented adviser and broker Collins Stewart on a share placing and open offer for online academic publisher Ingenta. The company placed 41.314 million new ordinary shares at a price of 5p per share, raising £2.07m. Jones Day Gouldens advised Ingenta.
Berwin Leighton Paisner (Ian Ivory, Quentin Solt) acted for Able Brokers on the £6.5m management buyout of home and car insurance specialist HSBC Select (UK), part of HSBC Group. HSBC Select has been renamed the Outright Company UK. Stephenson Harwood advised HSBC. Norton Rose advised Premium Credit on the provision of a secured loan facility to Able Brokers.
Ashurst Morris Crisp (Chris Ashworth, Paul Gadd) is acting for Express Dairies on its merger with Arla Foods. The £150m deal will entail Express exchanging 51 per cent of its share capital for the entire share capital of Arla. Express will merge with Arla’s UK business, creating an entity with around £1.3bn in annual sales. Arla advised by Allen & Overy.
Pinsent Curtis Biddle (Andrew Masraf, Joanne Ellis) acted for ISIS Equity Partners on its investment in a £30m transaction to support the buyout and expansion of Care Management Group (CMG). Acting alongside Barclays on the £30m transaction, ISIS has also committed a sum to the company’s expansion. Tarlo Lyons advised CMG, with Deloitte & Touche representing the management.