Hengeler Mueller advises Tencent on further investment in N26
As part of an extended Series D Funding round, Tencent Holdings Ltd., one of the leading technology companies particularly in China, has increased its investment in N26 GmbH, a provider of mobile banking services. All previous investors from the Series D funding round in January 2019 have participated in this latest investment in N26.
Hengeler Mueller advises Ørsted on GIP’s sale of stake in offshore wind farm Gode Wind 1 to Glennmo
Global Infrastructure Partners (GIP) is divesting its 50 percent stake in the German offshore wind farm Gode Wind 1. GIP has for this purpose sold a 25 percent stake in the project to each of the investors Glennmont Partners and The Renewables Infrastructure Group Limited (TRIG). Ørsted, global leader in offshore wind and developer of …
Hengeler Mueller advises Supervisory Board of Osram on takeover offer
After detailed discussions, a bidding consortium composed of Bain Capital and The Carlyle Group, has presented to the Managing Board and Supervisory Board of OSRAM Licht AG ("Osram") a legally binding transaction offer for the public takeover of all the shares of Osram. Following a diligent process with the best interests for the company, the …
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Hengeler Mueller secures merger clearance in the paper wholesale market
After more than seven months of examination the German Federal Cartel Office (Bundeskartellamt) has given clearance for the intended acquisition of OptiGroup AB's German paper distribution business bundled in Papyrus Deutschland GmbH & Co. KG by Inapa – Investimentos, Participações e Gestão, S.A. With its subsidiary Papier Union GmbH Inapa is also active in the …
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Hengeler Mueller advises ICF BANK AG on registration as a benchmark administrator
ICF BANK AG Wertpapierhandelsbank has successfully completed the registration procedure as a benchmark administrator under the EU Benchmarks Regulation.
Hengeler Mueller advises Bayer on completed sale of global prescription dermatology business
LEO Pharma completes the acquisition of Bayer’s prescription dermatology business. The transaction includes the product rights for Bayer’s global prescription dermatology business with the exception of Afghanistan and Pakistan, a production facility in Segrate, Italy, and a total of 347 employees who will join LEO Pharma in addition to the employees who joined from the …
Hengeler Mueller advises Fidelity on the acquisition of the retail business of Metzler Fund Xchange
As of 1 January 2020 FIL Fondsbank (FFB), part of Fidelity group, will take over the retail business of Metzler Fund Exchange. The transaction, which is subject to customary regulatory conditions, comprises 50,000 customer accounts with assets of around EUR 2bn, most of which are managed by independent financial advisers and portfolio managers. FFB is …
Hengeler Mueller advises METRO AG in respect to public takeover offer
EP Global Commerce VI GmbH, a holding company owned by Daniel Křetínský and Patrik Tkáč announced on 21 June 2019 to make a voluntary public takeover offer to the shareholders of METRO AG for the acquisition of all ordinary and preference shares. The offer shall be subject to a certain minimum acceptance threshold of all …
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Hengeler Mueller advises Sonic on sale of its interest in GLP Systems
Sonic Healthcare Limited ("Sonic") (SHL.AX) has sold its indirect 85% shareholding in GLP systems GmbH ("GLP") to Abbott Laboratories ("Abbott"). Abbott has also acquired the remaining 15% interest in GLP.
Hengeler Mueller advises Axel Springer SE on strategic partnership with KKR
Axel Springer SE has signed an investor agreement with a holding company owned by funds advised by investment firm Kohlberg Kravis Roberts (KKR) and investment entities controlled by Friede Springer and CEO Mathias Döpfner to create a strategic partnership.