Deals: M&A 08/02/2007
Slaughter and May has advised Standard Chartered Bank on the sale of its shareholding in Standard Chartered Trustee and Standard Chartered Asset Management to a subsidiary of UBS, for $120m (£61m). Corporate partner Paul Olney led the team, working with Desai & Diwanji in India. Freshfields Bruckhaus Deringer corporate partner Philip Richards led the team advising UBS.
February 07, 2007 at 11:05 PM
2 minute read
Slaughter and May has advised Standard Chartered Bank on the sale of its shareholding in Standard Chartered Trustee and Standard Chartered Asset Management to a subsidiary of UBS, for $120m (£61m). Corporate partner Paul Olney led the team, working with Desai & Diwanji in India. Freshfields Bruckhaus Deringer corporate partner Philip Richards led the team advising UBS.
l Ashurst has advised Arla Foods UK in relation to a recommended cash offer by majority shareholder, the Danish cooperative Arla Foods, to acquire the remaining 49% of the company's share capital. The deal values the company's entire issued share capital at £434.5m. The Ashurst team was led by corporate partner Paul Gadd. Allen & Overy corporate partners Jeremy Hunt and Alan Paul (pictured) and associate David Foster acted for the acquirers.
l Nabarro Nathanson has advised Aerial Facilities on its acquisition by ECI Partners for £56m. The Nabarros team was led by corporate partner Roger Gregory. ECI was advised by Hammonds, with head of private equity Jonathan Jones leading the team.
l Olswang has advised a consortium of investors on the £217.5m acquisition of a leading UK provider of outsourced business services and technology solutions, Vertex Data Science, from United Utilities. The consortium was made up of US-based Oak Hill Capital Partners, Knox Lawrence International and GenNx 360 Capital Partners. Private equity partner Chris Mackie led the Olswang team. Slaughter and May corporate partner Peter Brien led the team advising United Utilities.
l Fladgate Fielder has advised Israeli company Dmatek on the acquisition of the world's largest GPS offender-tracking technology provider, Pro Tech Monitoring, for a consideration of $12.5m (£6m). Corporate partner Avram Kelman led the team at Fladgate. Pro Tech was advised in-house.
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