16 Nov 2015 | 09:38 am |
International law firm Pinsent Masons advises family-owned SBKF Beteiligungs GmbH, Munich, in sale of shares in 17 DYI stores in and around Munich to hagebau group.
SBKF Beteiligungs GmbH, together with other shareholders, sold its shares in the established HEV Bau- und Heimwerkermarkt group, based in Munich. Hagebau group succeeded in a competitive process against other strategic and finance investors. The parties agreed not to disclose the value of the transaction. Completion of the transaction is still subject to the approval of the German Federal Cartel Office.
A Pinsent Masons team, lead by partner Eike Fietz, provided extensive advised to SBKF in this complex transaction.
SBKF Beteiligungs GmbH, holding company of a number of Munich entrepreneurs, held 45% interest in HEV Heimwerkermarkt GmbH & Co. KG. HEV is a hagebau franchisee and operates 17 DYI stores under the name of hagebaumarkt in and around Munich. The group employs about 1,400 people. In 2014, it achieved a turnover of more than 200 million Euro.
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Multinational law firm Pinsent Masons has advised listed European life and pensions consolidator Chesnara plc on its proposed £260 million acquisition of HSBC Life (UK) Limited from HSBC Bank plc.
Multinational law firm Pinsent Masons has advised on the creation of a major delivery alliance for the Sizewell C nuclear power station in Suffolk, supporting the formation of a new alliance between Sizewell C and three leading construction firms.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
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