CMS Hungary has advised by Ilford Holding Kft. and Invitel Technocom Tavkozlesi Kft. — controlled by the China Central and Eastern Europe Investment Co-operation Fund, advised by CEE Equity Partners — on its July 21, 2017 sale of 99.99% of the share capital and voting rights of Hungarian telecommunications operator Invitel Tavkozlesi Zrt. to DIGI Tavkozlesi es Szolgaltato Kft., the Hungarian subsidiary of Digi Communications N.V. PeliFilip advised the buyers on the deal.
Gessel and Wierzbowski Eversheds Sutherland have advised Enterprise Investors on the acquisition by the Polish Enterprise Fund VII and the President of the Management Board of 100% of shares in Janton, Poland’s leading producer of alcoholic beverages based on grape and fruit wines. The sellers were advised by CMS on the deal, which remains conditional on antimonopoly approval. Financial details were not disclosed.
Acting for borrowers RES Techonogy JSCo and ASM-BG Investicii JSCo., both jointly owned by the Korean South East Energy Company (a subsidiary of KEPCO) and SDN Company Ltd., CMS Cameron McKenna Nabarro Olswang has advised on the largest renewable energy refinancing in Bulgaria to date with the completion of UniCredit’s EUR 62 million facility. CMS Reich Rohrwig Hainz advised UniCredit on the refinancing.
CMS has advised Polish company Tele-Fonika Kable S.A. on its acquisition of JDR Cable Systems (Holdings) Ltd. — a supplier of subsea umbilicals and power cables to the offshore energy industry, headquartered in the UK — from majority owner Vision Capital. Macfarlanes served as legal counsel to the sellers, with Mills & Reeve acting as legal counsel to the JDR management team. JP Morgan and Societe Generale provided financial advice to TFKable, and Simmons & Company International provided financial advice to JDR.
CMS — with ENSafrica assisting on all matters of South African law — has advised ALPLA, an Austria-based worldwide provider of plastic packaging, on its agreement to acquire Boxmore Packaging, headquartered in Johannesburg, South Africa. Signing of the transaction occurred on July 5, 2017, and closing is subject to applicable regulatory and competition approvals. Financial terms of the transaction were not disclosed.
CMS has advised Work Service S.A. on the sale of IT Kontrakt sp. z o.o. to Oaktree Capital Management (UK) LLP, a private equity fund acting together with Cornerstone Partners sp. z o.o. The value of the transaction was just under PLN 147 million and Work Service S.A. intends to use the proceeds to finance further development of its core business and strengthen its presence in CEE.
Rodin & Partners, which describes itself as "an independent law firm with a focus on infrastructure, public-private partnership, energy projects and local and international dispute resolution," was launched in Russia on July 5, 2017. The firm consists of Artem Rodin, ex-partner of infrastructure, PPP and energy practice at CMS, and Timur Djabbarov, previously a senior litigation associate in the complex commercial litigation group at Dechert.
DLA Piper has advised Hungary-based Egis Pharmaceuticals on its acquisition of the D-Panthenol brand, the second largest brand in the dexpanthenol market in Russia, and of a Russian gynaecology portfolio consisting of Vagilac, Feminal and Folacin brands, from Jadran-Galenski Laboratorij. CMS advised the sellers on the deal.
According to Seth, the pen name of Canadian cartoonist Gregory Gallant, “We can’t suddenly quit a job and then race to find a form of art that will pay off before the next mortgage payment is due. Creating art is a habit, one that we practice daily or hourly until we get good at it.… Art isn’t about the rush of victory that comes from being picked.”
It would not be unreasonable to suggest that most developments in commercial markets occur as a result of competition between participants and manufacturers of similar products. From an end-user’s perspective, it is always easier to recognize products and/or make comparisons between products on the basis of specific brands/trademarks.
CMS teams in Austria and Croatia have advised Zagrebacka banka d.d, a member of UniCredit Group, on its sale of non-performing loan portfolios to a company controlled by APS Holding a.s. Ostermann & Partners advised APS Holding on the deal.