Linklaters has signed three private equity deals in one day, advising Triton Partners on the sale of Dematic to AEA Investors and Teachers’ Private Capital, the private equity arm of Canadian pension fund, Ontario Teachers’ Pension Plan (OTPP).
Dematic was founded in 1819 and, in 1973, became part of steel and machine group Mannesmann, which then sold it to Siemens. Triton acquired Dematic in 2006.
Initially run as an auction, this complicated transaction involved running a high yield bond prior to the sale itself for which ACA and OTPP are using US financing to support the acquisition.
The transaction was led on the corporate side by private equity partners Ian Bagshaw and Alex Woodward and supported by managing associate, Joel Arnell in London. Banking partner Alexander Naidenov led on the US financing aspects of the deal.
Linklaters has also advised Ambea on the sale of Carema Healthcare, a division of Ambea (a Swedish care and healthcare provider), to Capio AB. Linklaters advised Triton and KKR on the EUR850m acquisition of Ambea in 2009. This transaction was led by private equity partner Roger Johnson and managing associate Andreas Philipson, in Stockholm, on the corporate side and banking partner Annette Kurdian in London.
Linklaters has also advised Quilter, a portfolio company of Bridgepoint, on the bolt-on acquisition of Cheviot Asset Management. The merger, which is subject to standard regulatory approvals, is expected to be finalised by the end of the year and the merged firm will be known as Quilter Cheviot. The combined group will have more than GBP12bn of assets under management across 13 offices in the UK, Jersey and Ireland. Linklaters advised Bridgepoint on the initial acquisition of Quilter earlier in 2012. The team was led by private equity partner, Ian Bagshaw and Managing Associate, Stuart Boyd, in London.
