3 November, 2016
Skadden is advising Jacobs Douwe Egberts BV (“JDE”) in today's announcement that Super Group Ltd (“Super Group”) and Sapphire Investments BV (“Sapphire”), an indirect wholly owned subsidiary of JDE, subject to regulatory approvals, Sapphire has made a pre-conditional offer to acquire all the issued shares of Super Group, supported by irrevocable commitments received from shareholders representing 60% of Super Group’s issued shares to tender their shares in the offer. The offer will be at a price of S$1.30 per share, or a total aggregate consideration of approximately S$1.45 billion. For more information, please see JDE's press release here.
The Skadden team includes: M&A partners Daniel Dusek (Beijing), Sean Doyle (New York) and Paul Schnell (New York), and counsel Andre Zhu (Beijing); Banking partner Mark Darley (London); Litigation partner Brad Klein (Hong Kong); Intellectual Property and Technology partner Bruce Goldner (New York); Financial Institutions Regulation and Enforcement partner Jamie Boucher (Washington, D.C.); and International Competition partner Frederic Depoortere (Brussels) and counsel Andrew Foster (Hong Kong).
