72

Transactions

JULY 2014

Santo Holding Deutschland

acquires Astellas’ OTC products portfolio in Germany and Austria

Legal advisor to Santo Holding:

Santo Holding Deutschland acquires Astellas’ OTC products portfolio in Germany and Austria

Japanese pharmaceutical company wants to sell its subsidiary blade. Currently, negotiations are underway with interested parties."Conversation is completely Klinge Pharma to sell," says Gerd Witt, commercial manager of Astellas in Germany.

M&A advisor to Santo Holding:

Astellas sells non-prescription medicines Venostasin, Alfason, Arctuvan, Doctan, Phosphalugel, Vomex and Vertigo Vomex. The top-selling product is Vomex (dimenhydrinate) for nausea and vomiting. The pharmacy sales service with about 20 employees, has been set. The products are still available on the wholesale market.

"The OTC business loses total in the group in importance," said Witt. The group wanted to focus more on the research area. Overall, Astellas has approximately 400 employees, of which 220 sell the products in doctors' offices and clinics.

Legal advisor to Astellas:

The company had emerged from the fusion of the Japanese manufacturers Yamanouchi Seiyaku and Fujisawa YAKUHIN K‐gy‐ 2005. The OTC daughter blade had been taken over by Fujisawa. The two owners are said to have close friends. LM

This announcement appears as a matter of record only Funke Mediengruppe

acquires several best-selling magazine titles from Axel Springer

Legal advisers to Funke Mediengruppe:

Axel Springer sells several of its best-selling magazine titles to Funke media group

FUNKE MEDIENGRUPPE has reached an agreement with Axel Springer AG to acquire Axel Springer AG’s regional newspapers as well as its TV program guides and women’s magazines. In this regard, Axel Springer and FUNKE MEDIENGRUPPE have further agreed to establish joint ventures for the marketing (headed by Peter Würtenberger) and distribution of print and digital media and so to merge their activities, their resources and their know-how in these areas. In both joint venture companies, Axel Springer will have the entrepreneurial leadership and a majority interest. Today, Axel Springer and FUNKE MEDIENGRUPPE have entered into a respective binding preliminary agreement in this respect. The envisaged transaction is planned to be implemented with economic effect as of 1 January 2014. In the fiscal year 2012, the regional newspaper groups as well as the TV program guides and women’s magazines contributed EUR 94.8 million to the EBITDA of Axel Springer Group and EUR 512.4 million to its revenues. The purchase price amounts to EUR 920 million.

Legal advisers to Axel Springer:

In the future, the regional newspapers BERLINER MORGENPOST and HAMBURGER ABENDBLATT, the advertising papers in Berlin and Hamburg as well as the TV program guides and two women’s magazines of Axel Springer (HÖRZU, TV DIGITAL, , BILD der FRAU, FRAU von HEUTE) and the related digital brands will be published by FUNKE MEDIENGRUPPE and will complement its existing portfolio of regional newspapers, advertising papers and magazines.

Jonas This announcement appears as a matter of record only www.lawyer-monthly.com

Nesselhauf Rechtsanwalte comments: “We confirm our involvement in the transaction. We have advised FUNKE Mediengruppe GmbH & Co. KG, the acquirer, in all aspects relating IP, Copyrights and media matters within the transaction. The transaction was lead with regard to IP by Dr. Volker Knies (partner) with assistance of Sebastian Carl Schmidt (associate), with regard to Copyrights by Dr. Stephanie Vendt (partner) with assistance of Sebastian Carl Schmidt and with regard to media matters by Michael Nesselhauf (partner) and Dr. Stephanie Vendt.” LM

Axel Springer

Astellas