Deals roundup

Our regular round-up of deals involving Irish law firms. Submit your deals to

  • Matheson advises Macquarie fund on acquisition of Beauparc

Matheson has advised Macquarie European Infrastructure Fund 6, alongside Jones Day, on its agreement to acquire Ireland’s largest waste company, Beauparc Utilities Holdings Limited.

Beauparc, currently owned by founder Eamon Waters and Blackstone Tactical Opportunities Fund, is a recycling and processing led waste-to-resource business with a market leading position across Ireland and a significant growing presence in the UK and the Netherlands.

Completion of the transaction is subject to customary regulatory approvals.

A cross-departmental Matheson team was led by corporate M&A partner Brian McCloskey and senior associate Robert Maloney Derham.

Mr Derham said: “This is a significant transaction in the Irish M&A market and is another great example of how domestic Irish companies are an attractive proposition to the most significant private equity players globally.

“Our role on this transaction required input from specialists across the firm and underlined Matheson’s in-depth expertise in advising on such large scale transactions combined with an ability to deliver cross-departmental advice seamlessly”.

  • Pinsent Masons advises on Ireland’s first next generation wind farm service craft

Multinational law firm Pinsent Masons has advised crew transfer vessel owner and operator Farra Marine on Ireland’s first next generation wind farm service craft.

The Farra Orla, which officially launched this week following acceptance testing, is the first of the next generation crew transfer vessel (CTV) to operate from Ireland.

The catamaran is 27 metres long, has a top speed of 29 knots and is the first of a new generation of offshore windfarm service vessels. The company is expecting delivery of its second vessel, the Farra Ciara in early 2022.

Pinsent Masons lawyers Garrett Monaghan, Gavin Farquhar and John Scanlon advised Farra Marine on the financing, construction and acceptance of the Farra Orla.

Mr Monaghan said: “Farra Marine is a real example of the emergence of an indigenous supply chain in the Irish offshore wind sector.”

He added: “Congratulations and safe sailing to the Orla and its crew on its entry into the UK and European offshore wind markets.”

  • Arthur Cox advises Nordeus on acquisition by Take Two

Arthur Cox has worked with US firm Fenwick & West to advise mobile games developer Nordeus on its sale to Take Two Interactive Software, Inc.

Corporate and M&A partner Connor Manning led the Arthur Cox team, supported by corporate and M&A lawyers Ciarán Bolger, Niamh O’Toole, Jean Kiely and Gillian Farrell and tax lawyers Ailish Finnerty and Nicola Cavey.

  • DLA Piper advises Navitas Semiconductor on $1.04bn merger

DLA Piper has advised Navitas Semiconductor Limited on its merger with NYSE-listed special-purpose acquisition company Live Oak Acquisition Corp. II.

The transaction, which values the combined entity at an enterprise value of $1.04 billion, will result in Navitas becoming a publicly-traded company on a national exchange under a new ticker symbol.

Navitas Semiconductor is focused on gallium nitride (GaN), a next-generation semiconductor technology that runs up to 20 times faster than legacy silicon, and enables up to three times more power and three times faster charging in half the size and weight.

The transaction, which has been unanimously approved by the boards of Live Oak II and Navitas, is expected to close in the third quarter of 2021, subject to approval by Navitas’ shareholders.

DLA Piper acted as global legal counsel to Navitas, with a team led out of the firm’s Dublin office by partner and head of tax in Ireland, Maura Dineen, alongside tax associate Patrick O’Donovan, corporate partner Matthew Cole, legal director Micheál Mulvey and associate Dara McDonald.

Ms Dineen said: “This is a landmark deal for Navitas, a company that was formed with the vision to revolutionize the world of power electronics while addressing significant sustainability challenges for our planet.

“We are proud to have helped them to enter the public capital markets and look forward to seeing them go from strength to strength.”

  • LK Shields advises on Irish aspects of $1.68bn acquisition

LK Shields Solicitors LLP has acted on the Irish aspects of Platinum Equity’s $1.68 billion acquisition of Club Car from NYSE-listed Ingersoll Rand.

Club Car is a US-headquartered company that manufactures electric and gas-powered golf cars and UTVs for personal and commercial use.

An LK Shields team led by corporate and M&A partner Jennifer McGuire, assisted by James Byrne and Jane O’Grady, acted on the transaction.

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