Sidley has taken the lead role for Apollo-managed funds in acquiring a 37% stake in Syntegon to support the company’s growth strategy across North America while enhancing its market position as a technology leader in regulated industries. The investment comes from CVC Capital Partners, which will retain a majority stake of about 63%, marking a significant milestone for Syntegon as it embarks on its next phase of development. Headquartered in Stuttgart, Germany, Syntegon offers integrated solutions for processing and packaging in the pharmaceutical, biotechnology, and food sectors. The company has shown resilience and growth since CVC's initial investment with revenue increasing significantly to around €1.75 billion and operating profit growing fourfold. This transaction is now awaiting customary regulatory approvals. Sidley’s deal team, spearheaded by partners Ramy Wahbeh and Florian Kamp, also relies on an extensive cross-office collaboration that includes expertise from various sectors such as global finance, environmental health, cybersecurity, and more, ensuring a comprehensive approach to the multifaceted aspects of this significant investment.
The Chancery Division sanctions Poundstretcher's restructuring plan despite six dissenting landlord classes, applying the Adler and Petrofac framework.
A single act of indirect disability discrimination can ground a full loss of earnings award, even where a later constructive dismissal claim was framed only...