The financial investor of ProSiebenSat.1 Media SE, SevenVentures GmbH, has sold a majority of the investments in its media-for-equity portfolio to the US private equity fund Lexington Partners. The transaction volume is in the mid double-digit million range.
Intellitix Holdings Limited, a Canada-based company, provider of RFID access control and cashless payment systems for live events, on the acquisition of Loc Pay Systems B.V., a Netherlands-based company, offering token-based payment systems for festivals, venues and events.
Clifford Chance has advised FairSearch on the European Commission investigation leading it to impose the record €2.4bn EU fine on Google for illegal search manipulation practices in a key online sector, comparison shopping – a service that allows users to compare product features, prices, and availability from a wide selection of online retailers.
Sidley advised Blackbaud, Inc., the world’s largest cloud software company powering social good, on its agreement to acquire UK-based online fundraising services provider, JustGiving™, whose online social giving platform has played a powerful role in the growth of peer-to-peer fundraising, for an aggregate purchase price of £95 million, subject to certain adjustments. The transaction is subject to customary regulatory review in the UK.
Osborne Clarke has advised Yoyo Wallet on their £12m Series B fundraising from wholesale and food retailer Metro AG, asset managers Woodford Investment Management and tech investor Touchstone Innovations.
Launched in 2013, Yoyo Wallet is the UK’s fastest growing mobile payment app. The app allows customers to earn loyalty rewards and receive personalised offers, whilst offering retailers the opportunity to influence and simplify their customer’s purchasing behaviours.
We advised Finnish IT service company Digia Plc and the lead manager Evli Bank Plc in a rights issue. The rights issue was oversubscribed, and the company raised gross proceeds of approximately EUR 12.5 million through the issue.
Mayer Brown announced today that it served as tax and structuring counsel to Altice N.V., a multinational cable and telecommunications company, and Altice USA, its US affiliate, on the initial public offering (IPO) of Altice USA on the New York Stock Exchange. The IPO raised US$1.9 billion on a market capitalization of approximately US$22 billion, making it the second-largest US IPO of 2017. Altice USA is the fourth-largest cable operator in the US.
Baloise acquires Movu, Switzerland’s biggest digital platform for home-moving services. The transaction is subject to the approval of the regulator and will be completed in the next weeks.
Walder Wyss has acted as advisor to the selling founders and financial investors in all legal aspects of the transaction. The team was led by Florian Gunz Niedermann (Partners, Corporate/M&A) and further included Fabienne Anner, Samuel Lieberherr and Christian Lütolf (Associates/M&A), Michael Isler (Partner, IP/IT) and Maurus Winzap (Partner, Tax).
The European Commission imposed on 27 June 2017 a record fine of €2.42 billion to Google for abusing its dominant position in general internet search by giving prominent placement only to its own comparison shopping service while demoting competitors.
Partner Laurent Godfroid and counsel Ségolène Pelsy from Gide have been representing formal complainant Twenga, a shopping comparison engine, since the opening of that investigation 7 years ago.
Osborne Clarke has advised Verve Wireless, Inc. on the acquisition of matchinguu GmbH.
A mobile ad-tech and marketing specialist company, matchinguu GmbH will be integrated into Verve, accelerating its expansion into the German market. The company’s goal is to change the way app publishers and advertisers interact with audiences. Through its own marketing platform, matchinguu GmbH empowers engagement that is more targeted and highly relevant.