SME software firm looks to strengthen balance sheet
Leading law firm Irwin Mitchell has advised on a multi-million pound fundraising for AIM-quoted SME software company K3 Business Technology Group plc.
The Manchester-based firm revealed its plans earlier this month for a £7.5m share placing through finnCap with institutional investors and a £1m open offer to shareholders.
Vinge advises Generic Sweden AB (publ), which is listed on First North, in connection with the sale of its consultancy business Generic Systems Sweden AB to MSC Group AB (publ). Generic Sweden's divestment of the consultancy business focuses the group's operations towards telecom. The purchase price consists of a cash component and shares in MSC Group AB (publ), which is listed on Nasdaq OMX Stockholm Small Cap.
The Vinge team advising Generic Sweden includes partners Jesper Ottergren (M&A) and Erik Sjöman (Capital Markets).
Shearman & Sterling has advised Orange in the sale of approximately 133 million shares in BT for an amount of GBP 383 million and the issuance of bonds exchangeable into BT shares for an amount of approximately GBP 520 million.
Shearman & Sterling has advised Orange in the sale of approximately 133 million shares in BT for an amount of GBP 383 million and the issuance of bonds exchangeable into BT shares for an amount of approximately GBP 520 million.
MUNICH, June 21, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ProSiebenSat.1 Media SE on the acquisition of a majority stake in Jochen Schweizer GmbH, a company of Jochen Schweizer Group. The transaction is based on an enterprise value of 108 million euros, which corresponds to a ratio of corporate value and EBITDA of around 11x at the end of last year. ProSiebenSat.1 is expanding its commerce business with the acquisition.
Slaughter and May is advising Telecom Plus PLC on its proposed return of capital of up to £25 million to shareholders through a tender offer and subsequent repurchase of ordinary shares. The tender offer is expected to complete on 3 July 2017.
Telecom Plus, which owns and operates the Utility Warehouse brand, is the UK's only fully integrated provider of a wide range of competitively priced utility services spanning both the Communications and Energy markets.
DLA Piper is advising international audio technology company Audinate Group Limited on its AU$21 million initial public offering (IPO).
The DLA Piper team is being led by Sydney Corporate partner Catherine Merity, with assistance from senior associate Rosa Sayer, solicitor Olivia Wild and teams in DLA Piper's Washington, San Diego, London and Hong Kong offices.
DLA Piper represented staffing and recruitment software provider Bond International Software and private equity firm Symphony Technology Group (STG) in the acquisition of Erecruit, an enterprise staffing software platform from North Bridge Growth Equity.
Dassault Systèmes, a developer of 3D design and engineering software, acquired AITAC B.V., which, together with its subsidiaries, develops marine and offshore engineering software.
The acquisition allows Dassault Systèmes to strengthen its marine and offshore portfolio.
Houthoff Buruma team included: Alexander Kaarls , Baukje Dreimüller , Philip van der Eijk , Steffie Calten Houwing
MUNICH, June 20, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ProSiebenSat.1 Media SE on the sale of all shares in Etraveli Holding AB to CVC Capital Partners, an international financial investor. Since ProSiebenSat.1’s acquisition in 2015, Etraveli has significantly increased its revenues and earnings. In addition, the company’s value, based on an enterprise value of EUR 508 million, more than doubled within this period.