White & Case LLP has advised SPIE on its €600 million bond issuance to finance the acquisition of SAG, a German leader in energy infrastructure services.

The issue is guaranteed by the group's main subsidiaries, with the bonds maturing in seven years and bearing interest at 3.125 percent. The net proceeds of the transaction will be used to finance the acquisition of SAG, which was announced by SPIE on December 23, 2016, to refinance SAG's existing indebtedness and to finance SPIE's general corporate purposes. The transaction was several times oversubscribed.

Travers Smith LLP has advised The Access Group, one of the UK's leading providers of software to mid-market customers, on its acquisition of Safe Computing.

Davis Polk advised Telefónica, S.A. and Telefónica Emisiones, S.A.U. on the SEC-registered $3.5 billion aggregate principal amount off-the-shelf notes offering by Telefónica Emisiones, S.A.U., fully guaranteed by Telefónica, S.A. The offering consisted of two series of notes: $1.5 billion principal amount of fixed-rate senior notes due 2027 and $2 billion principal amount of fixed-rate senior notes due 2047.

DLA Piper advised Sito and its shareholders on its sale to Wise Group, a portfolio company of Intera Partners, the Finnish private equity sponsor. The new entity, employing nearly 1100 professionals, will be the largest Finnish-owned company in house building and infrastructure construction design and consultancy. In 2017, the combined turnover is expected to exceed 100 million euros. The company has plans to expand in the Nordics and hire 100 to 130 new employees per year.

Osborne Clarke has advised Smartlane on the closing of its Series A financing round.

The Smartlane software collects and uses “smart mobility data” to enable a dynamic order and tour management. The funding team aims to contribute to the reduction of carbon emissions that come from surplus transport, setting a new standard for service logistics.

The six figure investment comes from the family office Ideenschaft Invest GmbH & Co. KG and will be used for further technology development and expansion.

Allen & Overy advised the RAG Foundation on the issue of a EUR 500 million convertible bond linked to Evonik shares due on 16 March 2023.

The RAG Foundation already placed a convertible bond with an aggregate principal amount of EUR 500 million in February 2015 and of EUR 600 million in June 2014. RAG-Stiftung was also advised by Allen & Overy in regard to these transactions.

Baker McKenzie has advised European banking app Centralway Numbrs on its substantial investment from the Investment Corporation of Dubai (ICD), the principal investment arm of the government of Dubai. The investment will support the company's future growth plans, as it also announced plans to launch in the UK early in 2017, building on the 1.5 million bank accounts in Germany that are currently managed through the app.

Nctm Studio Legale advised BT Enìa Telecomunicazioni S.p.A., a company controlled by BT Italia S.p.A., in the purchase of a line of business relating to a telecommunication network extending for approx. 1,500 km in Emilia Romagna belonging to IRETI S.p.A. (a company of the IREN Group engaged in the field of public local grid services), which was advised by Studio Bettini Formigaro Pericu.

Trowers & Hamlins has advised Bahrain Cinema Company (Cinesco) on a joint venture with Majid Al Futtaim to develop the world's largest cinema.

Olswang has advised global music streaming giant Spotify on its acquisition of Sonalytic, the UK-based makers of audio detection technology that identifies songs, mixed content and audio clips.

Sonalytic's technology will help improve Spotify's personalised playlists, match songs with compositions and improve Spotify's publishing data system.

Olswang advised Spotify on all areas of the transaction, deploying specialist technology experts from a range of practice areas.