Global law firm Norton Rose Fulbright has acted for data centre developer and operator AirTrunk on its $400 million capital raising. The deal has been referred to by financial adviser to the transaction JP Morgan “as the single largest pre-revenue capital raising by a start-up in the Asia-Pacific”.
Eversheds Sutherland has advised Romax Technology, a pioneer in predictive maintenance solutions, on a multi-jurisdictional joint venture with BP subsidiary Castrol.
Castrol – one of the world’s leading lubricant brands – takes a controlling interest in Romax Technology’s Insight business. The deal will combine Castrol’s expertise in wind turbine lubrication with Romax Insight’s predictive maintenance, analytics and software business. Romax Insight is headquartered in Nottingham, UK.
Slaughter and May (Hong Kong) is advising PCCW Limited (PCCW) on the sale of an approximate 11.10% shareholding in HKT Limited (HKT). Both PCCW and HKT are listed on the Main Board of the Hong Kong Stock Exchange. The disposal is being effected by way of a placing, with Goldman Sachs (Asia) L.L.C. acting as placing agent. Following completion of the placing, PCCW will continue to hold an approximate 51.97% majority stake in HKT. The gross proceeds of the placing will, if completed, amount to approximately HK$8.534 billion.
BASF acquires Rolic, a Swiss based group offering innovative and forward-thinking solutions, particularly in the display and security industries as well as the optical film business.
Walder Wyss has acted as advisor to the seller in all legal aspects of the transaction. The team was led by Daniel Staffelbach and Florian Gunz Niedermann (Partners, Corporate/M&A) and further included Fabienne Anner (Associate/M&A), Michael Isler (Partner, IP/IT) and Reto Jacobs (Partner, Competition).
Cerner is a leading international IT company specialising in software solutions for the health care industry. On 2 February 2017, Cerner signed a contract with the Antwerp University Hospital (UZA) for the implementation and maintenance of a fully integrated electronic patient file platform.
More information about the contract is available in UZA’s press release (in Dutch).
Pieter Callens led the Eubelius team that assisted Cerner in negotiating and concluding the contract with UZA.
Squire Patton Boggs has advised Mobusi Mobile Advertising S.L., one of the leading mobile advertising companies in Spain, on the acquisition of Lab Cave, a company specialising in the development of video games.
Led by capital market law expert Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised PANTALEON Entertainment AG on a cash capital increase. In exclusion of shareholders' subscription rights, the company’s share capital was increased by issuing 55,000 new shares against cash contributions, placed with selected institutional investors.
Twilio Inc has acquired Beepsend AB. Beepsend is a company purchasing, producing, selling and sending text messages on a global market through a way of communication called A2P, application to person.
Twilio was founded in 2008 and has over 650 employees, with headquarters in San Francisco and several offices around the world. Twilio is a cloud communications platform company listed on the New York Stock Exchange with a total revenue of $277.3 million for the full year 2016.
Twilio was advised by Goodwin Procter LLP and Mannheimer Swartling in the transaction.
DWF has advised e-learning services and technology provider Learning Technologies Group plc (LTG) on the proposed recommended cash offer for AIM listed NetDimensions.
LTG's £54m offer for the integrated enterprise talent management software platform is being funded by a £46.5m placing alongside debt facilities provided by Barclays and LTG's chairman Andrew Brode. The takeover will see NetDimensions' mainly blue chip client base across operations in 40 countries, principally in UK, Hong Kong, USA and Germany, transfer to LTG.
Osborne Clarke has advised RM plc, a leading independent supplier of resources, IT software and IT services to the UK and international education market, on its proposed £56.5 million acquisition of the Education & Care business of Connect Group PLC.
The Class One transaction, which is conditional upon RM shareholder approval and the clearance of the UK Competition and Markets Authority, is expected to complete in the first half of 2017.