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Technology, Media & Telecoms

Davis Polk Advises Millicom on the Sale of Its Operations in Senegal to Wari

08 Feb 2017

Davis Polk is advising Millicom International Cellular S.A. on the sale to Wari Group S.A. for $129 million of its business in Senegal, which is operated under the brand “Tigo.” The transaction is subject to regulatory approvals.

Millicom is a leading telecom and media company dedicated to emerging markets in Latin America and Africa. Wari Group, based in Senegal, is a leading platform for digital financial services in Africa.

Stibbe advises Tata Communications

08 Feb 2017

Stibbe advises Tata Communications on its investment in Teleena Holding B.V., a mobile virtual network enabler headquartered in the Netherlands.

Tata Communications is a global company with more than 8,500 employees across 38 countries. The company is listed on the Bombay Stock Exchange and the National Stock Exchange of India and is the flagship telecoms arm of the Tata Group.

Heuking Kühn Lüer Wojtek advises USU Software AG on the acquisition of all shares in unitB technology GmbH

07 Feb 2017

Effective January 1, 2016, USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, Germany ("USU"), acquired all shares in unitB technology GmbH, Berlin, to epand USU’s range of services in the area of individual solutions and portals. The team led by Dr. Rainer Herschlein, Partner at the business law firm of Heuking Kühn Lüer Wojtek, advised USU.

The purchase price of the shares, payable in cash, includes a fixed and a variable portion and depends on unitB’s future development.

Hannes Snellman Counsel to Fingerprint Cards on the Acquisition of Delta ID

07 Feb 2017

Fingerprint Cards expands its reach in biometrics by acquiring Delta ID, the world’s leading supplier of iris recognition technology, for USD 106 million (approximately 938 MSEK). The acquisition of the Californian-based company means that Fingerprint Cards expands its business and its technology portfolio with biometric security solutions based on the human eye. The transaction is subject to regulatory approvals and expected to close during spring 2017.

Freshfields advises industrials firm Vectra on the sale of Borchers business unit to The Jordan Company

06 Feb 2017

Freshfields has advised Vectra on the completion of the sale of its Borchers business division to affiliates of the U.S.-based private equity firm, The Jordan Company

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised Vectra Co. (‘Vectra’) on the completion of the sale of its Borchers business division to affiliates of the U.S.-based private equity firm, The Jordan Company, L.P. (‘Jordan’).

Roschier represented Thunder Software Technology in the acquisition of Rightware Oy

06 Feb 2017

Roschier represented Thunder Software Technology Co., Ltd. in its EUR 64 million acquisition of Rightware Oy, a leading provider of automotive user interface software from Inventure Fund Ky, Nexit Infocom LP, Visteon Global Electronics Inc., Finnish Industry Investment, management and a number of private sellers.

The transaction was announced on 19 December 2016 and is expected to close in early 2017.

P+P supervises financing round for market research startup Dalia Research

06 Feb 2017

Dalia Research, a Berlin-based market research startup, secures growth financing in the amount of approx. USD 7 m.

The primary investor in the series A financing round is London-based early-stage venture capital company Balderton Capital. Two existing investors, Wellington Partners and IBB Beteiligungsgesellschaft, have invested along with other investors.

Taylor Wessing advises ATTRAQT on the £25m reverse takeover of Fredhopper

06 Feb 2017

Taylor Wessing has advised ATTRAQT Group plc, a leading provider of visual merchandising, e-commerce site search and personalised recommendation technology, on its conditional £25 million reverse takeover of its peer Fredhopper BV.

In order to fund the acquisition, ATTRAQT will raise up to £28.5 million by means of a significantly oversubscribed placing and open offer. The combined group will be re-admitted to AIM on 7 March 2017, subject to shareholder approval at the general meeting on 6 March 2017.