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Technology, Media & Telecoms

DLA Piper advises Juniper Networks on definitive agreement to acquire AppFormix

07 Dec 2016

DLA Piper represented Juniper Networks, Inc., an industry leader in automated, scalable and secure networks, on its entry into a definitive agreement to acquire AppFormix, Inc.

AppFormix was founded in 2013 to deliver service optimization for enterprise cloud operators and application developers via real-time analytics, capacity planning, and orchestration tooling.

The acquisition is expected to strengthen Juniper's strategic position in telecommunications and enterprise cloud architecture build-outs.

Freshfields advises CA Technologies on the €600m acquisition of Automic from EQT

07 Dec 2016

The Freshfields team was led by partners Konrad Gröller, Bertram Burtscher, Florian Klimscha and Bruce McCulloch

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised CA Technologies (‘CA’) on its acquisition of Automic, the international leader in business automation software, from EQT, an alternative investments firm. The transaction, valued at approximately €600m net of cash and cash equivalents, is expected to close in the fourth quarter of CA’s fiscal year.

Shearman & Sterling Advises Tele2 AB on Its Rights Issue

05 Dec 2016

Shearman & Sterling advised Tele2 in connection with its approximately SEK 3 billion (approx. €300 million) rights issue. The shares were offered to the public in Sweden, the UK, Ireland, Denmark, Norway and Finland.

Tele2 is a European telecom operator and the second-largest operator in Sweden in terms of mobile service revenue. Tele2 offers mobile services, fixed broadband and telephony, data network services, content services and global Internet of Things solutions to more than 16 million customers in eight European countries and Kazakhstan.

DLA Piper secures victory for DTS Inc. in merger with Tessera Technologies

05 Dec 2016

DLA Piper represented DTS, Inc., an audio solutions provider specializing in digital surround sound formats, in defeating a motion for a temporary restraining order to enjoin the shareholder vote on a merger with Tessera Technologies, Inc., a leader in innovating and licensing technology and intellectual property. The deal is valued at US$850 million.

Orrick Advises FRONTEO in JPY2.5 Billion Funding

05 Dec 2016

Orrick has advised Japan-based FRONTEO, a publicly traded global technology company, in its JPY2.5 billion ($22 million) offshore issuance of bonds with stock acquisition rights. The convertible bonds were issued to Whiz Healthcare Japan 2.0 Investment LP, which specializes in investments in biotechnology and healthcare related companies. Whiz Healthcare is managed by Whiz Partners Inc., a prominent independent private equity firm in Japan.

Ellevio makes the largest private placement ever in the U.S. made by a European company, completes approx. SEK 35 billion bank refinancing and establishes a EUR 10 billion medium term bond programme

05 Dec 2016

Ellevio issued approx. SEK 3.3 billion, USD 941 million and EUR 50 million U.S. private placement notes. The issue constituted the largest private placement ever in the U.S. made by a European company.

The issue of private placement notes forms part of a larger refinancing transaction whereby Ellevio has set up a common debt platform through which it can raise debt through, amongst other things, bank facilities, private placements and public bonds, for the purpose of refinancing certain existing financial indebtedness and for general corporate purposes.

Darrois Villey Maillot Brochier advises Vivendi on a 600 million euros bond issuance

05 Dec 2016

Darrois Villey Maillot Brochier advised Vivendi on a 600 million euros bond issuance bearing interest at an annual rate of 1.125% and maturing in 2023.

The notes are admitted to trading on the regulated market of Euronext Paris.

The placement was made to institutional investors on 22 November 2016 through a bank syndicate composed of Citigroup, Société Générale Corporate & Investment Banking, Crédit Industriel et Commercial S.A., Mizuho Securities and The Royal Bank of Scotland.

King & Wood Mallesons advised Apex Technology on its 26 billion RMB acquisition of Lexmark International

02 Dec 2016

King & Wood Mallesons advised Apex Technology Co., Ltd. (Apex, SZSE: 002180) on successfully acquiring Lexmark International, Inc. (Lexmark), a world renowned printing and software company. Apex led a group of investors including PAG Asia Capital and Legend Capital to acquire 100% of Lexmark at an enterprise value of approximately US$4 billion (about 26 billion RMB). To date, this has been the biggest outbound transaction in the print industry, and is yet another example of China’s successful track record in offshore acquisitions.

Shoosmiths helps construction biometric company secure £4m funding deal

30 Nov 2016

Shoosmiths has advised Biosite, a Midlands biometric company, on securing £4m of growth capital from Mobeus Equity Partners to further develop a new fingerprint scanning security system.

Solihull based Biosite provides biometric access control and software-based workforce management products which facilitate safe and secure sites for the construction sector. The £4m funding from Mobeus Equity Partners will support the expansion of the Biosite team to facilitate the development of new site-management tools.