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Technology, Media & Telecoms

Freshfields advises MTN Group on issuance of US$1bn notes

25 Oct 2016

The Freshfields team was led by partners Stuart Grider and Duncan Kellaway

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised MTN Group on the issuance of US$500m guaranteed notes due 2022 for 5.373 per cent yield and the issuance of US$500m guaranteed notes due 2026 for 6.5 per cent yield. MTN Group is a market-leading mobile telephone network operator headquartered in South Africa with operations across Africa and the Middle East, which services approximately 230 million customers. 

Milbank Advises i:FAO on Public Tender Offer by Amadeus and Delisting

25 Oct 2016

MUNICH, October 21, 2016 - The international law firm Milbank, Tweed, Hadley & McCloy LLP advises i:FAO Aktiengesellschaft, Frankfurt am Main, a developer of cloud-based software for business travel management, on the public tender offer by Amadeus, a travel technology group based in Madrid.

In public releases made yesterday, a subsidiary of Amadeus S.A. has announced its intention to launch a public tender offer for the shares in i:FAO it does not own yet. In the context of the offer by Amadeus, i:FAO will apply for the delisting of its shares.

Ashurst advises MTG/MTGx on an acquisition of a stake in InnoGames to enter multi-billion dollar online gaming market

24 Oct 2016

Ashurst acted as special German counsel to international media group MTG (Modern Times Group) and their subsidiary MTGx, headquartered in Sweden, on the acquisition of 35 per cent of the shares in InnoGames GmbH, a leading global online games developer and publisher, from Eight Roads Ventures and the Company's founders. The investment is in line with MTG's digital strategy to invest in relevant, complementary and scalable digital content and communities. It creates a third digital entertainment vertical for MTGx alongside its esports and MPN businesses.

Technology experts advise RAC on the acquisition of Australia’s first driverless bus

24 Oct 2016

Herbert Smith Freehills has advised RAC on the acquisition of Australia’s first fully driverless and electric shuttle bus.

The RAC Intellibus uses self-driving technology to drive on open roads, autonomously interacting with traffic, cyclists, pedestrians and other obstacles.

RAC is currently trialling the bus along the South Perth Esplanade, with members of the public able to register to be among the first passengers.

Herbert Smith Freehills advises Australian startup on A$30 million capital raising

21 Oct 2016

Herbert Smith Freehills has advised Australian startup SafetyCulture on its Series B capital raising which raised A$30 million from international and domestic investors.

The capital raising, led by international VC firm Index Ventures, will allow SafetyCulture to grow its headcount and develop new products.

Olswang advises IoT enabler Telit Communications on US$75 million financing in partnership with HSBC plc

21 Oct 2016

Olswang has advised Internet of Things (IoT) provider Telit Communications plc ("Telit") on securing a new committed credit arrangement for US$75m in partnership with HSBC plc. The arrangement with HSBC plc comprises a five-year-term facility for US$40m and a committed three year term revolving credit facility for US$35m.

Dentons advises Liberty Global on approx US$800 million acquisition of Multimedia Polska

21 Oct 2016

Dentons advised Liberty Global, the world's largest international TV and broadband company, on the acquisition of Multimedia Polska, Poland’s number three cable operator with 1.6 million homes passed, mainly through its hybrid fiber-coaxial cable network, serving 832,000 unique customers who subscribed to 1.4 million subscription services consisting of 643,000 video, 493,000 broadband and 254,000 telephony RGUs. Liberty Global made the acquisition through its Polish unit UPC Polska.

Global Fashion Group closes €330 million private placement

20 Oct 2016

London - Paul Hastings LLP, a leading global law firm, announced today that it advised Global Fashion Group, a portfolio company of Kinnevik and Rocket Internet, on its private placement of €330 million convertible preference shares to a group of 21 existing shareholders of the company.

As the leading online fashion retailer in the emerging markets, Global Fashion Group has a presence in 27 countries, employs more than 10,000 people worldwide and serves over 10 million customers per year.