Levi, Ray & Shoup (LRS), based in Illinois, USA, has announced that it is acquiring Sweden-based software company Cirrato Technologies AB (Cirrato). The Cirrato group will be a part of LRS, helping the company expand its market reach and solution offerings.
A cross-border team from global law firm Norton Rose Fulbright has advised ASX-listed company Appen Limited on its acquisition of 100 per cent of the shares in Mendip Media Group Limited.
Appen is a leading global language technology solutions provider with capability in over 180 languages and 130 countries, serving global technology companies, automakers and government agencies.
Verisure and Falck have just entered into a collaboration agreement on alarm systems for private customers and small traders in Denmark and Norway. Verisure acquired Falck's alarm customer portfolio and a number of operational assets in Denmark and Norway as a part of the deal. Plesner advised Verisure on the transaction.
Verisure's acquisition and the new collaboration with Falck means that Falck will still market and sell alarms in Denmark and Norway, but that in future Verisure will be responsible for the installation and maintenance of the alarm systems.
Schoenherr has advised Funke Mediengruppe on the sale of Pannon Lapok Társasága ("PLT") to Mediaworks. The acquisition was approved by the National Media and Infocommunications Authority and the Hungarian Competition Authority, and the deal closed on 30 September 2016. The purchase price is not public.
Pannon Lapok Társasága is present in four Hungarian counties with regional papers in addition to having local digital media channels as well.
Com Hem and Teracom Boxer Group AB have on 7 June 2016 entered into an agreement regarding Teracom Boxer Group AB’s divestment of its Swedish pay TV business – Boxer TV-Access AB (“Boxer Sweden”). The transaction was subject to the Swedish Competition Authority’s approval. Closing was held on 30 September 2016.
On 3 October 2016, UPC Switzerland (formerly upc cablecom) acquired the remaining 51% in e-fon AG. In October 2013, UPC already aquired 49% and entered into a joint venture with the sellers. e-fon is the leading provider in Switzerland for modern telephone solutions in the wholesale market.
Walder Wyss advised the sellers and e-fon AG in this transaction. The team was led by Alex Nikitine (Partner, Corporate/M&A, Capital Markets) and further included Hans Rudolf Trüeb (Partner, IP/IT) and Fabian D. Glässer (Associate, Corporate/M&A).
Ascom Holding AG (SIX: ASCN) and InfoVista have closed a sale agreement under which InfoVista acquired the Network Testing Division. The transaction is based on a cash-free / debt-free enterprise value of USD 45 million. Ascom received USD 30 million in cash at closing and the remainder of the consideration is in the form of a subordinated vendor loan with a nominal value of USD 15 million, a 7-year maturity and a stated interest rate of 4% p.a.
Noerr has advised Linio Holding comprehensively on a Series D financing round for €50 million. The financing round was led by Mexican investors LIV Capital and Northgate together with Swedish investor Kinnevik.
UBS AG and Zürcher Kantonalbank acted as managers in the issuance of bonds by Sonova Holding AG valued at CHF 760 m. The bonds will be listed on the SIX Swiss Exchange. The proceeds of the bonds will be used by the Issuer for refinancing a bridge facility entered into in connection with the acquisition of AudioNova that was completed in September 2016.
Homburger acted as counsel to Sonova Holding AG. The Homburger team consisted of Jürg Frick (Partner, Financial Services), Dieter Grünblatt (Partner, Tax) and Eduard De Zordi (Counsel, Financial Services).
Squire Patton Boggs advised Plat.One Inc., a leading enterprise-grade Internet of Things (IoT) solution platform in its acquisition by SAP, a market leader in enterprise application software.
Plat.One's IoT platform enables the rapid development and scalable management of enterprise IoT environments, including connected products, smart cities, connected transport and smart manufacturing.