London —Dentons has advised the shareholders of Gravity Media Group ("Gravity Media"), the owner of worldwide broadcast services specialist Gearhouse Broadcast, on a substantial investment in the group by TowerBrook Capital Partners ("TowerBrook"), the investment management firm. The funds invested by TowerBrook will be used for future acquisitions by Gravity Media and to provide a cash return to the existing shareholders.

An Orrick antitrust team advised cloud computing company Apigee in its $625 million acquisition by Google. In a deal announced this week, Google will pay $17.40 per share in cash to acquire Apigee, subject to Apigee shareholder approval and applicable regulatory approvals.

Google praised the addition of Apigee’s API solutions to Google cloud. In a statement, Chet Kapoor, Apigee CEO, said: “We look forward to being able to accelerate our mission to connect the world through APIs as part of the Google team.”

Travers Smith has advised its long-standing client Micro Focus International plc ("Micro Focus"), the global enterprise software company, on its proposed $US 8.8 billion merger with Hewlett Packard Enterprise's ("HPE") software business segment ("HPE Software").

Baker & McKenzie successfully acted for new client and Fortune 500 company - Insight Enterprises on its 100% acquisition of Ignia.

Ignia, a business technology consulting and managed services provider headquartered in Perth, Australia, with an additional office in Melbourne specialises in digital transformation, delivering solutions for organisational agility, productivity and competitive performance. They provide an end-to-end service with capabilities spanning vertical industries, including resources, utilities, healthcare, education and government.

Charles Russell Speechlys has advised Immedia Group Plc (“Immedia”), the AIM quoted supplier of digital audio content solutions for leading brands and global businesses on its acquisition of the business and certain assets comprising AVC Media (the “AVC Business”), based in Aberdeen from the Administrators of AVC Media Enterprises Limited and AVCME Holdings Limited (together the “AVC Companies”).

Herbert Smith Freehills is delighted to have advised NEXTDC Limited on its A$150 million fully underwritten equity raising.

It consisted of a A$50 million placement to institutional investors at A$4.06 per share and a 1 for 9.1 accelerated non-renounceable pro-rata entitlement offer at A$3.74 per share, announced to the ASX on 6 September 2016.

Ashurst advised DuMont Mediengruppe (DuMont) on the successful conclusion of a syndicated credit facility in a low three-digit million range. The loans, which are made available by a consortium led by UniCredit Luxembourg S.A., may be used to finance general corporate and working capital purposes as well as future acquisitions. The consortium includes Bayerische Landesbank, Commerzbank AG (also documentation agent), Deutsche Bank AG, Kreisparkasse Köln, Sparkasse KölnBonn and UniCredit Bank AG.

The German Federal Court of Justice (BGH) recently confirmed that Munich-based media regulator Bayerische Landeszentrale für neue Medien must fully compensate Orrick client C.A.M.P. TV for the unlawful revocation of its broadcasting license in 2009.

With this ruling, the BGH concurred with not only the Federal Administrative Court’s ruling and the Federal Constitutional Court but also the Federal High Court who ruled on the civil damages proceedings.

Houthoff Buruma advised, together with Davis Polk, Telia Company in connection with the divestment of its 60% interest in Tajik operator Tcell to Aga Khan Fund for Economic Development (AKFED).

Houthoff Buruma team included: Paul de Vries , Sebastiaan van den Berg , Joram van den Berg , Margot Trienen

Davis Polk is advising Telia Company AB on the sale of its 60% ownership interest in the Tajik cell phone operator Tcell to the Aga Khan Fund for Economic Development S.A. The transaction, which is expected to close by the end of the year, is subject to regulatory approvals in Tajikistan. The financial terms of the transaction were not disclosed.