Noerr has been advising the German online auction house Auctionata on its merger with US competitor Paddle8. The merger creates the global market leader in the online auction market for fine art, collectibles and vintage luxury items and one of the world’s ten largest auction houses outside China.
International technology, media and telecoms law firm Olswang has advised global content production company FremantleMedia in connection with its investment in Dancing Ledge Productions, a production company established by award-winning drama producer Laurence Bowen and which will primarily focus on scripted programmes.
Orrick advised StudioCanal in the acquisition of Paddington and Company Limited, which owns all intellectual property rights apart from publishing rights to Michael Bond’s classic children’s character Paddington Bear.
We advised Anvia Oyj in its divestment of Anvia Telecom Oy, Anvia IT-Palvelut Oy, Anvia Hosting Oy, Anvia TV Oy and Watson Nordic Oy to Elisa Oyj. The overall value of the deal was EUR 107 million.
Elisa Oyj, a listed Finland-based company headquartered in Helsinki, is an integrated telecoms provider, offering wireless voice, data and internet services, e-mail and e-business services. Anvia Oyj, a Finland-based company headquartered in Vaasa, is a provider of communication, IT, entertainment and security solutions.
The interest to subscribe for shares in the company was significant, both through the standard application process as well as for the “first-come first-serve” application procedure, and the Offering was over-subscribed several times. The price in the offering was set at SEK 33 per share, corresponding to a valuation of the Company of SEK 3,485 million.
Herbert Smith Freehills has recently advised Orange on the sale of FIME, a world leader in certification consultancy and testing for secure transactions, to Chequers Capital.
FIME has seven locations globally (Canada, Europe, USA, India, Korea, Taiwan and Japan) and around 400 employees.
Esin Attorney Partnership, a member firm of Baker & McKenzie International, a Swiss verein, advised Clear Channel Ireland Limited (Clear Channel) on the sale of its Turkish assets, Clear Channel Tanitim ve iletisim A.S. and Mars Reklam Produksiyon A.S., to Turkish investor Umut senol. Clear Channel has been one of Turkey's premiere outdoor advertising companies for more than a decade, prominently featured throughout Istanbul's ic transport system and largest retail centers.
GvW Graf von Westphalen has advised Red Gate Software Ltd. on its acquisition of Berlin based 3T Software Labs GmbH. GvW Graf von Westphalen advised on all aspects of German law and worked together with the English law firm of Mills & Reeve LLP.
Red Gate with its headquarters in Cambridge (UK) develops software used by 650,000 IT professionals who work with SQL Server, Azure, .Net, and Oracle. More than 100,000 companies, including 91% of companies in the Fortune 100, use Red Gate products.
Com Hem and Teracom Boxer Group AB have entered into an agreement regarding Teracom Boxer Group AB’s divestment of its Swedish pay TV business – Boxer TV-Access AB (“Boxer Sweden”).
Boxer Sweden is the pay TV provider within the digital terrestrial television network and has more than 500,000 subscribers. The divesture includes Boxer Sweden’s entire business, including customer base and trademark. The price amounts to SEK 1,550 million, including Boxer Sweden’s net cash.
Simpson Thacher recently represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with the monetization by SoftBank Group Corp. (“SBG”) of a portion of the shares of Alibaba Group held by SB China Holdings Pte. Ltd., a wholly owned subsidiary of SBG. These transactions included an approximately $6.6 billion offering by a trust established by SBG of Mandatory Exchangeable Trust Securities which are exchangeable into American Depositary Shares of Alibaba Group to qualified institutional buyers pursuant to Rule 144A under the U.S.