Simpson Thacher is representing Alibaba Group Holding Limited (“Alibaba”) and Ant Financial Services Group (“Ant Financial”) in connection with their investments of US$900 million and US$350 million, respectively, in Ele.me, a top online food delivery company in China with a base of 50 million users in 300 Chinese cities. As part of these investments, Ele.me will assume operation of the online food delivery service business of Koubei.com, an O2O e-commerce joint venture between Alibaba and Ant Financial.

McDermott Will & Emery advised B Futura, a platform for infrastructure development of the Italian football league, as well as the Cagliari Football Club in connection with the project financing of a new EUR 55m football arena of Cagliari.

Shearman & Sterling is advising the Finnish technology group Nokia in connection with the contemplated acquisition of Withings, a French pioneer and leader in the connected health revolution.
 
Withings was co-founded by Eric Carreel and Cedric Hutchings in 2008 and is headquartered in France, with approximately 200 employees across its locations in Paris, France, Cambridge, US and Hong Kong. Withings’ portfolio includes activity trackers, weighing scales, thermometers, blood pressure monitors, home and baby monitors.
 

Noerr LLP has successfully represented TLI Communications, a subsidiary of the U.S. patent monetization company Marathon, in two patent proceedings before the Munich Regional Court. The Court has ruled that the services “Flickr” and “Pinterest” as well as the associated apps for smartphones and tablet computers infringe patent EP 814 611 B1. Based on this judgment, Yahoo! and Pinterest Germany are forced to discontinue these services, refrain from selling the apps and are liable for damages.

Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited (‘Samsung’) on the listing of the first crude oil exchange traded fund (‘ETF’) ever in Hong Kong. The S&P GSCI Crude Oil ER Futures ETF will commence trading on The Stock Exchange of Hong Kong Limited on 29 April 2016.

Eversheds Saladzius advised Iron Mountain on the Acquisition of AB Archyvu centras from its founders. US storage and information management company Iron Mountain has acquired Archyvu Centras, a holding company providing business archiving and records management services through its subsidiaries in the Baltic countries.

The new shareholder will own all companies in the Baltic countries: Lithuania’s Archyvu Sistemos and Confidento, Latvia’s Arhivu Serviss and a branch of Archyvu Sistemos in Estonia.

Osborne Clarke has advised 42reports GmbH on its takeover by DILAX Intelcom GmbH. The Berlin-based start-up 42reports provides analysis for stationary retail. The company’s tracking technology enables the collection of solid, statistical data as well as individual anonymized information.

19 April 2016 (Eastern Standard Time), King & Wood Mallesons has advised Apex Technology Co., Ltd. (Apex, SZSE: 002180) on successfully signing a definitive merger agreement with 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 with a price of US$40.50 per share on an enterprise value of approximately US$4 billion.

Siemens and Valeo have signed an agreement to form a joint venture in high voltage powertrains. With this move the companies create a global leader of innovative and
affordable high-voltage components and systems for the entire range of electric vehicles including hybrids, plug-in hybrids and full electric vehicles. Siemens and Valeo will each hold a 50% stake in the joint venture and have joint control.

Olswang has advised WME | IMG, the global leader in entertainment, sports and fashion, on its new strategic partnership with Frieze, a prestigious London-based arts media and events company.