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Technology, Media & Telecoms

Osborne Clarke advises Hitmeister on its sale to Real

15 Apr 2016

Osborne Clarke has advised Hitmeister GmbH on its sale to Real Group Holding GmbH. The Internet marketplace Hitmeister has a 10 million-strong product range with both new and used goods. In the past year the company generated sales of EUR 43 million.

Real Group Holding GmbH acquires 100 per cent of the shares of the associated company. The acquisition enables Real to further expand its performance and competency in the digital sector. The transaction is subject to approval from the German Federal Cartel Office.

Dechert Represents eCommerce Platform Lazada on Sale to Alibaba

14 Apr 2016

Dechert LLP advised Lazada, the largest eCommerce platform in Southeast Asia, on its agreement with Alibaba Group under which Alibaba will acquire a majority stake in Lazada for a total consideration of more than US$1 billion.

In their joint press release, the companies stated that the transaction will immediately make Alibaba the leading eCommerce service provider in the region by enabling the company to further assist global businesses and local merchants in accessing the Southeast Asian consumer market.

LETT assists TDC in its acquisition of the Cirque Group

14 Apr 2016

TDC A/S, a listed Denmark-based company engaged in providing telecommunications solutions, has acquired Cirque A/S. Cirque A/S is a Denmark-based company that provides cloud-based communication solutions with seamless integration to Office 365. The company has a workforce of 50 employees.

Cirque will be a separate brand within TDC. The transaction is expected to provide Cirque with a strong platform to further accelerate its cloud business.

Bär & Karrer Advises KORE Wireless Group on the Acquisition of Wyless Group Holding

14 Apr 2016

KORE Wireless Group, Inc., the world’s largest managed wireless network services provider specializing in Machine-to-Machine (M2M) communications and the Internet of Things (IoT) with co-headquarters in San Francisco and New York, in an all-cash transaction acquired Wyless Group Holding (Suisse) SA, a Swiss domiciled corporation.

DLA Piper advises Maintel Holdings on Azzurri Communications acquisition

13 Apr 2016

DLA Piper has advised leading systems integrator and managed services provider, Maintel Holdings PLC (Maintel), on the company's proposed, conditional reverse takeover of Azzurri Communications Group (Azzurri), for an enterprise value of £48.5 million.

Azzurri Communications is an established technology and managed communications provider, offering a variety of communication services including telephony, mobile services, document management, workforce optimisation, security, unified communications as a service and managed services.

Eubelius assisted bpost and Proximus with the modification of the articles of association

12 Apr 2016

On 11 May 2016, the shareholders of bpost have approved the amendments to the articles of association, proposed by the board of directors of bpost. Eubelius already assisted Proximus in this process too, which was also successfully completed there on 20 April 2016. Both amendments to the articles of association adapt mainly the articles of association of Proximus and bpost to the thoroughly amended law of 21 March 1991 on the reform of certain economic public companies.

Simpson Thacher Represents Cainiao Smart Logistics Network Limited in Its First Round of External Financing

11 Apr 2016

Simpson Thacher represented Cainiao Smart Logistics Network Limited (“Cainiao”) in connection with its first round of external equity financing through the issuance of new shares of common stock to certain existing investors and new investors including GIC, Temasek, Khazanah and Primavera and other institutional investors.