On December 16, 2015, Shaw Communications Inc. (Shaw) (TSX:SJR.B) (NYSE:SJR) announced its agreement to acquire a 100% interest in Mid-Bowline Group Corp. and its wholly-owned subsidiary, WIND Mobile Corp. (WIND) by way of plan of arrangement for an enterprise value of approximately CA$1.6 billion.
Davis Polk is advising TeliaSonera AB on the sale of its 60.4% ownership interest in the Nepalese cell phone operator Ncell to Axiata Group Berhad for $1.03 billion on a cash free and debt free basis. TeliaSonera will also dispose of its economic interest in a 20% local ownership interest in Ncell for a consideration of $48 million. The two dispositions are cross-conditional. The transaction, which is expected to close in the first half of 2016, is subject to approval by Axiata’s shareholders, regulatory approvals and other closing conditions.
Osborne Clarke has advised Allgeier SE on the management buyout (MBO) together with AE BG Rho Holding GmbH. As part of the MBO, Allgeier SE sells the Austrian terna Holding GmbH together with its subsidiaries terna GmbH and terna Switzerland AG.
Allgeier is one of the leading IT service providers for business performance. The listed company works for global companies and medium-sized enterprises in a wide variety of sectors in Europe, India, Mexico and the US. The Allgeier group offers complete services from design to implementation and operation of IT systems.
King & Wood Mallesons advised Shanghai Eastday Network Co., Ltd., (Eastday Network) on its successful listing on the National Equities Exchange and Quotations, also known as New Third Board, a securities exchange for small and medium-sized entities (Stock Code: 834678), making it a significant listing by business scale and asset as a news website enterprise listed on the New Third Board.
Kirkland & Ellis is advising a buyer group consisting of Mr. Dong Yu, the founder of Bona Film Group Limited (NASDAQ: BONA), a leading film distributor and vertically integrated film company in China and certain other entities including affiliates of Sequoia, Fosun, SAIF, Alibaba Pictures Group Limited and Tencent, in connection with their acquisition of Bona at an implied enterprise value of approximately US$1 billion, based on Bona’s total shares issued and outstanding on a fully diluted basis. The merger agreement was announced on December 15, 2015.
Clear Channel International B.V., an indirect wholly-owned subsidiary of Clear Channel Outdoor Holdings, Inc. (NYSE: CCO), issued USD 225 million 8.75% Senior Notes due 2020. The Notes are guaranteed by certain subsidiaries of the issuer and were offered only to "qualified institutional buyers" in reliance on the exemption pursuant to Rule 144A and to persons outside of the United States in compliance with Regulation S under the Securities Act of 1933.
Charles Russell Speechlys has acted for valued clients OLM Group Limited on the sale of Peppermint Technologies Limited to Peppermint Technology Holdings Limited, a newly formed company funded by leading venture capital firm, Scottish Equity Partners.
Peppermint's focus is to provide a Legal Service Platform which draws upon one database and combines all the different legal software applications required by a law firm.
LONDON/NEW YORK, 22 December, 2015 - Milbank, Tweed, Hadley & McCloy LLP has advised O3b Networks on the implementation of a revised financial structure (including a new US$184 million COFACE covered facility, a US$31 million term facility and US$143 million of new equity financing) to facilitate the procurement of a further eight satellites and the launch of four of those satellites.
Linklaters advises Recruit Holdings on its $1.55bn all shares tender offer for USG People, the listed Dutch HR services company.
Olswang has advised CityFibre Infrastructure Holdings plc, a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, on the transformational acquisition of certain national infrastructure assets from KCOM Group plc, a leading provider of communications solutions to both consumer and business markets across the UK. CityFibre will pay £90 million for the assets.