Allen & Overy has advised Hewlett-Packard Corporation (HP) on the establishment of a new strategic joint venture with Tsinghua Holdings for its converged infrastructure business in China with the sale of a 51% stake in the new H3C for USD2.3bn.
Upon completion, the new H3C will be the exclusive provider for HP's server, storage and networking portfolio as well as HP's exclusive hardware support services in China.
Stuttgart-based R + M Graphik GmbH, was merged with Konica Minolta Business Solutions Deutschland, Hanover. Heuking Kühn Lüer Wojtek advised Konica Minolta on the subsidiary's restructuring and merger under corporate and employment law with a team led by Hamburg-based partner Jörg Schewe. The firm also advised on the notarization of the merger agreement and on the merger resolutions.
Allen & Overy has advised Bharti Airtel Limited on its issue of USD1 billion notes under Rule 144A/Regulation S.
The Allen & Overy team had previous advised Bharti Airtel International (Netherlands) B.V. (BAIN), as issuer, and Bharti Airtel Limited, as guarantor, on all of BAIN’s previous bond offerings, and most recently on the approximately US$2 billion offering of notes under Rule 144A/Regulation S in 2014 (this involved simultaneous offerings of US$1 billion and EUR750 million).
Slaughter and May is advising Colt Group S.A. (Colt) on a takeover offer by an entity owned by FMR LLC and FIL Limited (Fidelity). Fidelity owns 62.4% of Colt's issued share capital, and is seeking to acquire the shares in Colt not currently owned by it.
Under the terms of the offer, Colt shareholders will be entitled to receive 190 pence in cash for each Colt share held. The cash offer values the entire issued share capital of Colt at approximately £1,720.3 million.
CONTACTS
Noerr has advised the Hamburg-based internet company Jimdo concerning the investment by the U.S. venture capital specialist Spectrum Equity Fund. In its first investment in the German market Spectrum is investing EUR 25 million. Jimdo is valued at EUR 100 million.
Osborne Clarke has advised Chris Evans and his company, Zimple Limited, in relation to his appointment as lead presenter and producer of the BBC's hugely successful Top Gear programme. OC worked with Zimple on this project in conjunction with the BBC's in-house legal team.
The Zimple Group also acted as the producer on the live 20th anniversary episode of TFI Friday (which was broadcast last week) alongside Monkey Kingdom and Olga TV.
Berwin Leighton Paisner (BLP) has advised new client Adgorithms on its US$125m initial public offering (IPO) on AIM which completed today.
Adgorithms, whose operations are based in Israel, has developed artificial intelligence based algorithmic technology which it is deploying in the high growth online advertising market.
The transaction is being led by Corporate Finance Partners Murdoch Currie and Alex Latner, assisted by Matt Oliver and Tom White.
King & Wood Mallesons advised Syntegra and the other (CIC Mezzanine and PO Mezzanine) on the sale of Questel to its management, supported by the funds of Raise and Capzanine.
Questel Development, holding company of the Questel group, provides a comprehensive suite of web-based services for productivity and collaboration dedicated to intellectual property. The company employs 120 people worldwide and generates a turnover of approximately €22 million.
DVMB advised LCI and TF1 in their appeal against the French audiovisual authority’s (CSA) decision refusing to authorize LCI from switching from Pay-TV to Free-to-Air. LCI obtained the annulment of the CSA’s decision by the Conseil d’Etat, the highest French administrative court. The DVMB team included of Didier Théophile, Guillaume Aubron and Marie Lucas. Vogel & Vogel, as well as Francois-Henri Briard also advised LCI and TF1.
King & Wood Mallesons advised the sellers on the secondary LBO of Exclusive Networks. Owned by Omnes Capital for nearly five years, the French group renews with Cobepa Belgian capital funds.
Exclusive Networks is the leading independent European value-added distributor (VAD) specialising in the marketing of security, storage and networking solutions for businesses.
The multi-jurisdictional KWM team was composed of: