Davis Polk advised Telefónica, S.A. in connection with an SEC-registered underwritten rights offering of 281,213,184 ordinary shares. The offering raised gross proceeds of approximately €3.0 billion. Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A., CaixaBank, S.A., J.P. Morgan Securities plc., Morgan Stanley & Co. International plc. and UBS Limited were the joint global coordinators of the offering.
DLA Piper has advised ProSiebenSat.1 Media AG on the acquisition of a majority holding in Sonoma Internet GmbH (Amorelie).
Sonoma Internet GmbH headquartered in Berlin operates an online lifestyle shop selling stylish designer products .
Iron Mountain Inc., has reached agreement in principle to acquire Recall Holdings Ltd by way of a recommended scheme of arrangement through a scrip offer that values Recall at around A$2.6 billion (US$2.1 billion).
Minter Ellison acted as Australian legal counsel to Iron Mountain, with Weil, Gotshal & Manges LLP acting as US legal counsel.
Travers Smith LLP has advised its long-standing client Pinewood Group plc on a fund raise of £30 million through a placing of new ordinary shares with institutional and other investors, which completed on 17 April 2015. In addition, Pinewood has agreed new bank facilities of up to £135 million with Lloyds Bank plc, The Royal Bank of Scotland plc, HSBC Bank plc and Barclays Bank plc.
The holding companies of the Orange group Matterhorn Telecom S.A. and Matterhorn Telecom Holding S.A. have successfully placed CHF 450,000,000 3.625% Fixed Rate Senior Secured Notes, € 1,000,000,000 3.875 % Fixed Rate Senior Secured Notes, € 265,000,000 Floating Rate Senior Secured Notes and € 250,000,000 4.875 % Senior Notes. The Senior Secured Notes will mature in 2022 and the Senior Notes will mature in 2023. Credit Suisse acted as Global Coordinator and as Joint Bookrunner together with J.P.
Shearman & Sterling advised Orange Switzerland, a subsidiary of Matterhorn Telecom S.A. (the “Senior Secured Notes Issuer”) and Matterhorn Telecom Holding S.A. (the “Senior Notes Issuer” and, together with the Senior Secured Notes Issuer, the “Issuers”), on the combined offering by the Issuers of CHF 2,016.5 million (equivalent) aggregate principal amount of Senior Secured Notes due 2022 and Senior Notes due 2023. The offering, which was conducted pursuant to Rule 144A and Regulation S under the US Securities Act, closed on April 23, 2015.
Herbert Smith Freehills has advised US-listed ARRIS Group, Inc. a global innovator in IP, video and broadband technology, on its £1.4 billion takeover of Pace plc, a UK-based leading technology solutions provider in the PayTV and broadband service industries.
The deal will result in a new holding company for the combined group, which will be incorporated in the UK and listed on the NASDAQ stock exchange. The combined group is expected to have 2014 pro forma revenues of approximately US$8 billion and will employ more than 8,500 people globally in over 15 countries.
Travers Smith LLP has advised long-standing client Pace, the UK provider of broadband and pay TV technology, on its combination with Arris, a US-based broadband media technology company. The US $2.1billion (£1.4 billion) transaction will be effected through a scheme of arrangement. The new holding company of the enlarged group will be listed on the NASDAQ stock exchange. Pace shareholders will receive cash and stock in the new holding company, which is incorporated in England and Wales. The transaction is subject to a number of conditions and is expected to close in late 2015.
Wragge Lawrence Graham & Co's Tech sector team has helped new client, Breezie, to secure a strategic investment from the Ziegler Link•Age Longevity Fund.
Wragge Lawrence Graham & Co's Tech team has helped new client, Breezie, to secure a strategic investment from the Ziegler Link•Age Longevity Fund.
Breezie, a software and services platform, is pioneering the use of modern touch screen devices, smart analytics and accessibility to radically simplify the online experience for digitally isolated seniors.
Houthoff Buruma advised Media-Saturn-Group, Europe’s number one consumer electronics retailer, on the acquisition of a majority stake in Dutch flash sales and live shopping platform iBOOD.com.
Houthoff Buruma team included: Jan-Paul van der Hoek, Peter Werdmuller, Guillette van Grinsven, Ageeth Panman, Gerrit Oosterhuis, Lonneke Schallenberg, Maarten Minnaard, Yvo van Bijsterveld, Anne Alkemade.