Temenos Group AG, the market leading provider of mission-critical software for financial institutions globally acquired IGEFI Group s.à.r.l. (trading as Multifonds), a Summit Partners portfolio company. The consideration for the acquisition is EUR 235 million to be funded through cash and debt.
Homburger advised Temenos Group AG in Swiss legal aspects of the acquisition and, in particular, its financing.
Infinera Corporation has announced a recommended public offer to the shareholders of Transmode AB to tender all their shares in Transmode to Infinera. The total offer consideration consists of a mixture of cash and shares of common stock in Infinera, and the total offer value corresponds to approximately SEK 3,020 million (approximately USD 350 million).
In a decision dated 9 April 2015, the Paris Administrative Court (Tribunal administratif de Paris) cancelled the tender for the awarding of the public procurement contract for the management of newspaper kiosks in Paris. The judge considered that the City of Paris, which initiated this tender, had not complied with tendering competitive rules by using a competitive dialogue procedure and ruling out the Extérion Média and Derichebourg consortium.
KOMBIT, the joint IT partnership of the Danish municipalities, has sold three properties to PensionDanmark, Denmark’s largest labour market pension fund, for DKK 1.2 billion.
The three properties are of high quality and are located in Ballerup, Odense and Aalborg. The properties have a total gross floor area of more than 88,000 square metres. The IT company KMD is leasing the properties and will continue to do so after the transaction.
DLA Piper represented Autodesk, a 3D design software firm, in the negotiation of a 70,000-square-foot lease, with the option to occupy an additional 50,000 square feet, in the Innovation and Design Building in Boston’s Seaport District.
The new office will span three floors and also be the site of the new “Building Innovation Learning & Design” space, which brings together students, entrepreneurs and researchers to explore new tools.
International legal practice Osborne Clarke has advised Eltel Group Corporation on the purchase of Edi.Son Energietechnik GmbH. Eltel is a leading European provider of technical services for critical infrastructure networks (Infranet), with a strong presence in the Nordic and Baltic regions, Poland and the United Kingdom.
The acquisition of Eltel will further strengthen the sectors of energy transfer and energy distribution in Germany. The acquisition is as yet subject to merger control clearance.
Zhuhai Tianyue Science & Technology Co., Ltd. (“Tianyue Technology”, stock code: 832116) was recently granted approval for a listing at the National Equities Exchange and Quotations (“NEEQ”) system.
Capital markets attorneys Rong Weiwei, Tang Yunyun and apprentice attorney Feng Lun from Dacheng’s Guangzhou office advised Tianyue Technology on the listing.
Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in Association with Baker & McKenzie have advised Saudi Company for Hardware (SACO) on its Initial Public Offering (IPO).
Approved by the Saudi Capital Market Authority on 31 March 2015, the sale of 7.2 million shares representing 30% of SACO's share capital.
Operating across 12 cities in Saudi Arabia, hardware retailing and wholesaling giant SACO was founded in 1984 and has 23 retail outlets.
DLA Piper represented Datapipe, Inc., a provider of hybrid IT solutions for the enterprise, in its acquisition of GoGrid, a cloud infrastructure service.
The acquisition is the latest for Datapipe, which continues to expand in the security, integration and management of multiple cloud platforms.
Taylor Wessing has acted for Access Technology Group, a leading author of fully integrated business management software, on its acquisition of Changeworknow, the leading provider of cloud-based HR applicant tracking and talent engagement solutions.
Access will be offering Changeworknow as both a standalone solution and as an integrated platform within its popular HR solution, SelectHR. As part of an integrated solution, Changeworknow will be offered as a premium recruitment module for customers who are looking for a best-of-breed applicant tracking system.