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Technology, Media & Telecoms

Delphi advisor when Sierra Wireless acquires Wireless Maingate

30 Dec 2014

Delphi together with Blake Cassels & Graydon LLP advisor when Sierra Wireless expands into M2M connectivity services with acquisition of Wireless Maingate.

Wireless Maingate AB is a Sweden-based provider of machine-to-machine (M2M) connectivity and data management services. Sierra Wireless will acquire all the outstanding shares of Wireless Maingate, including those held by Nordic private equity fund Verdane Capital VI.

The transaction is expected to close in February 2015.

Freshfields advises MTN Group on US$750,000,000 bond issuance

23 Dec 2014

Freshfields Bruckhaus Deringer has advised leading emerging market mobile operator, MTN Group, on its US$750,000,000 4.755% guaranteed bond issuance, its first issuance into the international capital markets. The net proceeds of the bond issue will be used by MTN Group for general corporate purposes. The bond matures in 2024.

The Freshfields team was led by partners Stuart Grider and Duncan Kellaway supported by associates Joshua Deutsch, Nick Hayday, Chioma Amobi and Adam Ajlouni.

White & Case Advises DATA4 Group on Landmark Italian Data Centre Deal

22 Dec 2014

White & Case LLP has advised DATA4 Group, the European owner, developer and operator of carrier-neutral, multi-tier data centres, on one of the largest commercial data centre agreements to ever be completed in Italy.

The transaction between DATA4, which is backed by privately-held independent global real estate investment company Colony Capital, and a global IaaS (Infrastructure as a Service) provider is the second data centre on DATA4's Milan campus. It increases the total capacity of that facility to 7.8MW of net IT load.

Dentsu Aegis Network - RCF refinancing

22 Dec 2014

Slaughter and May advised Dentsu Aegis Network, one of the world's leading marketing communications groups, in connection with a £500 million multicurrency revolving credit facility entered into between Dentsu Aegis Network Ltd. and various other members of the Dentsu Aegis Network Group and a syndicate of banks, and guaranteed by Dentsu Aegis Network's parent, Dentsu Inc., for the purpose of refinancing the main revolving credit facility of the Dentsu Aegis Network Group.

Setterwalls assists EVRY ASA in connection with Apax’ NOK 4,3 billion recommended offer for 100 percent of the shares of EVRY

19 Dec 2014

EVRY ASA is a leading IT-company in the Nordic countries with approximately 10,000 employees and approximately NOK 13 billion in annual turnover. EVRY Sweden has approximately 2,500 employees in Sweden and achieves approximately SEK 3,6 billion in annual turnover. Setterwalls has together with the Norwegian law firm Schjödt advised EVRY in a structured sales process, which on 8 December 2014 resulted in a public bid from Apax for all outstanding shares of EVRY. The bid has been recommended by the board of EVRY and values EVRY at approximately NOK 4,3 billion.

Gleiss Lutz advises L-3 Communications on the sale of its Marine Systems International business

19 Dec 2014

Gleiss Lutz has advised the US technology group L-3 Communications on the sale of its Marine Systems International (L-3 MSI) business. The business is being purchased by the Finnish Wärtsilä Corporation, which will be paying 285 million euros. 

The transaction is expected to be closed during the second quarter of 2015 and is still subject to approval by the regulatory authorities. 

Herbert Smith Freehills advises on oOh!media IPO

18 Dec 2014

Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.

oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range  of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand.

Herbert Smith Freehills advises Softbank on US$250 million GrabTaxi investment

18 Dec 2014

Herbert Smith Freehills has advised Japanese telecommunications and Internet corporation SoftBank Corp. on a US$250 million investment in GrabTaxi Holdings Pte Ltd, the largest mobile taxi booking app provider in Southeast Asia.

The deal, which was announced on 4 December 2014, represents SoftBank's largest ever investment in a Southeast Asian internet company. The deal also makes SoftBank the largest investor in GrabTaxi, which offers services in 17 cities across Singapore, Malaysia, Thailand, Indonesia, Vietnam and Philippines.