Noerr advised CLIQ Digital AG on two combined capital measures, firstly, a rights offering regarding new shares from a capital increase against cash contribution and secondly, the issuance of a convertible bond with subscription rights of the shareholders. The new shares and the convertible bond will be offered to the public in Germany and Luxembourg. The Noerr team was led by partners Dr. Stephan Schulz and Dr. Holger Alfes.

WilmerHale client Progress Software Corporation has entered into a definitive agreement to acquire privately held Telerik AD, a leading provider of application development tools, for $262.5 million. Telerik enables its 1.4 million strong developer community to create compelling user experiences across cloud, web, mobile and desktop applications. Telerik's revenue for the last twelve months was more than $60 million, with annual bookings growth of more than 20%.

A Travers Smith team led by the head of the private equity group Paul Dolman and senior associate Adam Orr, has advised management on the sale of the Gorkana Group. Gorkana is a leading media information provider offering PR and marketing professionals access to customised media intelligence. Cision has bought the top U.K.-based media intelligence and data insights service provider, through its parent, Discovery Group Holdings Limited.

Hogan Lovells advised EuropaCorp, the French mini-major co-founded by Luc Besson, on its US$600 million credit facilities.

EuropaCorp announced it has arranged for US$600 million in financing, in large part to support plans for a larger slate of English-language movies. The new lines of credit include a US$400 million senior line of credit with a US$150 million accordion to allow for future expansion and a US$50 million second lien credit facility.  At closing, the facilities triple EuropaCorp’s financing ability.

Paul, Weiss client CDK Global, Inc., formerly the Dealer Services business of Automatic Data Processing, Inc., closed a $750 million offering of senior notes, lead managed by J.P. Morgan, Morgan Stanley, BofA Merrill Lynch and Citigroup. The offering consisted of $250 million of 3.30% senior notes due 2019 and $500 million of 4.50% senior notes due 2024. The net proceeds from the offering of the notes were used to repay outstanding borrowings under CDK Global's bridge loan facility, which was drawn at the time of its separation from ADP.

King & Wood Mallesons has advised Fiducia & GAD IT AG (Fiducia & GAD) on the sale of shares in ELAXY Group to CREALOGIX Group. CREALOGIX acquired shares of two subsidiaries of Fiducia & GAD as part of a long-term cooperation.

From 1 January 2016, 80 percent of shares in ELAXY Financial Software and Solutions and 20 percent of shares in ELAXY Business Solutions and Services, will go over to CREALOGIX. Aside from this share transfer, the parties agreed on a long-term cooperation.

Reed Smith has advised Videoplaza on its acquisition by video streaming company Ooyala. Videoplaza operates one of the world’s largest premium video ad serving platforms, working for half of Europe’s broadcasters and several tier-one media owners in the Asia-Pacific region.

The cross-border Reed Smith team included: partner Michael Young and associate Andrew Clark in London; partner Yvan-Claude Pierre in New York; and partner Brian Miner in Philadelphia.

Michael Young, Reed Smith corporate partner, commented:

Davis Polk advised IHS Inc. and certain of its subsidiaries in connection with a $1.3 billion unsecured revolving credit facility and $700 million unsecured term loan credit facility with Bank of America, N.A. as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent. The facilities will be used for general corporate purposes.

Eversheds has advised its long-standing client, AIM-quoted Daisy Group plc, a leading provider of IT services and unified communications to businesses, on a £494m buyout by a consortium of Matthew Riley (Daisy’s chief executive), Toscafund and Penta Capital. Mr Riley received advice from a separate Eversheds team on the terms of his equity investment.

An Eversheds team led by Danny Hall and Stephen Nash acted for Daisy and a separate Eversheds team led by Keith Froud and Mark Beardmore acted for Matthew Riley on his equity investment in the bidding vehicle.

Weil is advising GLOBALFOUNDRIES in its agreement to acquire IBM’s global commercial semiconductor technology business, including intellectual property and technologists and technologies related to IBM Microelectronics. Following completion, GLOBALFOUNDRIES will also receive $1.5 billion cash over three years from IBM and will become IBM’s exclusive server processor semiconductor technology provider for 22nm, 14nm and 10nm semiconductors for the next 10 years.