Allen & Overy LLP has advised Exact Group B.V., Delft, the Netherlands, at the sale of all shares in Exact Software Deutschland GmbH, a provider of payroll solutions, to Sage Software GmbH.
The transaction is conditional upon the approval of the German Federal Cartel Office.
The sale was made in form of an auction which several bidders have participated in.
Clifford Chance has advised BlackBerry Limited, Waterloo, Ontario (Canada), on the acquisition of high-security voice and data encryption specialist Secusmart GmbH, Dusseldorf (Germany).
The transaction is subject to the approval from the competent authorities. The parties have agreed not to disclose the purchase price.
Secusmart is a leading supplier in the development and implementation of comprehensive anti-eavesdropping solutions for German authorities and organisations with security tasks as well as for government and authorities abroad.
DLA Piper has advised long term client Rolta India Limited on a highly successful high-yield bond offering. The Company raised US$300 million in the international capital markets, issuing 8.875% Senior Notes (the "Notes") through its wholly owned subsidiary, Rolta Americas LLC. The offering was oversubscribed by more than eight times with an order book of over US$ 2.4 billion and demand from a high quality international investor base. Asia contributed 47% of the demand, the United States contributed 35% and European investors contributed 18%.
Alliance partners Linklaters and Allens have advised the KDDI Corporation - Sumitomo Corporation consortium on its agreement with Myanmar government agency Myanma Posts & Telecommunications to jointly develop and operate a fixed and mobile phone network in the Republic of the Union of Myanmar.
Hogan Lovells has announced that it advised NextNav LLC (“NextNav”) on its US$70 million Series D funding led by venture capital firms New Enterprise Associates and Oak Investment Partners, along with Columbia Capital, Telcom Ventures, and Goldman Sachs Investment Partners. The deal is 2014’s largest venture capital funding to date for a D.C.-area tech company.
National law firm Shoosmiths has acted for KBC Advanced Technologies plc (KBC) in a multi-million pound acquisition. KBC has purchased FEESA Ltd (FEESA), a leading UK-based provider of specialised software and services to the upstream oil and gas industry, for a value of £11.2 million - a figure which includes one million KBC shares.
Application will be made for the shares to be admitted to trading on AIM, with admission of the shares expected to occur on 28 July 2014.
Allen & Overy has advised 21st Century Fox, Inc on its landmark sale of Sky Italia and its 57.4% stake in Sky Deutschland to BSkyB for a total consideration of USD9.3 billion in cash and assets.
A Bingham team led by partner Andrew Ray represented Oculus VR as it closed its sale to Facebook for approximately $2 billion. Oculus VR is the leader in immersive virtual reality technology and has built strong interest among developers, having received more than 75,000 orders for development kits for its virtual reality headset, the Oculus Rift. Facebook plans to extend Oculus’ existing advantage in gaming to new verticals, including communications, media and entertainment, education, and other areas.
DLA Piper represented TubeMogul, Inc., an enterprise software company for digital branding that provides a video buying platform to advertisers, in its US$43.8 million initial public offering on the Nasdaq Global Select Market.
The DLA Piper team representing TubeMogul was led by partner Peter Astiz, global co-head of the firm’s Technology practice and partner Mike Torosian and included associates Jennifer Gallo, Chris Trester and Jennifer Lee (all of Silicon Valley).
US-listed Monotype Imaging Holdings Inc., located in Massachusetts, has acquired the German-based FontShop Group, including its US subsidiary, FontShop International Inc., based in San Francisco. The most notable part of the transaction is the acquisition of the FontFont typeface library, as well as further typeface families designed by the internationally renowned industry figure and co-founder of FontShop, Erik Spiekermann. The aggregate transaction value is in the double-digit million range.