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Technology, Media & Telecoms

Osborne Clarke advises Founders Factory on the launch of its first international location

16 Oct 2018

International legal practice Osborne Clarke has advised Founders Factory on the launch of Founders Factory Africa.

Founders Factory will be bringing its model to Johannesburg to build and scale technology start-ups in sub-Saharan Africa in conjunction with a number of corporate investors. Standard Bank, sub-Saharan Africa’s largest bank, will be the initial and cornerstone investor, and Standard Bank is committed to helping Founders Factory champion local entrepreneurs and to create new jobs and opportunities at scale.

Baker McKenzie successfully represents SAP in supervisory board litigation

15 Oct 2018

Baker McKenzie successfully represented the software company SAP SE in the legal dispute with the trade unions IG Metall and Ver.di regarding the size and composition of the company's supervisory board. In its decision of October 9, 2018, the Higher Labour Court of Baden-Wurttemberg dismissed the complaints lodged by the two unions against the decisions of the Mannheim Labor Court which were announced in the first instance in December 2017. The Higher Labor Court admitted the appeal to the Federal Labor Court.

Baker McKenzie advises Advance Publications on the acquisition of a majority share in esports and games analytics firm Newzoo.

15 Oct 2018

Baker McKenzie advised Advance Publications on the acquisition of a majority share in esports and games analytics firm Newzoo. Newzoo provides clients with forecast models and other marketing intelligence for gaming and esports. They will use the significant capital investment to expand its global presence.

Orrick Advises Digicel Group on Sale of Wireless Tower Portfolio in Jamaica

15 Oct 2018

Orrick represented Digicel Group, the leading Caribbean mobile operator, on its US$90 million sale and leaseback transaction related to 451 mobile telecommunications towers in Jamaica with Phoenix Tower International LLC through its Jamaican subsidiary, Phoenix Tower Jamaica Limited. Our team was led by Dominic O’Brien and included Adeola Adeyemi.

We advised Viria Group in its sale of AB Sappa

15 Oct 2018

We acted as legal adviser of security and IT group Viria when it sold the Swedish TV and broadband operator AB Sappa to investors. The new principal owner of AB Sappa is the Swedish AB Pamica.

According to Viria’s CEO Mika Vihervuori, the sale of Sappa supports Viria’s strategy of focusing on security, data management and software development solutions. Sappa has been a part of Viria since 2015 and will now have a new owner concentrating on its sector. Viria aims to invest the assets from the sale in company acquisitions supporting its strategy.

The Access Group acquires Microdec

15 Oct 2018

Travers Smith LLP has advised The Access Group, one of the UK's leading providers of software to mid-market customers, on its acquisition of Microdec.

Microdec is a software supplier with over 35 years' experience providing CRM software exclusively to the recruitment industry. The acquisition of Microdec, with revenues of over £5.3m, is a testament to Access' commitment to the recruitment industry and demonstrates clear investment in fulfilling its ambitious plans for the future.

CMS advises Wircon on merging operations and maintenance business (O&M) for photovoltaic plants with Enovos

12 Oct 2018

Hamburg – Enovos Renewables O&M GmbH has taken over the O&M activities of Wircon GmbH and acquired all the shares in Wirsol O&M GmbH. At the same time, Wircon GmbH has been given an option to acquire a stake in Enovos Renewables O&M GmbH. The transaction will see Enovos and Wircon working together even more closely in operating and maintaining photovoltaic plants. Their aim is to create the largest manufacturer-independent O&M service provider for photovoltaic facilities in Germany. The parties agreed not to disclose the transaction value.

CMS advises Bechtle AG on acquisition of network specialist BT Stemmer from British Telecom

12 Oct 2018

Stuttgart – German IT group Bechtle has acquired BT Stemmer GmbH, a specialist in networking solutions, unified communications, IT security and managed services. The Munich-based firm had been owned by British Telecom since 2008. The Cisco and NetApp partner will now trade under the Stemmer name as part of the Bechtle Group. The parties agreed not to disclose the purchase price. The transaction is currently awaiting approval from the competition authorities.

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