A team from Bird & Bird has successfully represented the bankruptcy estate of the Gothenburg-based high-tech company Prosolvia in a landmark dispute against the company's former auditor, PricewaterhouseCoopers (PwC).
Leading international law firm, Freshfields Bruckhaus Deringer has advised DMGT on the proposal made by RCL for the ordinary voting shares of DMGT not already owned by RCL, to be effected by means of a scheme of arrangement.
If effected, the scheme would result in the holding by RCL of all of the ordinary voting shares of DMGT and in the other current ordinary voting shareholders holding instead 'A' ordinary non-voting shares of DMGT, at the ratio of 112.5 'A' ordinary non-voting shares for every 100 ordinary voting shares.
RTL Group, the leading European entertainment network, and CBS Studios International, the leading supplier of programming to the international television marketplace, have announced plans for a partnership to launch two thematic channels in the fast-growing South East Asian markets. Dechert partner Graham Defries and senior associate James Stonehill represented CBS in this matter. Edward Lemanowicz provided tax advice.
Shearman & Sterling advised STMicroelectronics N.V. (ST) and certain of its subsidiaries in its sale to NVIDIA Corporation of substantially all of the assets of ST’s subsidiary, The Portland Group, Inc., and certain related assets held by other ST subsidiaries. The transaction closed on July 29, and financial terms of the transaction were not disclosed.
ST is a global leader in the semiconductor market, serving customers across the spectrum of sense and power and automotive products and embedded processing solutions.
The Firm represented BofA Merrill Lynch and Morgan Stanley as representatives of the several underwriters in connection with CA, Inc.’s $250 million public offering of its 2.875% Senior Notes due 2018 and $250 million public offering of its 4.500% Senior Notes due 2018.
CA, Inc. is a leading provider of enterprise information technology (IT) management software and solutions that help customers manage and secure complex IT environments.
Travers Smith private equity partner Paul Dolman has advised on the acquisition by Finn Bidco Limited (backed by Lyceum Capital Partners LLP) on the acquisition of Isotrak Limited, a vehicle tracking and fleet management software provider, from Saints Chamonix Private Equity.
Investing alongside the existing management team, Lyceum Capital has taken a majority share in the business, which recently won contracts with a number of leading retailers in North America to add to its blue chip UK customer base.
Slaughter and May is advising Rothermere Continuation Limited ('RCL') on a recommended scheme for the reorganisation of the share capital of Daily Mail and General Trust plc ('DMGT'), to acquire the remaining ordinary voting shares of DMGT that it does not currently own.
With the consent of the Takeover Panel, the scheme will not be made available in respect of the 'A' ordinary non-voting shares of DMGT.
The Firm is representing Sirius XM Radio Inc. (“SiriusXM”) in connection with its $530 million acquisition of the connected vehicle services unit of Agero, Inc. (“Agero”). The connected vehicle unit of Agero is the leading provider of innovative telematics services, offering safety, security and convenience services for drivers and end-to-end, turnkey solutions for automakers. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2013.
On August 15, 2013, IBM announced it has entered into a definitive agreement to acquire Trusteer, a privately held company with locations in Boston, Massachusetts, and Tel Aviv, Israel. Cravath represented IBM in connection with this transaction, which is subject to customary closing conditions and is expected to close in the third quarter of 2013. Trusteer is a leading provider of advanced security and threat-intelligence solutions that help protect organizations against financial fraud, malware and data breaches.
International law firm Olswang has advised Allenby Capital Limited, nominated adviser to RapidCloud International Plc, on the admission of RapidCloud's shares to trading on AIM at a market capitalisation of £10 million. The float was conducted for the purpose of raising £1 million for expansion of RapidCloud International Plc into Indonesia. The shares opened at 54p and closed up some 30% at the end of the first day of trading at 69.5p