International technology, media and telecoms law firm Olswang has advised long-standing client ITV on its acquisition of Big Talk, the producer of multi award-winning series Rev for the BBC, Channel 4's Friday Night Dinner and ITV's recent sit-com The Job lot, as well as films including Shaun of the Dead, Hot Fuzz and The World's End.
Jones Day 's New York Office provided labor and employee benefits advice to The Newsweek/Daily Beast Company LLC with respect to its sale of Newsweek to IBT Media, including negotiations with the Newspaper Guild regarding the effects of the sale.
For additional information about this matter, please contact: Willis J. Goldsmith, Jessica Kastin
Client(s): Newsweek/Daily Beast Company LLC, The
Practice(s): Labor & Employment, Employee Benefits & Executive Compensation
Office(s): New York
CPI Group, the number one monochromic book printer in Europe, announced on August 1st, 2013 its acquisition by a consortium of investors led by the Impala Group together with Bpifrance. The transaction was accompanied by a restructuring of CPI Group’s financial indebtedness, which reduced the company’s debt to €15m.
Jones Day advised Madison Capital Funding LLC in connection with the $80 million senior secured financing for Bendon Publishing International, a publisher of children's books.
For additional information about this matter, please contact: Lisa S. Lathrop, Matthew D. O'Meara
Client(s): Madison Capital Funding LLC
Practice(s): Banking & Finance
Office(s): Chicago, Cleveland
Cravath represented International Business Machines Corporation in connection with its US$2.15 billion registered debt offering of fixed and floating rate notes. The transaction closed on August 1, 2013.
The Cravath team included partner Marc S. Rosenberg, senior attorney G. Douglas Johnson and associate Edward J. Reed.
Intuit, Inc. has sold its Financial Services division, or IFS, to Thoma Bravo, a leading middle-market private equity firm, in a transaction valued at $1.025 billion. The sale allows Intuit to focus on its flagship products and services that provide business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals and reestablishes the IFS division as a stand-alone company.
International law firm Freshfields Bruckhaus Deringer has advised British engineer Invensys on a recommended offer by France’s Schneider Electric to acquire the entire issued and to be issued ordinary share capital of Invensys.
The offer is to be effected by means of a scheme of arrangement and is subject to shareholder approval. It is intended to help boost the integrated company's position as a global leader in software provision.
The Firm recently represented Dentsu Inc. in connection with its offering of 35 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥121,886 million.
The international offering was led by Nomura International plc and Morgan Stanley & Co. International plc.
Dentsu Inc. is the largest advertising company in Japan and, as an agency brand, is the largest agency network in the world based on revenue.
Simpson Thacher represented Sirius XM Radio Inc. (“SiriusXM”) in connection with its offering of $600 million aggregate principal amount of 5.75% Senior Notes due 2021 in reliance on Rule 144A and Regulation S. SiriusXM intends to use the net proceeds of this offering, together with cash on hand, to redeem its outstanding 8.75% Senior Notes due 2015.
Norton Rose Fulbright's tax team helped facilitate a $985 million sale transaction by the Allbritton family (Allbritton) to Sinclair Broadcast Group (Sinclair).
In the deal, Allbritton agreed to sell the stock of its holding company, Perpetual Corporation, as well as its equity interest of ABC-affiliate station Charleston Television, LLC.
Overall, the transaction includes eight television stations in along the US East Coast and Southern regions, most notably Washington DC's WJLA-TV.