International law firm CMS has advised Advance/Newhouse Partnership (“Advance”), a diversified, family-owned company that operates and invests in a broad range of media, communications and technology businesses, on its agreement to purchase 100% of the shares of Stage Entertainment from CVC Capital Partners and Joop van den Ende.
DLA Piper has advised German internet service provider 1 & 1 Internet SE, a subsidiary of the United Internet Group, on its acquisition of Austrian web hoster, World4You. 1 & 1 Internet SE acquired the total shares in World4You, and the company will be managed independently, with founder Johannes Kührer remaining on board as Managing Director.
Osborne Clarke has advised Blickfeld GmbH on its $10 million financing rounds. Fluxunit, the high-tech foundation fund, Tengelmann Ventures and Unternehmertum Venture Capital Partners have invested 10 million dollars in the lidar start-up.
Blickfeld plan to use the investment to produce its first series of products and further strengthen its team. The 4.3 million to 10 million dollar increase in the seed financing round, which was completed a few months ago, is expected to accelerate the rapid growth of the company.
Cleary Gottlieb represented Deezer in connection with its share capital increase of €160 million subscribed by existing shareholders, Access Industries, Orange, and LBO France, and two new investors, Kingdom Holding Company and Rotana, led by Chairman HRH Prince Al Waleed Bin Talal Abdulaziz Al Salud.
The transaction values Deezer at €1 billion. New funding will be used to accelerate Deezer’s successful expansion.
A team led by Boris Dürr advised CANCOM SE on the acquisition of The Organised Group Ltd, parent company of UK-based IT solution provider OCSL. The total volume of the transaction is about EUR 32 million, of which some EUR 29 million will be paid in cash. For the remainder, OCSL executives who will continue to work for the company will receive 12.5% of the shares in the acquiring UK subsidiary of CANCOM SE. Heuking Kühn Lüer Wojtek advised on the transaction jointly with UK-based law firm Stevens & Bolton LLP.
The corporate team at the Manchester office of leading national law firm Shoosmiths has advised on the strategic acquisition of an innovative digital payments solutions provider based in the North West.
The public markets deal, a second in as many months for the team, involves AIM-listed ThinkSmart Limited, an Australia-headquartered company with 100 staff based in Old Trafford, Manchester, selling 90% of its shareholding in its subsidiary company ClearPay Finance.
Shoosmiths has advised on the sale of specialist IT-provider Taylor Made Computer Solutions (TMCS) to Peach Technologies, creating one of the UK's biggest IT managed providers as a result.
Hampshire based TMCS and Peach Technologies will combine their circa 200 employees, 1,000-strong customer base and £20m sales.
Together, they will provide an enhanced product portfolio while offering a single point of contact for IT, telephony and communication services.
Perth, 24 August 2018: Clayton Utz is advising Squadron Resources Pty Ltd, a resources-focused investment entity associated with Andrew Forrest, in connection with ASX-listed Poseidon Nickel Ltd's placement and fully underwritten entitlement offer to raise approximately $75 million. The transaction was announced to the market today.
Clayton Utz corporate partner Mark Paganin and special counsel Stephen Neale are leading the firm's team, with key support from lawyer Benjamin Depiazzi.
Global law firm Norton Rose Fulbright has acted for AirTrunk, a specialist in hyperscale data centres, on the successful completion of an AU$850 million financing process to fund a major expansion of its Australian data centres in Sydney and Melbourne, and across key Asia-Pacific markets. The financing will be the largest by a data centre company in Australia to date.
Grant Samuel acted as financial adviser to AirTrunk in relation to the transaction.
Watson Farley & Williams (“WFW”) advised Danaos Corporation (“Danaos”), a leading international owner of container ships, on the comprehensive restructuring and refinancing of its US$2.2bn debt maturing 31 December 2018 with certain of its lenders including Citibank, Credit Suisse, HSH Nordbank and RBS.