We have acted as legal advisor for Tietokeskus when it acquired two IT companies in Pirkanmaa, Finland: Tamico Oy and Suomen IT-Infra Oy. Following the acquisition, over 50 professionals will transfer to Tietokeskus. The combined turnover of Tamico and Suomen IT-Infra was EUR 7.1 million in 2017.
London — Mayer Brown's Private Equity team has advised MetaPack Ltd, the UK-based e-commerce delivery platform, on its £175 million sale to Stamps.com, a leading provider of postage online and shipping software solutions.
Willkie Advised Diligent in the transaction.
Diligent Corporation, a leader in enterprise governance management, announced its acquisition of Brainloop, a supplier of virtual data room software used within the enterprise for high-security collaboration on confidential documents. As part of U.S.-based Diligent, Brainloop will continue to operate as an independent company and serve its clients under the Brainloop brand, while having the opportunity to leverage Diligent’s robust global network.
Cleary Gottlieb is representing PJSC MegaFon, which has announced its intention to incorporate a joint venture with JSC Gazprombank, Rostec Corporation, and USM Holdings to develop digital services and implement projects in the digital economy.
The partnership will bring together the expertise of these leading businesses – in telecommunications, IT, financial services, and hi-tech sectors of industry – enabling them to enter new markets and create cross-sector industrial solutions.
Global law firm White & Case LLP has advised Open Fiber S.p.A., an Italian company which installs, supplies and services fibre optic high speed electronic networks across Italy, on its €3.5 billion financing.
The deal is the largest ever financing for a fibre optic network in the EMEA region.
Irwin Mitchell Advises On £12m Deal
The Sheffield office of law firm Irwin Mitchell has advised Electronic Data Processing Plc on its £12m sale to Eagle Bidco 2018 Limited.
The boards of EDP and Eagle Bidco 2018 Ltd reached an agreement on the terms of a recommended cash offer in July. The acquisition was sanctioned by the High Court last week and has completed today.
Osborne Clarke has advised Allgeier SE on the acquisition of iQuest Group. The acquisition sees Allgeier acquire a majority interest in the software development company.
With this transaction, Allgeier expands its competence in the development of complex software solutions for business-critical processes and continues the group’s internationalisation. With the expansion of its near shoring resources, Allgeier will offer greater scalability through a flexible, customer-orientated service and delivery model.
Travers Smith LLP has advised the ITRS Group (ITRS), the leading provider of real-time monitoring and analytics for financial services, on its acquisition of OP5, a Stockholm headquartered global leader in providing IT monitoring and log analysis technology.
The Travers Smith team was led by Private Equity Partner Emma Havas and Senior Associate Tom Hartwright.
Latham & Watkins is advising HKBN Ltd. on its entry into a Merger Agreement with MBK Partners and TPG (who jointly own 100% of WTT), pursuant to which HKBN through its wholly owned subsidiary has agreed to conditionally purchase all of WTT's shares in exchange for issuing a combination of HKBN shares and Vendor Loan Notes to MBK Partners and TPG. The transaction values WTT at HKD10.5 billion.
The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised ProSieben Travel GmbH, a 100% subsidiary of ProSiebenSat.1 Media SE, on the sale of all shares of the tour operator Tropo to dnata, one of the world’s largest air services providers. The purchase agreement also includes TV media volume worth several million euros for 2018 and 2019.