Simpson Thacher represented United Group B.V. (“United Group”), a KKR portfolio company, in connection with the solicitation of consents from the holders of United Group’s 4.375% Senior Secured Notes due 2022 (the “Notes”) to waive and approve an amendment to certain provisions contained in the Notes, as set forth in the consent solicitation statement dated July 24, 2018.
DLA Piper has advised Helios Technologies (Nasdaq: SNHY) on the 100% acquisition of Australian business Custom Fluidpower for AU$35 million (approximately US$26 million) on 1 August, 2018. The acquisition was funded using cash and shares of SNHY common stock.
Hong Kong corporate team advises on the largest single financing transaction in the AI video technology sector
Morrison & Foerster is advising JT Group on its acquisition of the tobacco business of Akij Group (“Akij”) for a total of BDT 124.3 billion (approximately USD 1.476 billion). The transaction is expected to be completed in the third quarter of the fiscal year 2018 following regulatory clearance.
Orrick advised B2B technology investor Digital+ GmbH on its investment in Cellcontrol, a U.S.-based developer and provider of distracted driving prevention technology.
Based in Munich and Frankfurt, Digital+ is a growth equity investor focused on B2B technology companies. They invest in companies with best-in-class technologies and help scale them into digital leaders in Germany and internationally. Most recently, Digital+ successfully closed a major growth fund with a total of €350m.
Osborne Clarke has advised Cinesite, the independent digital entertainment studio, on its partnership with TRIXTER. This initial partnership will lead to Cinesite acquiring 100% of the TRIXTER business once regulatory and legal work is completed. The partnership strengthens Cinesite’s leading position in the areas of visual effects and feature animation.
Cinesite is one of the world’s most highly respected independent digital entertainment studios, producing award-winning animation and visual effects for film, broadcast and streaming media platforms.
Frankfurt/Main – On 5 July 2018, Telefónica Deutschland Holding AG successfully placed a senior unsecured bond worth EUR 600 million via O2 Telefónica Deutschland Finanzierungs GmbH. This is the third successful benchmark issue by Telefónica Deutschland, following its debut offering of EUR 600 million in November 2013 and a second bond amounting to EUR 500 million in February 2014.
Simmons & Simmons has advised Ultimate Software Group, a leading provider of human capital management solutions, on its acquisition of PeopleDoc for approximately US$300m. PeopleDoc is a Paris-based pioneer in HR service delivery, with additional offices in Germany, the UK, Finland, the Netherlands, Canada and the United States. PeopleDoc has more than 1,000 customers with users in 180 countries. The acquisition was completed on 27 July 2018.
King & Wood Mallesons (KWM) has advised the shareholders of Motec GmbH (Motec), a leading provider of intelligent camera system solutions for commercial vehicles and mobile machines, on the sale of all shares to the listed US company AMETEK, Inc. (AMETEK), a leading provider of electronic measuring instruments and electromechanical devices.
Boris Dürr, Partner at Heuking Kühn Lüer Wojtek’s Munich office, advised C.H. Beck Verlag on the acquisition of AWA-AUSSENWIRTSCHAFTS-AKADEMIE GmbH. Beck Verlag took over all shares from AWA’s former shareholders. Following the acquisition, AWA will continue to operate under the previous company name with extended management. With this acquisition, Beck Group is expanding its training offering, which already includes seminar providers such as Beck Academy, MWV Seminare, and AWS Working Group for Economic and Tax Law.