Dentons advised Virgin Mobile Middle East and Africa (VMMEA), on the issuance of a US$30 million pre-IPO exchangeable senior secured sukuk, which was privately placed. The company plans to use the proceeds to fund growth and expansion.

Ward Yates advised as Jersey and BVI counsel, while VG acted as corporate services provider to the special purpose vehicle (SPV) issuer.

Transaction represents the largest domestic European FinTech deal to date in 2018.

Worldline, European leader in the payments and transactional services industry, has announced its acquisition of SIX Payment Services, the payment services division of SIX, for a consideration of €2.303 billion (CHF 2.750 billion). The transaction represents the largest domestic European FinTech deal to date in 2018 and will create the leading and largest payments provider in Europe.

DLA Piper has advised StackPath, a leading secure edge services platform provider headquartered in Dallas, TX, on its cross-border acquisition of Server Density. StackPath is an investee company of Abry Partners, a private equity firm headquartered in Boston, Massachusetts.

The DLA Piper team included Southeast US Managing Partner Joe Alexander (Miami) and Atlanta-based partner Brian Gordon and was led by London-based partner Anu Balasubramanian and senior associate Simon Wright, with assistance from senior associate Nick Hinton and associate Suzanne Doogan.

Slaughter and May is advising Ascential plc on the proposed class 1 disposal of its Exhibitions and Events business to ITE Group plc for £300 million.  The deal, announced on 15 May 2018, will complete in July 2018 pending satisfaction of conditions precedent, including shareholder approval and completion of ITE’s rights issue to fund the consideration.

Contacts

Corporate: Jeff Twentyman (partner), Eleanor Stubbs (associate)

Frankfurt/Main – Munich-based telephony provider NFON AG has made its debut on the public stage, with more than 4.1 million shares being placed with investors at EUR 12 per share during the IPO. The transaction generated proceeds of EUR 80.5 million, with the company receiving around EUR 50 million of this total. The company plans to use the funds to drive expansion of its business activities in Europe, as well as investing in research and development on new products. The initial listing on the Deutsche Börse’s Prime Standard took place on 11 May.