Cleary Gottlieb is representing Fidessa group plc (Fidessa) in relation to the recommended all cash offer from ION Investment Group Limited (ION) to acquire the entire issued and to be issued share capital of Fidessa.
Simpson Thacher represented GDS Holdings Limited (“GDS”) in connection with its follow-on offering of 12,650,000 American Depositary Shares (ADSs), comprising 8,225,000 ADSs offered and sold by GDS and 4,425,000 ADSs offered and sold by certain selling shareholder entities affiliated with SBCVC Holdings Limited (“SBCVC”), representing an aggregate of 101,200,000 Class A ordinary shares.
Davis Polk is advising Comcast Corporation in connection with its £22 billion ($30 billion) pre-conditional cash offer to acquire the entire share capital of Sky plc. Under the terms of Comcast’s offer, the key terms of which were announced in a possible offer announcement on February 27 2018, Sky shareholders will receive £12.50 in cash for each share. The offer, intended to be implemented as a tender offer with a 50% plus one share acceptance condition, is subject to regulatory and antitrust approvals and other customary conditions.
International legal practice Osborne Clarke has advised BookingBug Limited, a leading appointment and scheduling platform, on its $13.4 million Series C fundraising round from PeakSpan Capital and Downing Ventures.
This funding round saw BookingBug’s first investment from a US fund. The new capital will be used to build on the business’ rapid growth – BookingBug was recognised by Deloitte as one of Europe’s fastest growing technology companies in 2017 (Fast 500 EMEA).
Slaughter and May is advising Vodafone on the proposed merger of Bharti Infratel and Indus Towers to create a pan-Indian tower company with over 163,000 towers and a pro forma equity value of c.INR965bn (US$14.6bn) that will be the largest of its kind outside China.
BEITEN BURKHARDT has advised the shareholders of the Bulgarian stock corporation MM Solutions AD on the sale of all shares to AchieveSky Europe S.à r.l. The transaction was closed in March 2018.
MM Solutions AD is an internationally operating software developer, based in Sofia, Bulgaria, which is leading in the field of image and video processing for tablets, e-books and smartphones.
The buyer, AchieveSky Europe S.à r.l., is a subsidiary of the listed Chinese software developer Thunder Software Technology Co. Ltd based in Beijing.
Clifford Chance is advising Czech Media Invest (CMI), a leading media group, on the acquisition of the regional radio assets of multinational media conglomerate Lagardère Group. The transaction, valued at €73 million on a consolidated revenue of around €56 million in 2017, includes popular, mainstream radio stations in the Czech Republic, Poland, Romania and Slovakia. The closing of the transaction is subject to competition clearance from the local regulatory authorities in the countries concerned.
Acting for PAO VimpelCom, Bryan Cave Leighton Paisner (Russia) LLP has triumphed in the first instance, appeal and cassation arbitrazh (commercial) courts in a dispute between mobile operators and the Federal Antimonopoly Service of Russia (FAS) over changes to B2B SMS service tariffs.
The Bryan Cave Leighton Paisner (Russia) LLP team was led by Partner and Head of Antitrust and Competition Nikolay Voznesenskiy. The project task force included Antitrust and Competition Associates Anna Bakhaeva and Alexander Biryukov and Partner Vitaly Dianov.
Osborne Clarke has advised Community Fibre, the ultra-fast full-fibre Internet Service Provider, on a £25 million new financing round led by the National Digital Infrastructure Fund (NDIF) to rollout full-fibre connectivity to a further 100,000 homes by 2019, covering social and private housing estates across London. A follow-on investment will be made by leading long-term institutional investor, RPMI Railpen.
Baker McKenzie assisted Nexi, a leading company in payment services management, with the acquisition of Sparkling 18. Sparkling 18 is an Italian fintech company that has been operating in the sector of new digital payments since 2013, and is one of only seven companies in the world included by MasterCard among its Platinum Digital Vendors. The Baker McKenzie team was led by Partner Alberto Fornari with Associate Sara Belotti.