Squire Patton Boggs has advised UK-based GB Group plc in its US$300 million acquisition of Atlanta-based IDology, a digital identity verification and authentication service that fights fraud. This is GB Group’s largest acquisition to date and will give the company a strong footing in the US, a strategic growth area for the company.
On February 11, 2019, Technicolor, a worldwide technology leader in the media and entertainment sector, announced that it has received a binding offer and entered into exclusive negotiations with InterDigital, a mobile technology research and development company, for the sale of its Research & Innovation activity. The transaction would be structured as an asset purchase with a concurrent R&I cooperation agreement. Cravath is representing Technicolor in connection with the transaction.
On Feb. 12, 2019, Doxim announced that it had acquired Market Connections, Inc. ("MCI"), a customer communications and campaign management technology provider to wealth management and other financial services organizations.
Leading commercial law firm Hill Dickinson has advised SysGroup PLC (‘SysGroup’) on its acquisition of Certus IT Limited (‘Certus IT’), for an initial cash consideration of £8.0 million, increasing to a maximum cash consideration of £9.0 million dependent on the performance of Certus in the 12 month period following completion (‘acquisition’).
Global law firm DLA Piper is advising leading Internet of Things (IoT) and cloud-based solutions company Buddy Platform Limited (ASX: BUD) on its AU$71 million acquisition of global smart lighting technology company LIFX and associated AU$18.1 million placement.
With a team led by capital market lawyer Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised publicly listed Vectron Systems AG on a capital increase. The company intends to use the proceeds from the issue to further expand its digital business areas.
DLA Piper represented Qualcomm in the sale of Qualcomm Life, Inc., a wholly owned subsidiary of Qualcomm Incorporated that offers end-to-end medical device connectivity, to private equity firm Francisco Partners.
Qualcomm Life will be renamed Capsule Technologies, Inc. (CapsuleTech) and will continue operating its two distinct business segments: Capsule, a leading provider of medical device connectivity solutions for hospitals, and 2net, a medical grade mobile connectivity platform.
Eversheds Sutherland advises Daisy Group on reorganisation, refinancing and investment by Ares
Eversheds Sutherland has advised long-standing client Daisy Group in relation to its group re-organisation, refinancing and investment by Ares Management. The financing represents one of the largest European private credit transactions to-date.
Headquartered in Nelson, Lancashire, Daisy was founded in 2001 by chairman Matthew Riley and has since grown to be the leading independent provider of IT, communications and cloud services to UK businesses.
London—Dentons has advised City Loft LLC, the owner of Adjarabet, the market leader in online betting and gaming in the regulated market in Georgia, on Adjarabet’s £101 million acquisition by Paddy Power Betfair plc of an initial 51% controlling stake.
Adjarabet is licensed to offer a full suite of online betting and gaming products in Georgia including casino, sports, poker and peer-to-peer games. During 2017, the business also launched in the regulated Armenian online market.
Global law firm DLA Piper is advising leading Internet of Things (IoT) and cloud-based solutions company Buddy Platform Limited (ASX: BUD) on its AU$71 million acquisition of global smart lighting technology company LIFX and associated AU$18.1 million placement.