Travers Smith LLP has advised The Access Group, one of the UK's leading providers of software to mid-market customers, on its acquisition of ProNett.
ProNett provides property maintenance and facilities management software to the hospitality, hotel and retail sectors. Founded in 1991, ProNett now boasts an extensive portfolio of clients including The Restaurant Group, Tesco and Virgin Media UK.
DLA Piper has advised the comparison portal website Verivox on the takeover of the business operations of Outbank from insolvency proceedings. Outbank offers its customers a multi-banking app and was originally founded as a start-up. Belonging to ProSiebenSat.1 Media SE, Verivox is thus expanding and optimizing its portfolio of tariff and price comparisons. The parties agreed not to disclose the purchase price.
Real estate experts at Shoosmiths have advised Pharm Research Associates (UK) Limited (PRA) on real estate aspects relating to the acquisition of new sites in Russia and the Netherlands, and a lease regear at its UK HQ.
Orrick has advised Graphcore, a semiconductor startup developing new technology to accelerate machine learning and artificial intelligence applications, in its $50 million Series C funding round by Sequoia Capital. To date, Graphcore has raised $110 million since its inception less than 18 months ago.
Graphcore’s chips are designed specifically to power machine learning systems and have up to 100 times more processing power than standard chips.
Rare public debut for a Colorado tech firm is latest in spur of capital markets activity
Cooley advised digital communication platform SendGrid on its $131.2 million initial public offering of 8.2 million shares of common stock. The underwriters have an option to purchase additional shares. Michael Platt, partner in charge of Cooley’s Colorado office, led the team advising SendGrid.
Nielsen Holdings plc., Wilton, Connecticut (USA), a market research and advertising service provider listed on the New York Stock Exchange, has acquired Visual IQ Inc., one of the leading independent providers of the so-called Multi-Touch-Attribution-Software (MTA). Visual IQ helps its customers to advertise online in a way that allows reaching the highest possible return on investment.
Herbert Smith Freehills has advised the founders of internet of things (IoT) company, MTData on its sale to Telstra.
MTData provides innovative GPS telematics and fleet management technology to customers in Australia and globally across a variety of industries, from transport and logistics to forestry and agriculture.
The company creates solutions that help customers to improve fleet productivity and efficiency through technology. Founded in 2003, it was recognised in Deloitte’s Technology Fast 50 List for three consecutive years between 2009 and 2011.
Simmons & Simmons together with Indian lead counsel Khaitan & Co., Mumbai, has advised Larsen & Toubro Infotech Limited and Larsen & Toubro Infotech GmbH on its acquisition of Luxembourg-based Syncordis S.A, a leading core banking implementation services provider, along with its identified subsidiaries in France, UK, Luxembourg and India.
The acquisition is expected to be completed within a period of six to nine weeks from execution.
Skadden is representing China-based Bytedance in its acquisition of lip-sync platform Musical.ly.
Gateley Plc, the legal business of law-led professional services group Gateley, has advised CACI Limited, a major provider of information systems and marketing solutions to organisations in both the private and public sectors, with offices in Manchester, Leeds and Birmingham, on its acquisition of UK IT services specialist, Spargonet Consulting Limited.