Paul, Weiss is representing Rackspace Hosting, Inc., a portfolio company of funds managed by Apollo Global Management, LLC affiliates, in its acquisition of Datapipe Parent, Inc. Both Rackspace and Datapipe are leading cloud server management companies. The transaction, announced on September 11, is the largest ever for Rackspace. It is expected to close in the fourth quarter of 2017.
Clayton Utz has advised Australian Technology Innovators Pty Ltd (ATI) on its $350 million $A Term Loan B (TLB) raising – a landmark deal for the Australian debt market. ATI owns two leading Australian technology companies, InfoTrack and LEAP Legal Software.
The transaction was co-led by Clayton Utz capital markets and finance partners Stuart Byrne and Alex Schlosser.
Eversheds Sutherland advised Viria Oyj in a corporate transaction in which Viria Link Oy, provider of construction, installation and control room services, is transferred into the ownership of Voimatel Oy. Viria Link Oy is a company offering integrated communications network services, providing its customers with planning and design, installation, monitoring and expert services regarding communications networks.
Charles Russell Speechlys has advised the shareholders of software enabled services provider ETL Factory Limited (trading as Datawave) on its sale to leading global IT services company HCL Technologies.
DLA Piper has advised US technology company Updater Inc. (ASX: UPD) on its AU$50 million equity raising via an institutional placement.
Headquartered in New York, Updater has developed technology that makes moving easier. Founded in 2011, the company’s innovative tools have transformed the home relocation process in the US, allowing users to seamlessly transfer utilities, update accounts, redirect mail and more.
Persistent Systems (BSE and NSE: PERSISTENT) acquires PARX, a Salesforce Certified Platinum Partner in the DACH market of Germany, Austria and Switzerland that focuses on its customers’ business models, strategic and operational objectives. This marks a continuing global expansion for Persistent and broadens ist global reach and strengthens its position in Europe.
VISCHER advises Persistent. The VISCHER team led by partner Benedict F. Christ included Peter Kuhn, Aron Waltuch (corporate/M&A), Florian Schaub (employment) and Delia Bosshard (IP).
DLA Piper has advised Nordic LAN&WAN Communication Oy and its owners on the sale of their entire share capital to Viria Plc.
Nordic LAN&WAN Communication Oy is a leading Finnish IT-service house. They provide data security services, information network services and property security services. The public administration, municipalities, companies and large global organizations, amongst others, rely on their services. In 2016, LAN&WAN Communication Oy’s revenue was EUR 19 million.
Travers Smith LLP has advised its long-standing client Micro Focus International plc ("Micro Focus"), the global enterprise software company, on its $US 8.8 billion merger with Hewlett Packard Enterprise's ("HPE") software business segment ("HPE Software") and the return of value to Micro Focus shareholders of approximately $500 million.
Loyens & Loeff Luxembourg advised Play Communications S.A. with the initial offering of its shares to retail investors, institutional investors and certain employees, and their listing on the regulated market operated by the Warsaw Stock Exchange for a value of approximately EUR 1 billion.
Taylor Wessing has advised CentralNic Group plc – a global software company - on its acquisition of the business and assets of SK-NIC. SK NIC is the manager of Slovakia’s top level domain (.sk).
CentralNic develops and manages software platforms, earning revenue from worldwide sales of internet domain names. SK-NIC is its latest purchase including the full business and all of its assets.