Schoenherr has advised Swedish telecommunications group Tele2 on the sale of its subsidiary Tele2 Austria to mobile company Hutchison Drei Austria GmbH ("Drei") for an enterprise value of EUR 95m. The transaction is expected to occur following approval by the Austrian competition authority.
Cerha Hempel Spiegelfeld Hlawati (www.chsh.com) has advised red-stars.com data AG (www.red-stars.com) in connection with its investment in ecosio GmbH (www.ecosio.com). ecosio offers cloud-based EDI services (electronic data interchange) with maximum usability thanks to deep ERP system integration, such as SAP.
Under the terms of a capital increase, red-stars acquired 25% of the shares in ecosio. The transaction included issues relating to corporate and IP law.
International law firm Watson Farley & Williams (“WFW”) advised Cosmote S.A. (“Cosmote”), a 100% subsidiary of OTE S.A. (“OTE”), on a €300m loan financing package provided by the European Investment Bank (“EIB”) and the European Bank for Reconstruction and Development (“EBRD”).
International legal practice Osborne Clarke has advised Infosys Limited, a global leader in consulting, technology and next-generation services on its acquisition of Brilliant Basics, a London-based product design and customer experience innovator known for its world-class design thinking-led approach and experience in executing global programs.
National law firm Shoosmiths has advised screenlimit Limited, developers of the screen-time limiting application, on its recent angel investment round.
Screenlimit (www.screenlimit.net/ss) is a downloadable software that allows parents to remotely control the amount of time their children spend on various devices. The application allows parents to instantly block, schedule times of the day when devices are inactive, allow or block specific apps, reward good behaviour and direct message from a smartphone, tablet or webs browser.
Gowling WLG advised the shareholders of longstanding client Entanet Holdings on its £29 million sale to Cityfibre Infrastructure Holdings plc, which completed on 1 August 2017. The acquisition of Entanet by CityFibre formed part of CityFibre's successful £200 million capital raising announced last month.
The shareholders include funds managed by Mobeus Equity Partners. Gowling WLG advised Mobeus and Entanet on the buyout of Entanet International Limited in February 2014 and has continued to advise the group since then.
Orrick advised Ardian, the independent private investment company, in its acquisition of a majority stake in imes-icore GmbH, a specialist manufacturer of computer numerical control (CNC) and computer aided design/manufacturing (CAD/CAM) systems.
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Hutchison Telecommunications Hong Kong Holdings Ltd. (‘Hutchison Telecommunications’) on the sale of its fixed-line telecommunications business Hutchison Global Communications Investment Holding Ltd. (‘HGC’) to a unit of global private equity fund I Squared Capital for US$1.86bn (HK$14.5bn).
Ashurst advised Hyperoptic Ltd, the UK's largest residential gigabit broadband provider, on its £100 million structured debt raise to accelerate the build of its full fibre network. Ashurst worked alongside Lion Tree as the exclusive financial advisor to the company. The cash injection comes from a consortium of four tier one European banks – BNP Paribas, ING, RBS and NIBC.
The Ashurst team was led by partners Derwin Jenkinson (finance) and Amanda Hale (TMT).
Commenting, Derwin Jenkinson said:
International legal practice Osborne Clarke has advised Machtfit GmbH, on the closing of its series A EUR 2.2 million financing round, led by Seventure Partners.
Machtfit is a Berlin based company who have created a digital health platform, which allows employees to book health and fitness programs funded by their employer.
Seventure Partners is a leading venture capital firm in Europe. They invest in innovative businesses with high growth potential in two fields: Digital technologies in France and Germany, and Life sciences across Europe and North America.