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Fund/Investment Management

Charles Russell Speechlys advises IDG Capital Partners on its investment in Farfetch

06 May 2016

Charles Russell Speechlys has acted as the legal adviser to IDG Capital Partners (IDG), the venture capital firm focussed on Chinese companies, on its investment in the online luxury fashion platform, Farfetch.com. Founded in 2008 by entrepreneur José Neves, the online shopping platform, headquartered in London, has grown to showcase more than 1,000 brands.

IDG Capital Partners was one of the lead investors, alongside Temasek and Eurazeo, in the $110 million Series F funding round.

Olswang advises FremantleMedia on its investment in football media start-up Squawka

06 May 2016

International technology, media and telecoms law firm Olswang has advised global content production company FremantleMedia on its investment into Squawka, the London-based football digital media business. FremantleMedia is now the single largest shareholder in the business, having taken an initial stake of almost 35% with options to increase its shareholding.

Eubelius acts as transaction counsel on ScriptBook investment

05 May 2016

In April 2016, Eubelius assisted in the 1 Mio EUR investment by PMV NV and Pamica NV in IT start-up ScriptBook NV.

ScriptBook NV assists stakeholders in the film business with their greenlighting decisions by providing an algorithmic assessment of a script’s box office potential, prior to financing, producing & releasing a film.

Eubelius served as transaction counsel. The Eubelius team for the transaction was led by Filip Jenné, Robin Van Gysel and Elias Van Marcke.

CMS advises on food and beverage sector’s largest ever accelerated bookbuild

05 May 2016

CMS acted for long standing client, Kulczyk Investments, on the sale of 24 million ordinary shares in SABMiller plc (representing approximately 1.5% of SABMiller’s share capital), via an accelerated bookbuild arranged by Credit Suisse. The sale realised gross proceeds of £1,003,200,000 and represented the largest ever accelerated bookbuild in the food and beverage sector (and the second largest bookbuild in EMEA so far this year).

DLA Piper advises ENN Ecological Holdings on US$750 million acquisition of Santos Limited

05 May 2016

DLA Piper has acted as international and Australian counsel for Shanghai-listed ENN Ecological Holdings Co., Ltd (ENN), the largest private natural gas company in China, on its recent acquisition of Hony Capital’s approximately 11.72% stake in Australian-energy company, Santos Limited (Santos). The total consideration was approximately US$750 million.

300 million euro investments – Noerr advises Africa Internet Group in financing by Axa, Goldman Sachs, MTN, Orange and Rocket Internet

04 May 2016

Noerr has provided the Africa Internet Group with wide-ranging advice on several successful rounds of financing with a total value of more than €300 million. On a cash-flow basis Africa’s largest internet platform is valued at €1 billion.

Livingbridge sells leading IT Recruitment Business Frank Recruitment Group to TPG Growth

03 May 2016

Travers Smith LLP has advised all selling shareholders, including private equity firm Livingbridge and the founders of Frank Recruitment Group (‘FRG’), on the sale of FRG to TPG Growth.

Founded in Newcastle, UK in 2007, FRG is a leading niche recruitment firm for IT professionals who specialise in enterprise software.  FRG employs more than 700 people across its offices in London, Melbourne, New York, Newcastle, San Francisco, and Singapore and operates four trading brands that each focus on a specific technology product.

Cuatrecasas advises Workplace Safety Insurance Board (WSIB) on acquiring 5% of CLH

03 May 2016

The Canadian pension fund, The Workplace Safety and Insurance Board (WSIB) has acquired a 5% stake in the company Compañía Logística de Hidrocarburos (CLH). This transaction took place in the framework of the oil companies selling their shares in CLH.

Thus, the shareholding structure of the company comprises 11 groups, including financial entities and investment funds. Ardian and Boreals Spain Parent are the majority shareholders, with almost half the stake.