Ashurst represents Alberta Investment Management Corporation ("AIMCo") on their US$300 million cornerstone commitment to Macquarie Asia Infrastructure Fund 2 LP (the "Fund") and assisted AIMCo in negotiating the terms of their significant investment.
API International AG, a provider of digital data management systems for the automotive sector, has invested in newly established company DCI Digital Car Institute GmbH.
A CMS team led by Dr Juliane Voigtmann advised API International on all aspects of its investment in DCI Digital Car Institute. The transaction included API International transferring IP to DCI as part of an asset deal and also providing cash as growth capital via a joint round of financing with an IBG fund managed by bmp Ventures AG as co-investor.
Roschier represented Permira, a global investment firm, in the acquisition of a plus 10 percent stake in leading Swedish fin-tech group Klarna, one of Europe's largest banks, from i.a. General Atlantic and DST Global. Klarna is today active in 18 markets with more than 1500 employees, providing easy to use payment solutions for 60 million consumers and 70.000 merchants. The transaction is subject to approval by the relevant authorities.
Intermediate Capital Group (“ICG”) replaces private equity house Dunedin as the external investor for Black Rock Programme Management Ltd (“Blackrock PM”) and will provide both debt and equity financial support. As a result of the transaction, ICG has acquired a minority stake in the business, with management retaining substantial shareholdings. The transaction places an enterprise value of £161.5m on Blackrock PM.
International law firm Watson Farley & Williams (“WFW”) advised Principia SGR S.p.A. (“Principia”) – via its “Principia III – Health” fund – on its investment in the capital of Clinical Trial Center S.p.A., a company formed following the spin-off by Rome’s Agostino Gemelli University Polyclinic (“Gemelli Foundation”) of its clinical trials and biomedical research business.
International legal practice Osborne Clarke has advised the Bizagi Group on a $47 million investment from equity fund, Invus.
With global headquarters in the UK, offices in the US, Europe and Latin America, Bizagi is a leader in enterprise software for digital transformation and process automation. It has delivered several high profile projects, working with global brands such as GE, Adidas and Old Mutual, among many others.
International law firm Bird & Bird advised long term client Darktrace, a machine-learning cybersecurity company, on its $75 million Series D fundraise led by Insight Venture Partners, with existing investors Summit Partners, KKR and TenEleven Ventures also participating. The deal gives the Cambridge-based company a post-money valuation of $825 million, edging it ever closer towards entry to the 2017 unicorn club.
Stibbe advises NN Investment Partners B.V. (“NN”) and ASR Nederland N.V. (“ASR”) on the sale of all their 6% and 7% cumulative preference shares in Unilever N.V. to Unilever PLC.
Vicarius Pharma AG, a newly-launched company providing U.S.-based biopharmaceutical companies a novel approach to commercializing their first asset in European markets, has secured a CHF21 million (USD 21.8 million) investment through a Series A preferred stock financing from private investors. Vicarius acts as the innovator’s go-to-market organization for Europe, building a customer-facing organization and commercializing the asset in the innovator’s name, while absorbing all launch costs.
DLA Piper represented SoftBank Group International, the investment arm of Tokyo-based telecommunications and internet company Softbank, in connection with its US$360 million Series E investment and associated joint venture into Guardant Health, a Silicon Valley-based world leader in comprehensive liquid biopsies.