Osborne Clarke has advised Berlin-based, MoBerries GmbH, on the closing of its EUR 1.8 million financing round. The investment comes from 42CAP, High-Tech Gründerfonds (HTGF), LITTLEROCK as well as several hedge fund managers and renowned angel investors. MoBerries will use the funding for further development of its proprietary technology, international expansion and growth projects.
International legal practice Osborne Clarke has advised Deutsche Telekom Capital Partners (DTCP) on its investment in Fornova. The $17 million financing round was led by DTCP, with participation from Waypoint Capital and JAL Ventures.
DTCP is the investment management group of Deutsche Telekom. The company provides venture capital, private equity, and advisory services to the technology, media and telecommunication sectors.
We advised Industry Investment (Teollisuussijoitus) in their investment in BC Platforms AG group. BC Platforms is a world leader in providing powerful genomic data management and analysis solutions to address some of the biggest healthcare challenges today by leveraging the convergence of genomics and healthcare information technologies.
Berwin Leighton Paisner (BLP) has advised Panoro Energy ASA on the sale by its Gabon subsidiary of a 25% working interest in the Dussafu Production Sharing Contract offshore Gabon to BW Energy Gabon for a total value of US$12 million plus a non-recourse loan of up to $12.5m in order to fund Panoro’s share of expenditures up to first oil.
Panoro, listed on the Oslo Stock Exchange, holds high quality production, exploration and development assets in West Africa.
DLA Piper today announced that it has advised China Ping An Insurance Overseas (Holdings) Limited (Ping An) as the lead investor in the US$75 million Series A equity financing for HUYA Inc., a subsidiary of YY Inc. (NASDAQ: YY).
The Firm represented KKR in connection with a significant minority investment in Ivalua SAS.
Founded in 2000, Ivalua is a market-leading spend management software company headquartered in Redwood City, California and Paris. It provides spend management solutions and develops and operates an online platform with functionality for all procurement and finance processes.
Ashurst has advised Crown Resorts Limited (Crown) which, through its wholly owned subsidiary Crown Asia Investments Pty. Ltd. (CAI), sold its remaining shareholding in Melco Resorts & Entertainment Limited (MRE) back to MRE through a share repurchase which completed on 15 May 2017 (Repurchase).
Under the Repurchase, MRE has bought back 165.3 million ordinary shares (equivalent to approximately 55.1 million MRE American Depositary Shares (ADSs)), representing 11.2% of MRE's ordinary shares outstanding for a price of US$7.04 per ordinary share or US$21.11 per ADS.
DLA Piper has advised Etera Mutual Pension Insurance Company on its equity investment in the Finnish staffing company Bolt.Works Oy that specialises in the construction staffing business.
The DLA Piper team, led by Corporate counsel Valtteri Vimpari, included Tax counsel Jaakko Klemettilä, senior associate Riikka Autio as well as associate Salla Turkkinen (Helsinki).
Paul, Weiss represented Tencent in the Series C financing of Yixin Capital Limited (Yixin). Tencent invested in Yixin in this round of financing with other investors including Bitauto (NYSE: BITA), China Orient AMC International, and others. This round of financing involves up to RMB 4 billion (approximately US$580 million) investment into Yixin. Yixin is a subsidiary of Bitauto that provides an online platform for automotive financing. Paul, Weiss also assisted Tencent in its participation of the Series B financing of Yixin.
Riskmethods, the technology market leader in supply chain risk management, has successfully completed a series B financing round with an investment sum of EUR 13.5 million.
The main investor in the series B financing round is Digital+ Partners. Co-investors include EQT Ventures, Senovo and Bayern Kapital, which were already involved in the previous Series A round. As a result, the company has already been able to collect more than EUR 20 million in equity from investors for its international growth strategy.