Paul, Weiss advised an affiliate of China media and internet conglomerate Tencent in its Series H preferred stock investment in Smule, Inc. Smule is a U.S.-based social media music company and developer. Tencent joined Adams Street Partners and Bessemer Ventures, among others, in the $54 million financing round.
Global law firm White & Case LLP has advised the Scotts Miracle-Gro Company on the binding and irrevocable offer of approximately US$250 million for its European and Australian consumer operations from Exponent Private Equity LLP.
Summa Equity has invested in Pagero AB. Pagero AB develops and distributes cloud based communication services relating to purchase to pay, order to cash and logistic to pay processes. Summa Equity has become Pagero AB's largest shareholder through its investment. The company's management will remain shareholders and retain their positions within the company.
Summa Equity was advised by Mannheimer Swartling in the transaction.
Bird & Bird's London corporate team advised ARM, the world's leading semiconductor IP company, on its strategic investment in Blu Wireless Technology Ltd (BWT). ARM designs microprocessors, physical intellectual property and related technology, and sells development tools to deliver the intelligence in applications ranging from sensors to servers, including smartphones, tablets, enterprise infrastructure and the internet of things. BWT is a supplier of semiconductor and system IP for mmWave and high bandwidth wireless communications markets.
International legal practice Osborne Clarke has advised Klöckner & Co SE on its investment in Berlin-based technology start-up BigRep GmbH. Klöckner & Co has invested in BigRep via its venture capital subsidiary kloeckner.v GmbH. The investment will be used to further the company’s digitalization strategy.
AG has advised Warrington Borough Council on its acquisition of a 33% stake in Redwood Financial Partners Limited, the parent company of "Redwood", marking the first investment of its type by a borough council.
Entering the market as a new UK SME Business bank, Redwood obtained its banking licence on 11 April 2017, following approval from the Financial Conduct Authority and the Prudential Regulation Authority.
Setterwalls has assisted Lånbyte (Simplex AB) in connection with an investment in Lånbyte by Collector through Collector Ventures 1 KB. Lånbyte is an independent mortgage loan intermediary that negotiates mortgage loans with several banks in Sweden for its customers.
Setterwalls team consisted of Joacim Johannesson and Tobias Öd
Pinsent Masons has advised Manchester City Council on the £1bn Northern Gateway investment deal with Far East Consortium International (FEC).
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The investment area extends north from Victoria Station and includes NOMA, the Lower Irk Valley, New Cross and Collyhurst, covering 300 acres. It has the potential to deliver around 10,000 homes over the next 10-15 years.
Walder Wyss advises, together with Clifford Chance, Düsseldorf, Fresenius Kabi on the acquisition of Merck’s Biosimilar Business and on the intergration of the respective premises in Aubonne and Vevey. Biosimilars are a biological generic preparations of drugs and are expected to be a strongly growing pharmaceuticals market. The purchase price of up to 670 billion Euro consist of a cash compensation of 170 billion Euro payable upon closing and of product related earn out amounts of up to 500 billion Euro.
Creades AB (publ) (Nasdaq Stockholm) has purchased 4.9 per cent of the shares in Apolea Holding AB, which is the parent company (96.5%) of the Internet pharmacy Apotea AB. The investment by Creades amounts to a total of SEK 120.5 million.
Vinges team consisted of Erik Sjöman and Jesper Ottergren.