MTG has signed an agreement to sell its free-TV, pay-TV, digital and radio businesses in the Baltic region to Providence Equity Partners, a premier global asset management firm that is the owner of Bite, the Lithuanian and Latvian mobile operator.

The business includes, inter alia, three TV-channels in Estonia (TV3, TV3+ and TV6), five TV-channels in Latvia (TV3, TV3+, TV6, Kanals 2 and LNT), three TV-channels in Lithuania (TV3, TV6 and TV8) and certain leading Baltic premium pay-TV channels within sports and entertainment.

On 22 March 2017, Acceleratio Capital N.V. and GfK-Nürnberg, Gesellschaft für Konsum-, Markt- und Absatzforschung e.V. (Association for Consumer, Marketing and Sales Research) informed GfK SE that they intend to carry out a squeeze-out resulting in the transfer of the minority shareholders' shares to the majority shareholder Acceleratio Capital N.V., a holding company controlled by funds advised by Kohlberg Kravis Roberts & Co. L.P. ("KKR").

Lawyers from the Manchester office of Weightmans LLP have secured a multi-million pound fund investment for an independent music publisher.

Sunstorm Holding AB (a company controlled by EQT V Limited which is advised by EQT Partners with Accent Equity 2003 fund as co-investor) has entered into agreements to divest shares corresponding to approximately 20 per cent of the total number of shares and votes in Scandic Hotels Group AB. The shares are acquired by Stena Sessan Rederi AB and by Novobis AB, which was a cornerstone investor in the IPO of Scandic. 

Los Angeles and Shanghai – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Zhonghong Zhuoye Group (“Zhonghong”), a diversified holding company focused on strategic growth opportunities in the leisure, tourism, and culture industries, in acquiring an approximately 21% equity interest in SeaWorld from certain funds affiliated with Blackstone for approximately US$448 million.

Loyens & Loeff advised ASX listed company Collins Foods Limited (Collins) on the acquisition by its wholly owned subsidiary CFE Investments Ltd, of sixteen KFC restaurants located in the Netherlands from subsidiaries of Yum! Brands Inc (Yum!) for a purchase price of EUR 62.300.000. In addition, CFE investments Ltd entered into a Development Agreement with a subsidiary of Yum! in relation to the roll-out of more than 20 new KFC restaurants in the Netherlands by 31 December 2021.

Osborne Clarke advised Sofinnova Ventures and Ysios Capital in the USD 30 million Series B Financing of BioClin Therapeutics which also included existing investors HealthCap, Life Sciences Partners (LSP), and Tekla Capital Management.

BioClin Therapeutics is a privately-held clinical stage drug development company developing a first-in-class anti-FGFR3 (fibroblast growth factor receptor 3) monoclonal antibody in areas of high unmet medical need.

DAC Beachcroft has helped longstanding client Fastflow Group to secure a significant investment from private equity house Elysian Capital to support the UK maintenance company's growth plans.

Allen & Overy is advising Volcan Investments on its investment in one of the world’s largest mining companies, Anglo American.

The investment is to be financed through the issue of a mandatory exchangeable bond.  Anglo American is a globally diversified mining business which mines diamonds, platinum and other precious metals, copper, nickel, iron ore and coal across the globe.
 
The A&O team includes corporate partners Richard Cranfield and Seth Jones, international capital markets partner Jamie Durham and banking partner Sanjeev Dhuna.

Olswang has advised venture capital firms SR One Ltd and Longwood Fund III LP for the first time, on their Series B round of investment of Pulmocide Limited, a biotech developing two treatments for deadly viral and fungal lung infections.