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Fund/Investment Management

Setterwalls has advised Soundtrack Your Brand with a $22 million investment

27 Feb 2017

Setterwalls has advised Soundtrack Your Brand in connection with an investment in the company amounting to $22 million. Among the investors are Stiftelsen Industrifonden, Balderton Capital and several of the current owners as Telia, Northzone, Creandum, H&M-family Persson and Jörg Mohaupt.

Soundtrack Your Brand is a leading actor within music streaming services for businesses.

Setterwalls’ team has primarily consisted of Anders Söderlind and Samuel Skybrand.

Wafra Capital Partners invests in Maritime Asset Partners

27 Feb 2017

Jones Day advised Wafra Capital Partners, Inc. regarding its investment in Maritime Asset Partners S.à r.l., a joint venture with Nergaard Investment Partners, Landmark Holdings Company, Arne Blystad, Nicholas Roos, and ASL. Maritime Asset Partners will operate as a non-bank, specialized finance platform and will focus on both shipping and offshore transactions. Maritime Asset Partners will provide structured finance and loan arrangements to clients in the global maritime sector including by way of secured loans, structured equity solutions, and sale-and-leasebacks.

Norton Rose Fulbright advises Smart Energy Innovationsfonds on two venture capital investments

27 Feb 2017

Global law firm Norton Rose Fulbright has advised Smart Energy Innovationsfonds AG, the venture capital arm of Zurich energy supplier Energie 360° AG, on two Series A financings. Smart Energy Innovationsfunds has acquired minority interest in VoltStorage GmbH, Munich, and in Luftmeister GmbH, Kirchzarten.

Chemtrade Logistics Income Fund sells its international business segment to Mitsui & Co. Ltd.

24 Feb 2017

Chemtrade Logistics Income Fund (TSX:  CHE.UN) is in process of selling its international business segment to Mitsui & Co., Ltd.  The transaction, which is subject to relevant regulatory approvals, is expected to close during the second quarter of 2017. Pestalozzi advised Chemtrade on all legal aspects of the transaction

Ashurst acts as Australian legal counsel to Tronox on its definitive agreement to acquire Cristal TiO2 Business

24 Feb 2017

Ashurst acted as Australian legal counsel to NYSE listed Tronox Limited ('Tronox') on its definitive agreement to acquire the TiO2 Business of Cristal, for US$1.673 billion of cash and Class A ordinary shares representing a 24% ownership in pro forma Tronox, a total consideration based on current share valuation of approximately US$2.2 billion. The transaction was announced by the parties on 21 February 2017. 

Eversheds Sutherland boosts launch of £400m Northern Powerhouse Investment Fund for British Business Bank

24 Feb 2017

Eversheds Sutherland (International) advises British Business Bank on the structuring and launch of the £400m Northern Powerhouse Investment Fund (NPIF), aimed at boosting the North of England's economy and helping the region's businesses realise their growth potential.

Delphi advisor when Industrifonden and Balderton invest in Soundtrack Your Brand

23 Feb 2017

Delphi has advised Stiftelsen Industrifonden and the British venture capital fund Balderton Capital in connection with their investments in Soundtrack Your Brand.

The total investment round amounts to 22 million US-dollars. The financing round also saw participation from several current shareholders including Telia Company, Northzone, Creandum, H&M’s family vehicle HMP and Jörg Mohaupt.

Ant Financial Announces US$200 Million Investment in South Korean Internet Platform Kakao to Launch Its Mobile Financial Subsidiary

22 Feb 2017

The Firm is representing Ant Financial Services Group (“Ant Financial”) in connection with its proposed investment of US$200 million in Kakao Pay Corp. (“Kakao Pay”), a mobile finance subsidiary to be launched by Kakao Corp. (“Kakao”). Kakao is South Korea’s leading mobile platform company best known for its messaging platform Kakao Talk and with other mobile services spanning mail, search, news, advertising, gaming, e-commerce, music, maps and more.

KKR to Acquire a Minority Stake in Telxius

22 Feb 2017

Simpson Thacher is representing KKR in connection with its acquisition of an up to 40% stake in Telxius, a leading critical telecom infrastructure owner and service provider in Europe and the Americas which is currently wholly owned by Telefonica, S.A. Telxius owns and operates a large portfolio of nearly 16,000 telecommunication towers and manages an international network with approximately 65,000 kilometers of submarine fibre optic cables. The deal implies an enterprise value of €3.7 billion and is subject to customary closing conditions.