DLA Piper represented Groupon in its acquisition of Ideeli, a New York-based online fashion retailer, for US$43 million. Founded in 2007, Ideeli is one of the largest fashion flash sites and provides discounted access to top brands in apparel, accessories and home décor. The acquisition enhances Groupon’s fashion offerings and industry relationships with strategic brands.
Bingham, led by managing partner Steve Browne, represented Oracle Corp. in its acquisition of Corente Inc., a cloud-based software company. The deal keeps alive Oracle’s multibillion-dollar buyout streak that stretches back to 2011 and covers more than a dozen transactions made by the California tech giant. The deal marks the latest effort by Oracle to bolster its cloud-computing offerings and to cash in as companies increasingly turn to web-based data storage rather than data centers and other physical operations.
Clifford Chance has advised Volkswagen Financial Services AG on the acquisition of the financial services business from MAN Group.
Through the acquisition, Europe's largest automotive financial services provider will extend its business by providing financing, leasing and renting solutions for MAN Truck & Bus. Volkswagen Financial Services intends to further expand the financial services activities in this area in order to strengthen the sales objectives of the brand.
Baker & McKenzie is acting for US-based Platinum Equity on its first acquisition in Australia - the $454 million purchase of a 70% stake in Sensis from Telstra.
Platinum Equity is a leading global mergers & acquisitions & operations firm headquartered in Los Angeles. Sensis is the publisher of the Yellow and White Pages phone directories.
Benet O’Reilly has been named "Dealmaker of the Week" by The American Lawyer for his role advising Suntory Holdings in its acquisition of Beam Inc. for approximately $16 billion. The accompanying article notes that the transaction is among the largest-ever outbound acquisitions by a Japanese company and is the largest acquisition in Suntory’s 115 year history. The transaction also makes Suntory the world’s third largest producer of spirits.
Herbert Smith Freehills took the crown as Asia's TMT Law Firm of the Year 2013 at the inaugural TMT Finance Asia Gala Awards held at the Intercontinental Hotel in Hong Kong on January 16, 2014.
The shortlist of leading legal advisors on TMT deals included five other law firms in Asia Pacific. Notably, Herbert Smith Freehills acted as regulatory advisors on one of the shortlisted TMT deals of the year—XL Axiata's US$865 million acquisition of PT Axis Telekom.
Jones Day is advising Verint Systems Inc. in the acquisition of KANA Software, Inc., a portfolio company of Accel-KKR and a leader in customer service solutions delivered both on-premises and in the cloud, for $514 million. The acquisition will revolutionize customer engagement and empower organizations to enhance customer loyalty, maximize revenue, reduce operational costs, and mitigate risk.
The London and New York offices of Debevoise & Plimpton LLP are advising Petroleum Equity, a newly established private equity firm focused on the upstream oil and gas market, in its first investment through its investment vehicle Alpha Petroleum; the acquisition of ATP Oil & Gas (UK) Limited (ATP UK) from US parent company ATP Oil & Gas Corporation (ATP Corporation). The total transaction value stands at approximately US$133 million.
McDermott Will & Emery advised an investment consortium led by Pembroke VCT (Pembroke) on the acquisition of Boat International Media. McDermott’s London Private Equity team advised on the acquisition and the shareholder arrangements with the investor group and consortium. The consortium comprised Pembroke, Lepe Capital and certain private investors.
Boat International Media publishes more than 1.4 million magazines on a global basis and specialises in the media, events and networking arena for yachts and superyachts.
Mayer Brown advised Avedon Capital Partners on its acquisition of all shares in Transcom CMS Forderungsmanagement GmbH and on the financing of the acquisition by a banking consortium. Seller of the shares was Transcom WorldWide GmbH in Rostock, a company of the Swedish listed Transcom group.