Covington Advises Investcorp on Acquisition of HR Software Provider
FRANKFURT—Covington advised Investcorp Technology Partners on its acquisition of Berlin-based Softgarden, a human resources software provider.
FRANKFURT—Covington advised Investcorp Technology Partners on its acquisition of Berlin-based Softgarden, a human resources software provider.
Global law firm Norton Rose Fulbright has advised leading Africa-focused private investment firm Helios Investment Partners (Helios) on its acquisition of a 76 per cent stake in TPAY Mobile FZ-LLC (TPAY) from A15, a tech investment fund based in Egypt.
TPAY is a fast growing direct carrier billing provider in the Middle East and North African region. The sellers, A15, and senior management will remain minority shareholders. Cavendish Corporate Finance advises the shareholders of TPAY.
DLA Piper has advised Clinigen Group plc, the global pharmaceutical and services company, on the acquisition of CSM, a specialist provider of packaging, labelling, warehousing and distribution services, for an initial consideration of $150 million. The firm has also advised Clinigen on the acquisition of iQone Healthcare Holding, a Swiss based speciality pharmaceutical business, for an initial consideration of €7.5 million (in each case on a cash free/debt free basis).
Slaughter and May, as part of an integrated team with Cravath, Swaine & Moore LLP, advised The Walt Disney Company (“Disney”) on certain English law aspects arising from its ongoing $85bn acquisition of Twenty-First Century Fox, Inc. (“Fox”) and in relation to Fox’s involvement in the £30bn takeover battle for Sky plc.
King & Wood Mallesons (KWM) is advising Affinity Private Equity Partners (Affinity) on its public to private acquisition of ASX listed Scottish Pacific Group. The transaction is valued at approximately $630 million.
Scottish Pacific is Australia and New Zealand’s largest specialist non-bank provider of working capital solutions with a comprehensive range of debtor finance and trade finance facilities.
DLA Piper has advised Infosys, a global leader in consulting, technology and next-generation services, on the acquisition of Finland-based Fluido Oy (“Fluido”), one of the largest Salesforce (software company) consulting partners in Europe. This acquisition strengthens Infosys’ position as a leading Salesforce enterprise cloud services provider, and enhances its ability to provide clients an unparalleled cloud-first transformation.
International legal practice Osborne Clarke has jointly advised NewVoiceMedia, an industry-leading cloud contact centre-as-a-service provider, on its acquisition by Vonage Holdings for an equity price of $350 million. Osborne Clarke worked alongside Weil, Gotshal & Manges and also advised the management team on the process.
The acquisition combines Vonage’s robust solutions with NewVoiceMedia’s pure-play cloud contact centre offerings, providing an end-to-end communication experience for a company’s employees and customers.
International law firm Pinsent Masons has successfully advised Siemens on its acquisition of UK based software business Lightwork Design.
Lightwork Design is a computer software and technology licensing company based in Sheffield, UK.
The acquisition will allow Siemens to provide customers with enhanced 3D data visualisation, high-end rendering and virtual reality capabilities via its comprehensive suite of 3D product lifecycle management (PLM) software applications.
Leading corporate firm Trowers & Hamlins has advised private equity firm Ignite Growth on its acquisition of Cornerstone Healthcare.
Ignite are a UK based investment firm investing growth capital in businesses worth up to £30m.
Cornerstone Healthcare is a specialist healthcare business operating specialist nursing homes in Hampshire for older people with complex neurological, physical and mental health needs associated with challenging behaviours.
CASABLANCA – Allen & Overy (A&O) advised the private equity firm Development Partners International LLP (DPI) on the acquisition of a majority stake in Compagnie Marocaine de Goutte à Goutte et de Pompage (CMGP).
This transaction is considered as the biggest private equity deal in Morocco so far in 2018, according to data from the Emerging Markets Private Equity Association.