On 22 January TomTom announced the sale of its Telematics business to Bridgestone Europe NV/SA for a purchase price of EUR 910 million. TomTom intends to return the vast majority of the proceeds, being EUR 750 million, through a capital repayment combined with a share consolidation.

De Brauw advises TomTom which led by partner Reinier Kleipool and the following team Barbara Kloppert, Frank Hamming, Paula Ravensbergen, Daniël van Gerven and Ravenne van de Paverd

Other advisors

Baker McKenzie acted as lead legal advisor to SK E&S, a member of SK Group specializing in gas and power business, in connection with its sale of 49% stake out of its wholly-owned Paju Energy Service Co., Ltd, which owns one of the largest merchant LNG power plants in Korea, to Gen Plus B.V. a wholly owned subsidiary of Electricity Generating Plc of Thailand (EGCO). The deal was valued at approximately KRW 897 billion (approx. USD 800 million) and used the locked-box mechanism.

Deutsch: Orrick berat EQT bei Verkauf der UDG an PIA

Orrick has advised EQT Expansion Capital II on the sale of UDG, a specialized German agency group for digital marketing services and communications, to leading digital agency group Performance Interactive Alliance (PIA), owned by European mid-market private equity firm Equistone.

Deutsch: Orrick berat Enterprise Filesharing Start-up DRACOON bei Series B Finanzierungsrunde

Orrick has advised DRACOON, the German market leader in enterprise file sharing, on a Series B financing round. Investors include Swiss investment company FBC Partners AG, two private equity investors, and the investment company of Bernhard Wendeln. In addition, existing investor BayBG increased its investment commitment.

Kirkland & Ellis represented Nordic Capital Fund IX in connection with its acquisition of Orchid Orthopedic Solutions from Altor Equity Partners in a transaction announced on January 21, 2019. Orchid, headquartered in Holt, Michigan, is a world leader in designing and manufacturing  orthopedic implants with 12 manufacturing sites in the U.S., U.K., Switzerland and China. The proposed transaction is expected to close by the end of the first quarter of 2019.

Read the company press release.

Global law firm Ropes & Gray has announced that Carolyn Vardi has joined the firm’s top-ranked private equity practice as a partner in the firm’s 350-lawyer New York office.

Ms. Vardi is a distinguished corporate transactions attorney who has been practicing in New York and working with leading private equity firms for nearly two decades. She has vast experience advising numerous PE firms on a variety of matters, including their buyouts and dispositions of portfolio companies.

Consistent with the firm’s established reputation as a market leader in advising the energy and financial services industries, Pillsbury has added prominent project finance partner Mona E. Dajani—one of the foremost energy and infrastructure lawyers in the world—to its New York office. Dajani comes to the firm from Baker McKenzie, where she was a partner in the New York and Chicago offices and a member of the firmwide Steering Committee for the Banking and Finance Group.

Orrick has announced the addition of partner Matthew Gemello, M&A advisor to leading global technology companies. Matthew joins from Baker & McKenzie, where he was chair of the firm’s North America corporate and securities practice. He is based in Silicon Valley.

Matthew is the latest in a string of high-profile additions to Orrick’s global tech and innovation platform, including IP litigators Jared Bobrow and Clem Roberts, the cyber and privacy team of Doug Meal and Heather Egan Sussman, and tech capital markets advisor Bill Hughes.

LONDON (January 22, 2019) – Morrison & Foerster, a leading global law firm, is pleased to announce that Oliver s’Jacob has joined the firm’s London office as a partner in its global Private Equity Real Estate (PERE) practice. With the arrival of Mr. s’Jacob, Morrison & Foerster has expanded its global real estate practice to London, further strengthening its growing global offering. Mr. s’Jacob comes to Morrison & Foerster from Reed Smith, where he chaired their European Private Equity Real Estate practice. The addition of Mr.

Mayer Brown has announced that leading derivatives and fintech attorney Matthew Kluchenek has joined the firm as a partner. He will be based in the firm’s Chicago office.