Fried Frank acted as counsel to Permira Funds in its definitive agreement to acquire Cisco's Service Provider Video Software Solutions (SPVSS) business for an undisclosed sum. The new company will encompass a broad portfolio, including Cisco's Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups. Cisco will retain the video and media technology related to its core business in networking, multi-cloud, security, data, and collaboration.

Fried Frank advised RoundShield Partners LLP (“RoundShield”) on the successful raising of its third European special opportunities fund. The fund was almost three times oversubscribed and closed at its hard cap of €500 million within three months of launch. RoundShield now advises approximately $1.4 billion across three funds and several co-investment vehicles. Commitments were made primarily by existing institutional investors from the United States, the United Kingdom, and Europe.
 

Dechert LLP is advising Coveris Holdings S.A., a premier global packaging manufacturer, in connection with the sale of its Global Rigid Business (“Global Rigid”) to Lindsay Goldberg LLC for a total consideration of €700 million. The proposed sale is subject to customary regulatory approvals. 

Coveris is a portfolio company of Sun Capital Partners. Upon a completion of the proposed sale, Coveris will be fully focused on the flexibles markets with 25 strategically located manufacturing facilities across five countries and over 3,800 employees. 

Loyens & Loeff advised Highbrook, private equity real estate investors, on the acquisition of the Mesdag Delta portfolio consisting of 56 properties with a total surface 456,000 sqm. The properties entail some striking monumental buildings in the Amsterdam city centre, light-industrial and large shopping centres throughout the Netherlands.

Contacts

    Lonne Rooseboom
    Mila Plasmans
    Bastiaan Cornelisse
    Michel van Agt
    Paul Kerckhoffs

Heuking Kühn Lüer Wojtek comprehensively advised the shareholders of Leipzig-based company FIO Systems AG on the sale and partial contribution of all their shares to Hypoport AG. As part of the transaction, some of FIO SYSTEMS AG’s existing shareholders will assume Hypoport AG shares as part of a non-cash capital increase using authorized capital at Hypoport AG.
 

Covington advised Elbit Systems Ltd. in its $120 million acquisition of the assets and operations of the privately owned U.S. company, Universal Avionics Systems.

Elbit Systems is an international high technology company engaged in a wide range of defense, homeland security, and commercial programs throughout the world.

Universal Avionics is a developer and manufacturer of commercial avionics systems for the retrofit and forward-fit market, for a wide range of fixed and rotary aircraft types.

Baker McKenzie acted as legal adviser to National Australia Bank Limited (NAB) in its role as sole arranger and as legal adviser to the syndicate of Joint Lead Managers (which included Crestone Wealth Management, Morgan Stanley, Morgans Financial, Wilsons Corporate Finance, Ord Minnett and Taylor Collison) on the floatation of the L1 Long Short Fund as a listed investment company on the ASX.

The Fund successfully raised A$1.35 billion, making it one of the largest ever investment fund flotations in Australia.

Baker McKenzie advised National Australia Bank Limited (NAB) as sole lead manager and as initial subscriber on the issue of A$50,000,000, 7.25% fixed rate unsecured notes, due 2022, by Afterpay, the ASX-listed retail technology company. Afterpay is a technology driven payments company comprising of Afterpay and Touch products and businesses, with currently approximately 1.8 million customers and over 14,000 retail merchants using Afterpay products.

Leading global law firm Baker McKenzie has advised Mövenpick Group ("Mövenpick") and Kingdom Holding Company ("Kingdom") on their sale of Mövenpick Hotels & Resorts to AccorHotels.

Mövenpick Hotels & Resorts is one of the world’s most reputable upscale hotel management companies with more than 20’000 rooms. It has plans to open an additional 42 hotels by 2021, adding a further 11,000 rooms to its portfolio.

Charles Russell Speechlys has advised client Rockpool Investments on their investment into training and skill development company, Interact.

Interact offers “practice-based learning” designed to accurately reflect workplace scenarios. Its courses are delivered by theatre-trained actors and are used for leadership development, staff engagement and competence assessment. The company supplies training to institutions such as London Business School and Harvard Business School and has worked with clients including Google, BT and Transport for London.