Macfarlanes has advised Aberdeen Standard Investments on its 50:50 joint venture with 21 Partners, a European investment fund founded by Alessandro Benetton. The joint venture company will be called 21 Aberdeen Standard Investments Limited (21ASI).
Osborne Clarke has advised N26 GmbH, on the closing of its series C $160 million financing round. The financing round was co-led by Allianz X, the digital investment unit of Allianz Group, and Tencent Holdings Ltd., a leading provider of internet value-added services in China.
The funding represents the largest equity financing round (non IPO) in the fintech industry in Germany to date and one of the largest in Europe. The funding will be used toward N26’s overall growth strategy and international expansion, particularly into the US and UK.
International legal practice Osborne Clarke has advised online furniture and homewares retailer, MADE.COM on its £40 million equity funding round. The equity round was backed by existing investors Partech Ventures, Level Equity and Eight Roads Ventures as well as a new tier-one global institutional investor.
International law firm Pinsent Masons is advising Fenner PLC, a world leading engineering firm based in Hessle, Yorkshire, on a recommended cash offer by Michelin, the global leader in tyre manufacturing.
The offer values the shares of Fenner at approximately £1.2bn on a fully diluted basis.
Slaughter and May advised Michael Chambers / Orbach & Chambers Holdings Limited on the sale of Chambers & Partners to the global private equity firm Inflexion.
Founded by Michael Chambers in 1990, Chambers & Partners provides rankings of and research on over 80,000 lawyers and law firms in 185 jurisdictions worldwide, and is considered a definitive guide to the legal profession used by clients and law firms.
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National law firm Shoosmiths has advised on mid-market investor Tenzing's multi-million pound investment into the leading global provider of software solutions for the automotive industry, CitNOW.
Representing CitNOW's CEO Alistair Horsburgh and its management team, the deal was led by Shoosmiths corporate partner Alastair Peet and supported by corporate senior associate Sarah Thawley. The investment will help CitNOW to accelerate its sales growth and to develop new products.
TLT has advised long-standing client Sussex Place Ventures, a London-based venture capital investor, on its further investment in Kimble Applications alongside Accel-KKR, a leading Silicon Valley investment firm.
Kimble Applications is one of the world’s leading professional services automation (PSA) providers. Its PSA software is the first to integrate augmented intelligence, allowing customers to identify patterns in performance data and recommending likely remedies.
Travers Smith LLP has advised the management team of Time Inc UK on the acquisition by Epiris of the UK arm of Time Inc from Meredith Corporation.
The Travers Smith team was led by Private Equity Senior Counsel Alex Dixon, who was supported by Tax Partner Hannah Manning, Tax Senior Associate Silvana Van der Velde and Employment Associate Will Dixon.
The deal value is confidential.
Travers Smith LLP has advised the senior executive team of Canopius in relation to the negotiation of their equity terms as part of its acquisition by a private equity consortium led by Centerbridge Partners, L.P., which includes private investment firm Gallatin Point Capital LLC.
King & Wood Mallesons (KWM) has advised DBS on its first Tier 2 capital offer denominated in Australian dollars, with the Singapore-based bank offering A$750 million of subordinated notes due 2028.
The issue is under the bank’s global medium-term notes program valued at US$30bn, with to be used for the finance and treasury activities of DBS - including the provision of intercompany loans, or other forms of financing to DBS Bank and its subsidiaries.
The KWM team was led by Partner Philip Harvey, supported by Senior Associate Angela Chung.