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SAP acquires French chatbot start-up Recast.ai

01 Feb 2018

Baker McKenzie has advised SAP, the German software giant which specializes in software and services for businesses, in the context of its acquisition of the start-up Recast.ai.

This transaction will allow SAP to complete its machine learning service offering and is part of the €2 billion investment plan to promote innovation in France which was launched by the software publisher in January 2018.

Slaughter and May is advising Palamon Capital Partners on its acquisition of Thomas International

01 Feb 2018

Slaughter and May is advising Palamon Capital Partners on its acquisition of a majority stake in Thomas International, a leading international provider of psychometric assessment solutions, with a focus on the small and medium-sized enterprise market with 81 offices in 58 countries.

Palamon Capital Partners is a private equity partnership focussed on providing equity for European growth services companies.

Contacts

Slaughter and May had advised Stelux Holdings in relation to its disposal of its optical retail, optical wholesale and related healthcare businesses in Asia

01 Feb 2018

Slaughter and May has advised Stelux Holdings International Limited (Stelux) in relation to the strategic disposal of its optical retail, optical wholesale and related healthcare businesses in Hong Kong, Macau, the PRC, Singapore, Malaysia and Thailand to Mr. Chumphol Kanjanapas (also known as Joseph C.C. Wong).  Joseph C.C. Wong is Stelux’ Chairman, CEO and controlling shareholder.  The base consideration for the disposal is HK$400 million.

Life-Space Group owners acquired by BY-HEALTH Group

01 Feb 2018

Baker McKenzie has acted for privately-owned Australian probiotic market leader Life-Space Group owners having entered into a binding agreement for the sale of 100% of its shares to China-based BY-HEALTH Group (BY-HEALTH).

The transaction is subject to customary shareholder and regulatory approvals and implies an enterprise value for Life-Space Group of up to AUD $690 million.

Simmons & Simmons JWS advises NSI Ventures and Aviva Ventures on investment into health-tech startup Biofourmis

01 Feb 2018

Simmons & Simmons JWS has advised NSI Ventures and Aviva Ventures on a US$5m Series A investment into Biofourmis Pte. Ltd., a health-tech company based in Singapore.

Biofourmis has developed a sophisticated health analytics platform which utilises artificial intelligence in analysing data to predict a medical patient’s health. If the patient’s health is deteriorating, the platform alerts medical professionals to intervene before a critical event.

Freshfields advises Prudential on US$151m sale of Prudential Vietnam Finance

01 Feb 2018

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Prudential Holdings Limited (‘Prudential’), a subsidiary of Prudential plc, on its US$151m auction sale of 100 per cent of Prudential Vietnam Finance Company Limited (‘Prudential Vietnam Finance’), a Vietnam-based consumer finance business, for US$151m.  The purchaser is Shinhan Card Co. Ltd., a subsidiary of the Shinhan Financial Group (a leading Korean financial institution), and the sale is subject to regulatory approvals.

Dentons advises Georgia’s #1 telecom Silknet on US$153 million acquisition of Geocell

01 Feb 2018

Dentons successfully advised Silknet, Georgia’s largest fixed-line telecommunications company, on the acquisition of Geocell, the second-largest mobile operator in the country. The value of the acquisition was US$153 million.

The acquisition, announced on January 26, 2018, will create the integrated telecom operator in Georgia, combining the broadband, pay TV and fixed line operations of Silknet with the mobile telecommunication activities of Geocell. The acquisition is expected to be completed in the second quarter of 2018 after regulatory approvals.

White & Case Advises on 150 MW Solar Farm in New South Wales, Australia

01 Feb 2018

White & Case LLP has advised Neoen on the development and project financing of the 189MWp Coleambally Solar Farm in New South Wales.

"It was remarkable that Neoen was able to achieve financial close in less than a year from initial site selection; the largest financing of a solar farm in NSW, and Neoen's largest solar farm in Australia to date," said White & Case partner Ged Cochrane, who led the Firm's deal team. "We continue to support Neoen in delivering innovative, emissions-free renewable energy projects throughout Australia."