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Rural broadband provider transfers to Gigaclear

01 Feb 2018

A team at Bevan Brittan led by Richard Hiscoke, has advised on the sale of the business of Buckinghamshire's rural broadband provider, Aylesbury Vale Broadband (AVB), to Gigaclear, the leading provider of full fibre broadband in rural locations. The deal will enable Gigaclear to serve the seven villages connected through AVB, as well as expand its existing ultrafast fibre-to-the-premises (FTTP) network further across Aylesbury Vale.

TAKKT acquires Equip4Work Ltd

01 Feb 2018

Travers Smith LLP has advised TAKKT AG on its acquisition of Equip4Work Ltd, a leading British online retailer for office furniture.

Equip4Work, which was founded in 2004, is based in Dumfries, Scotland, and specialises in the sale of office furniture such as desks, chairs and cabinets under its primary sales brand OfficeFurnitureOnline.

The company, which also sells warehouse and business equipment under the Equip4Work brand, generated £40 million in sales last year.

Schulte Advises Marlin Equity Partners in Bazaarvoice Inc. Acquisition

01 Feb 2018

Schulte represented Marlin Equity Partners in its acquisition of Bazaarvoice Inc., a provider of consumer-generated content, advertising and personalization solutions. Helping brands and retailers find and reach consumers, each month in the Bazaarvoice network more than one-half billion consumers view and share authentic consumer-generated content across 5,000 brand and retail websites. Under the terms of the agreement, Marlin acquired each share of outstanding common stock of Bazaarvoice in exchange for $5.50 in cash for a total value of approximately $521 million.

Simpson Thacher Represents Underwriters as Sole International Counsel in US$300 Million Notes Offering by Hankook Tire

01 Feb 2018

Simpson Thacher represented the underwriters, acting as sole international counsel, in the offering of US$300 million 3.5% Notes due 2023 by Hankook Tire Co., Ltd. The offering was conducted in reliance upon Regulation S under the U.S. Securities Act of 1933, as amended.

Hankook Tire Co., Ltd. is the largest tire manufacturer in Korea with global operations. Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank and J.P. Morgan Securities plc were joint bookrunners for the offering.

Simpson Thacher Represents Underwriters in $2.75 Billion Senior Notes Registered Offering by Sumitomo Mitsui Financial Group

01 Feb 2018

Simpson Thacher recently represented the underwriters in the SEC-registered offering by Sumitomo Mitsui Financial Group, Inc. (“SMFG”) of $2.75 billion aggregate principal amount of its senior notes in three tranches due 2023 (floating rate), 2023 and 2028 (fixed rate). SMFG intends the senior notes to contribute to its total loss-absorbing capacity (TLAC) when TLAC requirements are introduced in Japan.