O’Melveny represented Cedexis, a real-time, data-driven service for dynamically optimizing the flow of traffic across CDNs, ISPs, public clouds, and datacenters, in its acquisition by Citrix, which offers integrated technology services for secure delivery of apps and data.
Deal represents the largest European buyout to date in 2018.
Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, has announced that its third equity fund, Global Infrastructure Partners III, has agreed to acquire 100 percent of the equity interest of Italian railway operator Italo – Nuovo Trasporto Viaggiatori S.p.A. (Italo) for Euro 1.94 billion in cash.
Davis Polk advised the administrative agent and joint lead arrangers in connection with the repricing of the $1.342 billion term loan facility and the $75 million revolving loan facility for Cision Ltd. The repricing accomplished a 100 basis point reduction in the applicable margin on the U.S. dollar-denominated term loans and a 75 basis point reduction in the applicable margin on the Euro-denominated term loans and on the U.S. dollar revolving credit facility.
A Frankfurt-based team of Arnold & Porter attorneys advised Equine Clinic Grosswallstadt on its sale to Altano Gruppe GmbH (Altano), a portfolio company of Ufenau Capital Partners.
Arnold & Porter advised long-time client Novartis on its recent licensing agreement with Spark Therapeutics. The licensing agreement covers development, registration and commercialization rights to voretigene neparvovec in markets outside the US. Voretigene neparvovec, known as Luxturna in the US, received FDA approval on December 19, 2017 as a one-time gene therapy to restore functional vision in children and adult patients with biallelic mutations of the RPE65 gene. Currently there is no existing therapy for this disease outside the US.
Baker McKenzie advised Cleverciti Systems GmbH on a 10 million euros growth funding round. New investor EnBW New Ventures joined the existing lead investor SPDG to support the international growth of Cleverciti Systems, a smart parking specialist.
Baker McKenzie advised Cleverciti Systems on all legal aspects of the transaction.
Baker McKenzie represented Severgroup, a company managing investments on behalf of Mr. Alexey Mordashov, in connection with the acquisition of a controlling share in the capital of AVA-Peter Ltd., the owner of the “AVA-Peter” and “Scandinavia” clinics.
The Baker McKenzie team was led by Moscow partner Sergey Krokhalev with key input from associates Robert Gray, Igor Kungurov, Fedor Mukhodanov and Roman Ishmukhametov.
International law firm McDermott Will & Emery advised TransDigm Group Inc. on all German legal questions regarding the sale of all the company’s shares of SCHROTH Safety Products GmbH as well as of SCHROTH Safety Products LLC to Munich-based Private Equity company, Perusa.
International law firm McDermott Will & Emery advised a bank consortium consisting of Joh. Berenberg, Gossler & Co. KG und equinet Bank AG on a capital increase of ProCredit Holding AG & Co KGaA. 5,354,408 newly issued shares were placed with qualified investors by way of an accelerated book-building process at a price of EUR 11.40 per new share, resulting in gross proceeds of approx. EUR 61 million. The company’s shares are traded on the Prime Standard segment of the Frankfurt Stock Exchange.
Davis Polk is advising a major creditor and backstop party in the $20 billion restructuring of Brazilian telecommunications provider Oi S.A. Oi’s Recuperação Judicial (a proceeding under Brazil’s bankruptcy law) is the largest court-supervised restructuring ever to take place in Latin America. In addition to the proceedings in Brazil, Oi is also subject to chapter 15 cases in the United States and ancillary proceedings in other foreign jurisdictions.