Clifford Chance has advised the British Business Bank and the Department for Business, Innovation and Skills (BIS) in connection with the establishment of the British Business Bank's innovative ENABLE Funding programme and its first transaction - a £100 million facility to Hitachi Capital (UK) plc.
Setterwalls has advised Priveq Investment Fund IV in connection with its investment in 21 Grams AB, a company that offers postal management, both physical and digital, to corporate customers in the Nordics. The team was led by Mattias Detterfelt and Linn Jonsson primarily assisted by Henrik Kjellander, Lovisa Nellevad and Tobias Öd. Kristina Einarsson has assisted Priveq with the financing of the acquisition, and Malin Albert and Mikael Rydkvist with the competition filing in Sweden.
With a team led by Dr. Peter Ladwig and Dr. Hermann Ali Hinderer, LL.M., both Partners at the commercial law firm's Stuttgart office, Heuking Kühn Lüer Wojtek legally advised TNI medical AG comprehensively on its current funding round. Prior to negotiating the participation contracts and shareholder agreements as well as preparing the capital in-crease in detail, the team had also advised on corporate law measures to restructure the holding relationships of existing shareholders.
Norton Rose Fulbright has advised Nigeria’s largest mobile payment company Paga on its latest financing round.
The $13m Series B financing was led by Adlevo Capital. Other institutional investors in this round include Omidyar Network, Goodwell West Africa, Acumen Fund, and Capricorn Investment Group. Also joining the list of individual investors in Paga is Jeremy Stoppelman, co-Founder and CEO of Yelp and one of the early team members at PayPal.
DLA Piper has advised Mobile Ventures GmbH on the Series A round financing for PipesBox GmbH. This is the second round of financing for PipesBox after bridge financing had been successfully supported by DLA Piper at the end of 2014. Technologiefonds MV GmbH acted as a co-investor.
Mobile Ventures GmbH is the corporate venture capital company of Drillisch AG and invests in start-ups as well as high-growth companies and, in addition to financing, provides access to markets and know-how in the fields of mobile, internet and online marketing.
Noerr has advised the British company Interconnector (UK) Ltd. (“Interconnector”) on a strategic investment in the European gas market. Interconnector operates a natural gas connection between the UK and continental Europe. With the assistance of a Noerr team led by the Berlin-based partners Dr. Tibor Fedke and Dr. Christoph Spiering, Interconnector has now acquired a strategic interest in the leading gas trading platform Prisma European Capacity Platform GmbH.
Shoosmiths has advised Murray Hennessy on his appointment as non-executive chairman of TGI Fridays UK and his investment in the group.
Mr Hennessy brings to the TGI Fridays Group a wealth of Board-level experience and an impressive track record of delivering growth in consumer-facing industries. He was Chief Executive of Trainline.com, the UK's leading online train ticket retailer, from 2008 to 2014.
Hogan Lovells is pleased to announce that a trans-pacific Corporate practice team advised Unisplendour Corporation, a leading Chinese information technology company, on its agreed US$3.8 billion investment in Western Digital Corporation (NASDAQ: WDC), a U.S. computer data storage company and one of the largest computer hard disk drive manufacturers in the world.
The Hogan Lovells cross-border multidisciplinary team was led by Beijing corporate partners Jun Wei and Steven Robinson and Washington corporate partners Liz Donley, Warren Gorrell, and Glenn Campbell.
King & Wood Mallesons advised Montana Capital Partners (mcp) on the first and final closing of its highly oversubscribed mcp Opportunity Secondary Program III, raising more than € 400 million in commitments.
Just as its predecessor funds, the third fund concentrates on mcp’s successful investment strategy in niche segments of the private equity secondary market. In particular, the fund’s focus is on secondary transactions in co-investments, fund of funds and small and mid-market transactions, of up to € 30 million.
DWF has advised the shareholders of Entertainment Magpie Limited (musicMagpie.co.uk), in connection with NVM Private Equity’s significant development capital investment in the business, enabling Europe’s most popular recommerce website to support its growth plans both in England and the US. DWF’s national corporate team has advised on a number of deals in the technology sector over the last year, including advising Capita on its acquisition of IT companies Electranet and Barrachd, and advising Equinity on the acquisition of TransGlobal Payment Solutions.