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IT, business services and media sector - Our work 

Recent IT, business services and media sector transactions include advising:

  • Business Services

    • PwC as the administrators of Lehman Brothers in Europe

    • Ernst & Young on the groundbreaking integration of 87 of their country practices across Europe, the Middle East, India and Africa into a single organisational structure known as EMEIA

    • Deutsche Börse AG on German exchange group’s plan to merge with NYSE Euronext to create world’s largest company listings venue

    • Borse Dubai Ltd (as borrower, obligor’s agent and wakeel) on USD 2.5bn conventional & Islamic facilities with Dubai Group Ltd & Dubai Group LLC (as guarantors)

    • Adecco in connection with its acquisition through its Hong Kong subsidiary of a 49 per cent stake in a Shanghai-based human resource service company and consequently its joint venture with the state-owned shareholder

    • Lloyds TSB Bank plc in connection with Hays plc’s refinancing

  • IT/technology

    • Barclays Capital & Perella Weinberg Partners UK LLP on cash confirmation for Hewlett-Packard's £7bn takeover offer for Autonomy Corporation plc

    • Microsoft acquisition of Yahoo!'s Internet search and search advertisement business

    • BNP Paribas on the debut €2bn syndicated financing for Nokia Siemens Networks B.V., the JV of Nokia Corporation and Siemens AG

    • SEK 2.5bn Rights Issue with consortia of banks on behalf of Eniro, a leading directory and search company in the Nordic media market

    • Nippon Telegraph and Telephone Corporation on their £2.1bn offer to acquire Dimension Data Holdings

    • Infosys Technologies Ltd’s GBP £407.1m acq. of Axon Group plc, a UK listed SAP consultancy company (n.b subsequent rival bid from HCL)

    • Citigroup on syndicated revolving credit facility to refinance Lenovo's existing facilities & to finance Lenovo's general corporate purposes

    • Tatung Co. Ltd., a Taiwanese manufacturer of digital consumer products, home and industrial appliances, motors and energy-related products, on its $197.5m international IPO

    • Terra, Brazilian web portal (ultimate owner Telefonica) – advised on global limitations of content and foreign ownership in media and more specifically to internet broadcasting

  • Financial technology and electronic/mobile banking companies

    • Visa Europe in its strategic investment in Monitise, the technology company delivering mobile banking, payments and commerce networks worldwide

    • Visa International on the tax implications deriving from sale of its stake in Visanet under the context of its US$4.3bn IPO

    • Ingenico on acquisition of parts of the assets of BTG Europe SA, a Belgian Independent Sales Organization by Ingenico's German affiliate easycash GmbH

    • Experian on the sale of all its non-core French businesses (comprising its BPO and card processing businesses)

    • UBS AG in sale of captive service provider, UBS Service (India) Private Ltd, to Cognizant Technology Solutions India Private Ltd

    • Rakuten, Inc, Japan's largest e-commerce business, on the acquisition of Play.com

  • Media

    • DISH Network Corporation acquisition of video-rental merchant Blockbuster, Inc. in a bankruptcy court approved auction and sale under Section 363 of the U.S. Bankruptcy Code

    • Société Générale in recapitalization of Grande Communications Networks, which provides cable TV, telephone, broadband and other services in the State of Texas

    • Viacom Group on disposal of remaining 30% equity stake in Brazilian MTV (Abril Radiodifusão S.A.) to Abril Group, one of Latin America's largest media groups headquartered in Brazil

    • Intragroup reorganisation with Disney Enterprises, Inc - reorganisation of the Walt Disney group under an intermediate Luxembourg holding structure

    • Credit Suisse Securities (Europe) Limited and UBS Limited on the GBP 135m bond offering by ITV plc

    • Bertelsmann subsidiary, RTL Group S.A, in relation to its £100m sale of Channel   Five to Northern & Shell

    • ING Bank N.V on EUR904m acquisition and bridge facilities for Sanoma Oyj, the   Finnish listed media company, in its acquisition of the Benelux TV and print   operations of ProSiebenSat.1 Media AG

    • €500m rights issue by Gestevisión Telecinco, S.A., the leading Spanish private TV operator to finance a portion of the consideration for the acquisition of its competitor Cuatro and a minority interest in paid-TV operator Digital+

    • Orbit and the Mawarid Group on its U.S.$ 2 billion cross-border merger with Showtime Arabia, one of 2009’s landmark EMEA transactions

    • JDB Holdings Ltd in sale of a 60% stake in Jobs DB Inc to SeekAsia Ltd, the entity established by Seek Ltd, Consolidated Media Holdings Ltd, Macquarie Capital & Tiger Global

    • Square Enix Holdings Co Ltd on its GBP 84.3m takeover of Eidos, the international video games and publishing business

    • Nomura Securities Co Ltd on USD 1.2bn Nasdaq IPO by Shanda Games Limited, the leading online games operator in China

    • Khazanah Nasional Berhad and Pinewood Shepperton plc, through their respective SPVs, entered into a suite of agreements (including a studio management services agreement, and a trade marks licence agreement) to  develop a media production facility in Malaysia

    • Citigroup Global Markets Limited on the £112.7 million recommended cash offer by Pearson plc for Education Development International plc