DLA Piper

Financial Services Litigator Joshua Sohn Joins Crowell & Moring

Retrieved on: 
Monday, November 13, 2023

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Joshua Sohn has joined Crowell & Moring, bringing more than 25 years of experience as a litigator handling a wide range of commercial and regulatory matters, including complex disputes involving financial services, real estate, construction, and securities. Joining him is a team of nine lawyers—one senior counsel, three counsel, and five associates.

Key Points: 
  • NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Joshua Sohn has joined Crowell & Moring, bringing more than 25 years of experience as a litigator handling a wide range of commercial and regulatory matters, including complex disputes involving financial services, real estate, construction, and securities.
  • A first-chair trial lawyer, Sohn litigates cases and argues appeals in New York state and federal courts, as well as nationally.
  • As a securities litigator, he advises clients on SEC enforcement actions and investigations, federal securities class actions, and directors' and officers' liability cases.
  • "I was drawn to Crowell because of its authentic, collaborative culture and the opportunity to play a role in expanding its New York commercial and financial services litigation practice," Sohn said.

Boldyn Networks boosts 5G private networks strategy with agreement to acquire Cellnex's private networks business unit

Retrieved on: 
Friday, November 10, 2023

LONDON, Nov. 10, 2023 /PRNewswire/ -- Boldyn Networks (Boldyn), one of the largest shared network infrastructure providers in the world, has agreed to acquire Cellnex's private networks business unit. This largely includes EDZCOM, a Finnish pioneer and European market leader that designs, builds, and operates private 4G and 5G networks, predominantly for industrial clients in manufacturing, ports, oil and gas, energy generation, and mining. The agreement further advances Boldyn's private networks strategy and puts it at the forefront of driving digital transformations and industry 4.0 innovation.

Key Points: 
  • LONDON, Nov. 10, 2023 /PRNewswire/ -- Boldyn Networks (Boldyn) , one of the largest shared network infrastructure providers in the world, has agreed to acquire Cellnex's private networks business unit.
  • The agreement further advances Boldyn's private networks strategy and puts it at the forefront of driving digital transformations and industry 4.0 innovation.
  • Boldyn Networks is already behind complex private networks deployments around the world like Moray East, a wind farm supplying power to approximately 1 million homes in Scotland.
  • "Boldyn Networks is leading the way in bringing private networks to our customers so that they can meet all their operational and connectivity challenges", said Igor Leprince, Group CEO of Boldyn Networks.

Boldyn Networks boosts 5G private networks strategy with agreement to acquire Cellnex's private networks business unit

Retrieved on: 
Friday, November 10, 2023

LONDON, Nov. 10, 2023 /PRNewswire/ -- Boldyn Networks (Boldyn), one of the largest shared network infrastructure providers in the world, has agreed to acquire Cellnex's private networks business unit. This largely includes EDZCOM, a Finnish pioneer and European market leader that designs, builds, and operates private 4G and 5G networks, predominantly for industrial clients in manufacturing, ports, oil and gas, energy generation, and mining. The agreement further advances Boldyn's private networks strategy and puts it at the forefront of driving digital transformations and industry 4.0 innovation.

Key Points: 
  • LONDON, Nov. 10, 2023 /PRNewswire/ -- Boldyn Networks (Boldyn) , one of the largest shared network infrastructure providers in the world, has agreed to acquire Cellnex's private networks business unit.
  • The agreement further advances Boldyn's private networks strategy and puts it at the forefront of driving digital transformations and industry 4.0 innovation.
  • Boldyn Networks is already behind complex private networks deployments around the world like Moray East, a wind farm supplying power to approximately 1 million homes in Scotland.
  • "Boldyn Networks is leading the way in bringing private networks to our customers so that they can meet all their operational and connectivity challenges", said Igor Leprince, Group CEO of Boldyn Networks.

ASP Isotopes Inc. Enters Strategic Relationship With PET Labs Pharmaceuticals for the Distribution of Medical Isotopes

Retrieved on: 
Sunday, October 29, 2023

PET Labs is a South African radiopharmaceutical operations company dedicated to nuclear medicine and the science of radiopharmaceutical production.

Key Points: 
  • PET Labs is a South African radiopharmaceutical operations company dedicated to nuclear medicine and the science of radiopharmaceutical production.
  • PET Labs focuses on the production of fluorinated radioisotopes and active pharmaceutical ingredients.
  • PET Labs currently operates a single cyclotron in Pretoria, South Africa.
  • The primary objective of the relationship is to expand into frontier markets where there is an undersupply of radioisotopes used in medical imaging.

GCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon Ecosystem

Retrieved on: 
Friday, November 3, 2023

GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.

Key Points: 
  • GCT Semiconductor, Inc. (“GCT Semiconductor” or “GCT”), a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, and Concord Acquisition Corp III (NYSE: CNDB) (“Concord”), a special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that would result in GCT becoming a publicly traded company.
  • Upon closing of the proposed transaction, the combined company will operate as GCT Semiconductor and is expected to be listed on the NYSE under the ticker symbol “GCTS”.
  • We look forward to working with GCT to capitalize on this exciting market opportunity.”
    GCT Semiconductor is a leading supplier of highly integrated 4G LTE and 5G semiconductor solutions.
  • GCT has over 120 patents globally, engagements with multiple 5G partners, and proprietary Multi-antenna Modem and transceiver technology.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Responds to Hollysys’ Misleading and Alarming Statements Seeking to Disenfranchise Shareholders

Retrieved on: 
Tuesday, October 31, 2023

Buyer consortium (“the consortium”) led by Recco Control Technology Pte.

Key Points: 
  • Buyer consortium (“the consortium”) led by Recco Control Technology Pte.
  • Despite the valid request from shareholders representing significant ownership in the Company, Hollysys has to date refused to call a special meeting.
  • The consortium calls on the board of Hollysys to respect the rights of its shareholders and convene the special meeting immediately.
  • UBS AG Hong Kong Branch is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

Vantage Data Centers Completes €2.5 Billion Investment Partnership with Investor Consortium to Accelerate Growth in EMEA

Retrieved on: 
Monday, October 30, 2023

Vantage Data Centers, a leading global provider of hyperscale data center campuses, and a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group, Inc., (together the “Investor Consortium”) have completed a previously announced Investment Partnership in certain Vantage European data center assets.

Key Points: 
  • Vantage Data Centers, a leading global provider of hyperscale data center campuses, and a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group, Inc., (together the “Investor Consortium”) have completed a previously announced Investment Partnership in certain Vantage European data center assets.
  • View the full release here: https://www.businesswire.com/news/home/20231030759309/en/
    Vantage Data Centers’ Berlin I campus, which will total 56MW upon completion.
  • (Photo: Business Wire)
    The Investment Partnership initially consists of six stabilized data centers in strategic locations across Europe and is valued at approximately €2.5 billion (approximately $2.7 billion), including Vantage’s stake.
  • The additional capital raised from the Investor Consortium will be used to support the continued growth of Vantage’s EMEA data center platform.

TRAFiX Secures Strategic Growth Investment from Marlin Equity Partners

Retrieved on: 
Thursday, November 2, 2023

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- TRAFiX LLC ("TRAFiX" or the "Company"), a leading provider of order and execution management software ("OEMS") and FIX connectivity solutions for the global capital markets, today announced that it has secured a strategic growth investment from Marlin Equity Partners ("Marlin"). The transaction will enable the Company to advance its market position through rapid product development, support its expansion goals, and make continued investments in its people and talent.

Key Points: 
  • TRAFiX, a fast-growing capital markets software platform, plans to use the investment to accelerate product development for its global customer base
    NEW YORK, Nov. 2, 2023 /PRNewswire/ -- TRAFiX LLC ("TRAFiX" or the "Company"), a leading provider of order and execution management software ("OEMS") and FIX connectivity solutions for the global capital markets, today announced that it has secured a strategic growth investment from Marlin Equity Partners ("Marlin").
  • The growth investment from Marlin follows TRAFiX's successful acquisition of Integrated Transaction Systems Ltd. ("ITS"), a Canadian provider of capital markets connectivity and smart order routing solutions, which enabled TRAFiX to expand its presence in the Canadian markets.
  • Marlin's investment represents the first institutional capital raised by TRAFiX since its inception in 2013.
  • "This transaction represents an incredible growth opportunity for TRAFiX and positions our company to further advance our position within our core markets.

TRAFiX Secures Strategic Growth Investment from Marlin Equity Partners

Retrieved on: 
Thursday, November 2, 2023

NEW YORK, Nov. 2, 2023 /PRNewswire/ -- TRAFiX LLC ("TRAFiX" or the "Company"), a leading provider of order and execution management software ("OEMS") and FIX connectivity solutions for the global capital markets, today announced that it has secured a strategic growth investment from Marlin Equity Partners ("Marlin"). The transaction will enable the Company to advance its market position through rapid product development, support its expansion goals, and make continued investments in its people and talent.

Key Points: 
  • TRAFiX, a fast-growing capital markets software platform, plans to use the investment to accelerate product development for its global customer base
    NEW YORK, Nov. 2, 2023 /PRNewswire/ -- TRAFiX LLC ("TRAFiX" or the "Company"), a leading provider of order and execution management software ("OEMS") and FIX connectivity solutions for the global capital markets, today announced that it has secured a strategic growth investment from Marlin Equity Partners ("Marlin").
  • The growth investment from Marlin follows TRAFiX's successful acquisition of Integrated Transaction Systems Ltd. ("ITS"), a Canadian provider of capital markets connectivity and smart order routing solutions, which enabled TRAFiX to expand its presence in the Canadian markets.
  • Marlin's investment represents the first institutional capital raised by TRAFiX since its inception in 2013.
  • "This transaction represents an incredible growth opportunity for TRAFiX and positions our company to further advance our position within our core markets.

Kelly Enters Agreement to Sell European Staffing Business to Gi Group Holdings S.P.A.

Retrieved on: 
Thursday, November 2, 2023

The transaction is expected to close in the first quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.

Key Points: 
  • The transaction is expected to close in the first quarter of 2024, subject to receipt of required regulatory approvals and other customary closing conditions.
  • Under the terms of the agreement, Kelly will transfer its European staffing business within its International operating segment to Gi.
  • Kelly provides staffing services to customers in 14 countries across Europe.
  • "The sale of Kelly's European staffing business demonstrates our commitment to taking bold, transformative action to optimize our portfolio and maximize value creation," said Peter Quigley , president and chief executive officer.