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CMS advises LDC on high-profile acquisition |
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Date: 17/09/2010
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James Grimwood
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CMS advised LloydsTSB Development Capital (LDC), the private equity arm of Lloyds Banking Group, on its GBP 100m acquisition of Easynet, the global provider of managed solutions and business connectivity services, from British Sky Broadcasting Group plc ("BSkyB").
Led from London, by CMS Corporate partner James Grimwood, the high-profile deal required CMS local expertise in Corporate, Competition, TMT, Banking & Finance and Tax, with input from lawyers and tax advisers in Belgium, France, Germany, Italy, Netherlands, Spain, Switzerland and the UK.
Commenting on the transaction, partner James Grimwood says: “LDC is a longstanding client of the firm, and we were very pleased to have successfully advised them on this transaction. This deal, made possible due to the expertise across CMS, was not without its complexities, with significant cross border coordination required.“
Founded in 1994, Easynet has been a leader in highly sophisticated managed networks and hosting, and since it joined the BSkyB in 2006, it has grown by over 40 per cent. They service over 5,000 corporate customers, with owned operations in UK, Belgium, Netherlands, France, Germany, Italy, Spain, India, China and the US, and capabilities in over 190 countries.
Allen & Overy advised BSkyB.
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