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Olswang advises online gaming company 32Red on Kindred Group's £175.6m offer
International technology, media and telecoms law firm Olswang is advising AIM-listed online gaming company, 32Red, on the recently announced recommended offer by Kindred Group plc, one of the largest online gambling companies in the world.
Kindred's offer of 196 pence per share values 32Red at £175.6m and is to progress by way of a takeover offer. 32 Red is also being advised by financial advisers, Numis.
Founded in 2002, 32Red is based in Gibraltar and operates online casino, online poker, online bingo and online sports betting under the brands 32Red.com, 32RedPoker.com, 32RedBingo.com and 32RedSport.com. In 2015, 32Red acquired the Roxy Palace online casino business.
Olswang Corporate Partner Rob Willis is leading the team, assisted by Tom Jameson and Tim Watkins (corporate); Andy Quayle and Cathy Merry (Share Schemes); David Zeffman and Anna Soilleux-Mills (Gambling Regulatory); and Ruth Marken (Finance).
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Olswang named 2017 Global Outsourcing 100® company by IAOP®
The International Association of Outsourcing Professionals® (IAOP®) has for the fourth year in a row named international technology, media and telecoms law firm Olswang a Global Outsourcing 100® company. The firm is also included in The World’s Best Outsourcing Advisors list, a subset of the overall roster that recognises the world’s top 20 outsourcing advisors and consultants.
The 2017 Global Outsourcing 100 and The World's Best Outsourcing Advisors recognise the world’s best outsourcing service providers and advisors. These lists are based on applications received, and judging relies on a rigorous scoring methodology that includes a review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organisations.
Olswang's award-winning Technology and Sourcing team advises multinational companies such as BP, Marks & Spencer and Unilever on an array of complex and strategic outsourcing and procurement transactions.
Olswang Partner Dominic Dryden commented: “It is an honour to be ranked yet again in the IAOP’s World’s Best Outsourcing Advisors list. Receiving this accolade for the fourth year running is a testament to the depth and strength of our practice and the value we help our clients deliver. The past year has seen Olswang advise on a number of transformational and ground-breaking sourcing and procurement transactions, and my thanks go to our whole team for their hard work, dedication and performance."
IAOP CEO Debi Hamill said: “Buyers understand there are hundreds of qualified service providers and advisors out there, but what they really need to understand now is what makes each one exceptional. The Global Outsourcing 100 and World's Best Advisors lists have done just that. We are proud to recognise Olswang for being among the highest rated companies in this industry."
In addition to being named a 2014, 2015, 2016 and 2017 Global Outsourcing 100® company and included on The World’s Best Outsourcing Advisors, Dominic Dryden was included in the 2015 The Lawyer Hot 100 list for his seasoned expertise and high-profile work. Olswang’s Sourcing team was also voted Outsourcing Advisory of the Year in 2013 by the European Outsourcing Association. The team was also shortlisted in 2015 in the NOA’s Innovation category and in 2016 by the British Legal Awards for 'Commercial Team of the Year'.
Visit the Olswang website for more information on the firm’s Sourcing expertise and partners.
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Olswang advises Content Media Corporation on its sale to Kew Media Group
International technology, media and telecoms law firm Olswang has advised London and LA-based film, television and digital sales company Content Media Corporation Plc (CMC) on the sale of its entire issued share capital to Kew Media Group Inc, a Canadian special purpose acquisition corporation focused on the media sector. The deal is expected to complete in March.
The deal sees Kew Media take 100% ownership of CMC along with five other acquisitions totaling US$104m. Kew will also acquire the following CMC controlled production companies: Alex Gibney’s Jigsaw Productions, Campfire Film & Television, Collins Avenue Productions, Finland’s Aito Media and Spirit Digital Media.
CMC recently sold projects such as Sundance premiere Cries From Syria and distributed BBC police drama Line of Duty.
Corporate Partner Paul Blackmore commented: "Having acted for Content for over 15 years it was a pleasure to advise the Company on its sale to Kew Media Group. This is part of a significant acquisition in the content media space, and we look forward to supporting Content on this wider platform with Kew Media."
Paul Blackmore led the Olswang team, which comprised Corporate Senior Associates Theo Godfrey and Nicole Gyring-Nielsen, Corporate Associate David Wood, Tax Partner Mark Joscelyne, Share Schemes Partner Andrew Quayle, Share Schemes Legal Director Catherine Merry and Trainee Dave Johns.
Olswang's Media practice is consistently ranked in the top tier of leading legal directories Chambers & Partners and The Legal 500.
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Olswang leads in advising Tim Hincks and Peter Fincham on launch of Expectation
International technology, media and telecoms law firm Olswang has acted as lead legal advisor on the launch of Expectation – a new independent TV production company created by former Endemol Shine Group President Tim Hincks and ex-ITV Director of Television Peter Fincham.
Expectation launches with six departments across scripted and non-scripted programming including drama, comedy, factual entertainment, entertainment, reality and factual.
After advising on the structuring of the business, the firm went on to advise the founders of Expectation on BBC Worldwide's minority investment into the company. The company also engaged corporate financier Jonathan Norman at Stella Advisors on the investment.
Olswang Senior Partner Mark Devereux commented: "It was a privilege and a delight to work with Peter and Tim on the launch of their new production company. They are two of the most experienced and successful television executives in the business with outstanding track records and together they are going to be unstoppable. We're pleased to have supported them in the financing of the business and we look forward to working with them as the company flourishes in the years to come."
Led by Corporate Partner Nick Crosbie and Senior Partner Mark Devereux, the Olswang team comprised: Share Schemes Partner Andy Quayle, Finance Partner Ruth Marken, Employment Partner Melanie Lane, IP Partner Sarah Wright, Corporate Associate Patrick Peake, Employment Senior Associate Hannah Netherton, IP Associate Sam Omar and Trainee Susannah Parry.
The firm has an unparalleled standing in the international media industry, both for its sector knowledge and long-standing client base in the TV, film, music and advertising industries.
Olswang's Media practice is consistently ranked in the top tier of leading legal directories Chambers & Partners and The Legal 500.
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Olswang advises All3Media on its acquisition of Two Brothers Pictures
International technology, media and telecoms law firm Olswang has advised leading independent television, film and digital production and distribution company All3Media on its acquisition of UK production company Two Brothers Pictures.
Two Brothers Pictures was established in 2014 by writers and producers Harry and Jack Williams, and joined in 2016 by Chief Operating Officer Claire Evans. It produces high quality, critically acclaimed drama and comedy both in the UK and internationally, including breakout comedy Fleabag, and has recently announced a raft of new commissions including: Liar, a major six part thriller for ITV; Rellik a time-jumping murder mystery co-production with New Pictures for BBC One; and Hong Kong-based conspiracy thriller White Dragon for ITV, among others.
All3Media International is the distribution partner for Two Brothers Pictures.
All3Media General Counsel Donall Crehan commented: "This is an important transaction for All3Media and we are excited to welcome Harry, Jack and Claire to the group. We are grateful to Paul and the wider Olswang team for ensuring a smooth process; once again the combination of their corporate experience and media sector insight proved invaluable."
Corporate Partner and Co-Head of the firm's Media practice Paul Guite commented: "It was a delight to work with the All3Media team on the acquisition of Two Brothers Pictures. Their quality portfolio of existing and upcoming drama and comedies will be an excellent addition to the All3Media family."
Paul Guite led the transaction from Olswang along with Commercial Partner and Co-Head of Media Victoria Gaskell and Tax Partner Mark Joscelyne with assistance from Corporate Associate Jennifer Lloyd.
Read more about Olswang’s international legal practice on the firm’s website.
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Olswang advises Unilever on a 'first of its kind' global cloud project
International technology, media and telecoms law firm Olswang has advised consumer goods giant Unilever on a 'first of its kind', global cloud project which will transform the way Unilever's Customer Development function operates.
The new solution is essentially a collaboration between Tier 1 vendors Accenture and salesforce, where Accenture will make its trade promotion and retail execution software engines available to Unilever over salesforce's force.com platform. The deal is driven by Unilever's desire for global standardisation, thereby reducing the need for local customisation, and therefore reducing cost. So valued by Accenture is Unilever's participation that they have appointed Unilever as a charter client in the consumer products field, which will provide Unilever with the opportunity to influence Accenture's technology roadmap and reduce the need for customisation even further.
Unilever's General Counsel for ETS Glenn Quadros commented: "This is a unique deal within my portfolio as it combines so many facets into one integrated contract. It involves new ways of working for Unilever, such as agile and DevOps, and Olswang's experience of contracting for these was key to ensuring we were properly safeguarded. My thanks to the Olswang team for their fantastic support in getting this transformative deal delivered."
The Olswang team was led by Technology Partner Dominic Dryden and Legal Director Suparna Bhattacharjee.
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