Technology – Asia

Recent high profile Asia-related technology acquisitions we have advised on include:

• £24.3 billion – Softbank’s acquisition of ARM Holdings. This was one of the biggest technology deals of 2016 and the biggest ever in the UK. We advised ARM Holdings

• US$23 billion - India’s merger with which has created India’s largest and data services provider. We advised

• US$8.6 billion – A Hong Kong listed operator of the largest standalone messaging app, on its acquisition of Finnish game developer Supercell Oy. We advised

• US$2.9 billion - Alibaba, the world’s largest online and mobile commerce company, on a 36.16% stake in Hong Kong-listed Sun Art Retail Group, an operator of hypermarkets and e-commerce platform in the PRC. We advised Alibaba

• US$2.6 billion - the privatisation, through wholly-owned subsidiary Alibaba Investment Limited, of Intime Retail, together with Intime International Holdings as joint offerors. We advised Alibaba Key technology experience for financial institutions and global technology and telecoms companies in Technology Asia and internationally includes advising:

We advise a diverse range of clients in Asia on • Digital technology and helping clients understand • , on many strategic and important – the ongoing Article 102 investigation by the full spectrum of technology matters. We are the opportunities and address the risks associated projects, including in relation to: the European Commission. This was an familiar with the particular challenges facing those with engagement in these areas extremely high profile case and raised a – the competition law aspects of its US$1.1 involved in the technology sector and provide number of interesting issues in relation • The full spectrum of cyber security issues, billion acquisition of certain assets of HTC to the application of the law on abuse of organisations with strategic, innovative and Corporation (HTC) related to the design, helping organisations understand and mitigate dominance to Google’s business commercial advice in areas such as: engineering, certification and testing of cyber risks and preparing for and responding to . In particular, Google acquired on the £24.3 billion acquisition of its entire cyber breaches • ARM • Mergers and acquisitions, capital markets certain assets of HTC, including employees issued and to be issued share capital by Japanese and a non-exclusive licence for intellectual multinational corporation, and private equity transactions which require • All aspects of data protection compliance, property rights of HTC. Announced on SoftBank Group, the offer of which was specialist technology input or are associated from data processing arrangements to the 21 September 2017, the transaction announced on 18 July 2016. ARM is the world’s with technology design and implementation of complex multi- continues the decade-long strategic leading intellectual property jurisdictional data strategies relationship between Google and HTC around supplier and SoftBank is one of the leading • Fintech, advising a range of clients who are the development of premium smartphones. operators and investors in the global technology, developing, procuring, or investing in, financial • E-commerce strategies, law and regulation, The transaction also represents a significant and sectors. This was one of the technology. Our clients range from established including we bsite terms and conditions, investment by Google in Taiwan as a biggest technology deals of 2016 and the biggest financial institutions and global technology and content and liability issues and e-commerce key innovation and technology hub. The ever in the UK telecoms companies, to investors and start- and data protection regulation transaction received clearance from the • Vodafone India on their US$23 billion merger ups who are supported across the full Fintech Taiwan Fair Trade Commission and was • Competition issues arising in the technology with Idea Cellular which has created India’s spectrum and advised on the interplay between completed in January 2018 sector including both merger and conduct largest mobile telephony and data services developments in the fields of technology, data investigations in the sector by national regulators – setting up in Hong Kong and advice on provider which, combined, will have almost exploitation and financial regulation Hong Kong and PRC competition law issues 400 million customers and 35% customer and • Financing and tax issues for our technology clients 41% revenue market share • Intellectual property related technology issues – acquisition of Skype Technologies • Zhong An Online P&C (Zhong An), including patent disputes. We have played an • Technology disputes, both before any formal – the UK merger control processes related China’s first internet insurance company, in its innovative role in developing competition law dispute has arisen and after proceedings have to acquisition of Waze Mobile by Motorola first round of fundraising which raised RMB5.775 defences to patent infringement actions been issued Mobility Holdings billion (US$931.3 million) by investors , CICC, CDH Investments, SAIF Partners and Keywise Capital, valuing Zhong An at US$8 billion. Co-founded in 2013 by Holdings, Tencent Holdings and , Zhong An is 16% owned by Ant Group, an affiliate of Alibaba Group, and 12% Slaughter and May is best known for owned by each of Ping An and Tencent. Zhong An its work in M&A and the equity capital is the first internet insurer to obtain a license to Slaughter and May provides markets where it focuses on high-end operate in China which was issued by the China services of high quality. It has an Insurance Regulatory Commission in September mandates. It is a stable choice as the firm encyclopaedic knowledge of our 2013. This was one of the biggest fundraisings by has no hourly or billing targets for its lawyers business and the contractual and a Chinese financial-technology company in 2015 and takes a multi-specialist approach to regulatory regime we operate in. develop well-rounded lawyers and a collegiate culture. Capital Markets – IFLR 1000 Asia Pacific 2016

IFLR 1000 ASIA-PACIFIC 2018

Their standards are quite high – very, very good quality people, just incredible.

Corporate/M&A (Asia) - Chambers Asia 2016

2 Technology – Asia / / Technology – Asia 3 • Alibaba Group in relation to: the US$1.15 billion A round financing of Ping An – as placing agent, in relation to the HK$156 • Semiconductor International Healthcare Technology. Ping An Good Doctor is million secondary placing and sale of shares Corporation (SMIC) in relation to its US$1.9 – its US$2.9 billion stake in Hong Kong-listed Sun the world’s leading healthcare portal in terms in Tian Ge Interactive Holdings Limited held billion global offering and dual listing on the Art Retail Group, an operator of hypermarkets of traffic, with over 190 million registered users by IDG-Accel China Growth Fund II L.P. and Hong Kong and New York Stock Exchanges, and and e-commerce platform in the PRC and more than 30 million monthly active users. IDG-Accel China Investors II L.P. The placing on its various equity and debt fund raisings, – its US$2.6 billion privatisation, through its Ping An Good Doctor was listed on the Hong and sale of shares represents approximately including the placing of shares, preference shares wholly-owned subsidiary Alibaba Investment Kong Stock Exchange on 26 Apr 2018. Ping An 23.11% of the issued share capital of Tian and/or convertible bonds to Datang Telecom Limited, of Intime Retail (Group) Company Healthcare Technology’s business covers 800 Ge Interactive Holdings Limited and was Technology & Industry Holdings, China Investment Limited (Intime), together with Intime million people across 70% of the cities in China. undertaken by way of an accelerated book Corporation and China National IC Fund as well International Holdings Limited as joint offerors It provides comprehensive healthcare and building process to institutional investors. Tian as new share placings, top-up placing of shares business insurance management services such Ge Interactive Holdings Limited operates live (which involved the placing of existing shares – its HK$2.06 billion acquisition of the media as expense control service, actuarial service, social video platforms and mobile and online and top-up subscription of new shares) and convertible bonds to institutional investors business of SCMP Group Limited, a company healthcare insurance account service, medical games and is listed on the Main Board of the listed on the resources management and health profile Hong Kong Stock Exchange Stock Exchange • YTL Communications on an agreement for the application to over 250 cities licensing and development of patented technology – the injection of its Online Movie Ticketing – as the placing agent in relation to the HK$383 and owned by Sezmi Corporation to build and Yulebao businesses into Alibaba Pictures • Triumph Technology, a developer of energy million secondary placing and sale of shares Group Limited the world’s first hybrid broadcast - 4G WiMAX technology and a wholly-owned subsidiary in IGG Inc., a Hong Kong listed online games broadband TV and internet content delivery of China National Building Material Group developer and operator which publishes mobile – its investment in Intime Retail (Group) platform being rolled out by YTL across Malaysia Company Limited and its establishment of an Corporation (CNBM Group), on its acquisition online games in 15 languages in North America, O2O joint venture with Intime of a further 8.64% interest in China Glass Asia, Europe, Oceania, South America, and Africa • The Hong Kong Communications Authority in from Pilkington Group for a consideration of relation to: – Alibaba.com’s privatisation by Alibaba Group approximately HK$136 million (US$17.52 million). • TOKIN Corporation, as Hong Kong counsel and withdrawal from listing on the Hong As a result of the acquisition, Triumph Technology with Mori Hamada & Matsumoto as transaction – the auction of frequency spectrum in the Kong Stock Exchange holds approximately 23.01% of the issued share counsel, on the sale of its electro-mechanical 1.9 to 2.2 GHz band for the provision of capital of China Glass and has become China devices business to NTJ Holdings, a special third generation () mobile services in – Alibaba.com’s acquisition of up to 99.67% Glass’ largest shareholder purpose entity that is owned by funds managed or Hong Kong upon the expiry of existing interest in China Civilink from its controlling operated by Industrial Partners, Inc. TOKIN frequency assignments; shareholder, SYNNEX Corporation • China’s largest and most used Internet service Corporation manufactures and sells electronic – its landmark decision to give consent to portal on their US$8.6 billion acquisition of a components in Japan. Japan Industrial Partners, – Alibaba.com’s US$1.5 billion IPO and Hong HKT Limited’s proposed acquisition of CSL majority stake in a Finnish game developer from Inc. is a private equity firm specialising in investing Kong listing. We acted as Hong Kong counsel to New World Mobility Limited pursuant to the its majority shareholder making this the single in turnaround, buyouts, and carve-out investments the joint global coordinators, Telecommunications Ordinance. This marked biggest investment in a video games company and Morgan Stanley, and the joint bookrunners, • PCCW on the sale of an approximate 11.10% the first time the Communications Authority Goldman Sachs, Morgan Stanley and Deutsche by the entity; and a disposal of part of its shareholding in HKT Limited. Both PCCW and issued directions to eliminate or avoid the , of the global offering shareholding in a software company listed on the HKT are listed on the Main Board of the Hong effect of substantially lessening competition Hong Kong Stock Exchange in a telecommunications market in Hong Kong • SB Investment Advisers (SBIA), an investment Kong Stock Exchange. The disposal is being adviser to SoftBank Vision Fund, on SoftBank • Credit Suisse, as manager, in relation to the effected by way of a placing, with Goldman • Corporation’s US$1.52 billion Vision Fund’s investment in two technology Sachs (Asia) acting as placing agent. Following equity offering of H shares on the Hong Kong and – as manager, in relation to the HK$1.27 billion companies in the Ping An group - Ping An completion of the placing, PCCW continues to New York Stock Exchanges. We advised CICC, Merrill secondary placing of shares in Genscript Healthcare and Technology Company (Ping An hold an approximate 51.97% majority stake in Lynch and Morgan Stanley and other underwriters Good Doctor) and Ping An Medical and Healthcare Biotech Corporation held by KPCB China HKT. The gross proceeds of the placing amount Management (Ping An Healthcare Technology). Fund, L.P. and KPCB China Founders Fund, to approximately HK$8.534 billion • China Resources Peoples Telephone Company On 2 February 2018, SoftBank Vision Fund made L.P. Genscript Biotech Corporation is a leading on its US$156.6 million and a US$400 million pre-IPO investment in Ping biotech company focusing exclusively on early • Honghua on its issue of shares under specific listing in Hong Kong and the capital reduction An Good Doctor, and was a major investor in drug discovery and development services mandates to China Aerospace Science & Industry exercise prior to the offering and is listed on the Main Board of the Stock Corporation (CASIC) and Jianhong Capital Fund Exchange of Hong Kong I, respectively, for an aggregate consideration of approximately HK$1.63 billion (US$210 million). – as manager, in relation to the HK$561 million Honghua is one of the world’s largest assemblers and 432.6 million secondary placings and sales of onshore oil and gas drilling rigs and it engages of shares in Meitu, Inc, a global innovator in offshore engineering, oil exploration and in mobile video and photography, including provision of oil drilling engineering services. CASIC Slaughter and May’s China corporate themed photo and video apps which is listed is a Chinese state-owned enterprise and a leading The firm is commended for its on the Main Board of the Stock Exchange of M&A team is known to act for Hong developer of aerospace and defence technology, thorough analysis and strong Hong Kong information technology and related equipment Kong¹s blue chip listed clients. relationship with regulators.

Corporate M&A - IFLR 1000 Asia Pacific 2016 Capital Markets (Equity) - Legal 500 Asia Pacific 2016

4 Technology – Asia / / Technology – Asia 5 • SinoMedia Holding Limited initial public offering billion. In addition, CWC will assume Columbus’ • Gocompare.com Group plc in relation to a – recommended acquisition by plc and listing on the Main Board of the Hong Kong existing net debt of US$1.17 billion secondary placing of approximately 5.1 per cent. Stock Exchange. We advised Morgan Stanley Asia of GoCompare’s share capital by its chairman, – on the sale of Compagnie Monégasque de Limited and Cazenove Asia Limited, as the joint – recommended acquisition by Liberty Global plc Sir Peter Wood. The Slaughter and May team Communication S.A.M., the worked closely throughout with Nick Edwards, for its 55% interest in Monaco Telecom S.A.M. global coordinators, joint bookrunners, joint – on the sale of Compagnie Monégasque de Chief of Staff, General Counsel and Company (Monaco Telecom), to a private investment sponsors and joint Communication S.A.M., the holding company Secretary of GoCompare. The transaction comes vehicle controlled by Xavier Niel, the French for its 55% interest in Monaco Telecom S.A.M. • ’s global offering of the H shares and after Slaughter and May advised its longstanding entrepreneur and industrialist. The aggregate (Monaco Telecom), to a private investment dual listing on the Hong Kong and New York stock client, esure Group plc, and GoCompare in relation consideration for the sale (on a cash and vehicle controlled by Xavier Niel, the exchanges. We advised Morgan Stanley and CICC to GoCompare’s successful demerger from esure debt-free basis) is EUR 321,788,000 French entrepreneur and industrialist. The Group plc and its introduction to listing on the (US$445 million) • CICC as financial adviser on the restructuring on aggregate consideration for the sale (on a London Stock Exchange in November 2016 the PRC industry involving cash and debt-free basis) is EUR 321,788,000 • Equinix, a leading global data centre , China Telecom, China Unicom and (US$445 million) • Direct Line Insurance Group, a company that provideroperating 145 data centre facilities in China Netcom, all listed on the HKSE specializes in selling insurance and other financial 40 markets across 5 continents, on the: • Dongfeng , a wholly owned services directly to consumers via the internet subsidiary of Dongfeng Motor Corporation, on its – separation and subsequent sale of eight • Direct Line Insurance Group, a company that and telephone, on its initial public offering of cornerstone investment in the proposed initial assets in its European business to Digital specializes in selling insurance and other financial ordinary shares and separation from RBS Group public offering of Yangtze Optical Fibre and Realty Trust for US$874.4 million services directly to consumers via the internet and that valued Direct Line at approximately £2.625 telephone, on its initial public offering of ordinary Cable Joint Stock Limited Company for a total billion – recommended cash and share takeover offer shares and separation from RBS Group that valued consideration of US$15 million for Telecity Group Direct Line at approximately £2.625 billion • Cable & Wireless Communications plc on its UK and EU experience agreement with CITIC Telecom International – purchase from IO of an operating data centre • Cable & Wireless Communications plc on its • ARM’s entire issued and to be issued share Holdings Limited for the sale of its controlling business in Slough, United Kingdom, consisting 51% stake in Companhia de Teleco Companhia de – agreement with CITIC Telecom International capital by SoftBank Group, the offer of which of one single site facility. The agreement was Telecomunicaões de Macau S.A.R.L. for US$749.7 Holdings Limited for the sale of its was announced on 18 July 2016. The offer values signed on 7 January 2017 and the acquisition million in cash controlling 51% stake in Companhia de Teleco ARM’s issued and to be issued share capital at completed on 3 February 2017 approximately £24.3 billion. ARM is the world’s Companhia de Telecomunicaões de Macau – acquisition of Columbus International, Inc leading semiconductor intellectual property – acquisition of Zenium’s data centre business S.A.R.L. for US$749.7 million in cash (Columbus) for consideration of US$1.85 supplier and SoftBank is one of the leading in Istanbul for US$93 million. The acquisition billion. In addition, CWC will assume – acquisition of Columbus International, Inc operators and investors in the global technology, was signed and completed on 6 October 2017 Columbus’ existing net debt of US$1.17 billion Internet and wireless sectors (Columbus) for consideration of US$1.85 • GoDaddy on its acquisition of Host Europe Group (HEG) from the private equity firm Cinven for €1.69 billion, including €605 million paid to the selling shareholders and €1.08 billion in assumed net debt. GoDaddy is the world’s largest cloud platform dedicated to small, independent ventures, with more than 14 million customers worldwide and over 63 million domain names There’s good partner participation under management. HEG is the largest privately throughout deals and it’s very owned web services provider in Europe. With strong positions in the UK and Germany and more responsive. The quality of senior than 1.7 million customers, HEG complements associates is better than competitors, GoDaddy’s leading position in the US and fast- and the firm is perceptive and has a growing international footprint good understanding of commercial goals and intricacies.

IFLR 1000 ASIA-PACIFIC 2018

The firm has a deep bench of experienced partners, most of which have spent much or all of their careers in Hong Kong.

Corporate (Including M&A) – Legal 500 Asia Pacific 2016

6 Technology – Asia / / Technology – Asia 7 • Aegis Network, working as part of an • Autonomy Corporation on a recommended cash – on a key, strategic, second generation IT provides consumers with universal to integrated team with Cravath, Swaine & Moore offer by Hewlett-Packard Vision B.V., an indirect and business process outsourcing to , their cash LLP and Group General Counsel, Simon Zinger, wholly-owned subsidiary of Hewlett-Packard an Indian listed entity, to replace its on its acquisition of a majority stake in Merkle Company, for the entire issued and to be issued outsourcing arrangements with • Stripe, the US-based online payment services Group Inc. Merkle is the largest independent data share capital of Autonomy Corporation plc. The (on which we also advised) provider, in connection with its expansion into analytics, customer relationship management transaction valued Autonomy at approximately the EU. This has included advice on the scope & performance marketing agency in the US, £7.0 9 billion • GlaxoSmithKline on its agreement with Verily and application of relevant EU regulatory regimes generating $436m of revenues in 2015 and with Life Sciences (formerly Google Life Sciences), an for payments, data and e-commerce; on product offices in the US, UK, China and Spain. Merkle will • Francisco Partners and Emailvision on the Alphabet company, to form Galvani Bioelectronics development matters; and on distribution become one of Dentsu Aegis Network’s leading recommended cash acquisition by Emailvision to enable the research, development and arrangements and partner collaborations global agency network brands. Agreements have Holdings Limited of SmartFOCUS Group PLC for commercialisation of bioelectronics medicines. • British Gas, the largest UK energy and home been put in place that would allow Dentsu Aegis approximately £25.3 million. SmartFOCUS, an Bioelectronic medicine is a relatively new services company, on the acquisition of AlertMe, Network to acquire the remaining shares in AIM company, is a global provider of email and scientific field that aims to tackle a wide range of a UK-based company that creates products Merkle by the end of 2020 multi-channel marketing software and services chronic diseases using miniaturised, implantable and services linked by the internet to enable devices that can modify electrical signals that • Palamon Capital Partners on the sale of OmniBus connected homes • Rightmove, a leading UK property website, on its pass along nerves in the body initial public offering and listing on the London Systems Ltd, a company developing software • Preqin, the leading source of information for Stock Exchange solutions for media companies • ARM’s entire issued and to be issued share the alternative assets industry, providing data capital by SoftBank Group, the offer of which • Hub Telecom on the acquisition of Masternaut and analysis via online databases, publications • Silicon Radio (CSR), a semiconductor was announced on 18 July 2016. The offer values UK Limited, the leading UK distributor of mobile and bespoke data requests, on the acquisition of company which designs and provides Bluetooth ARM’s issued and to be issued share capital at tracking devices a significant minority stake in Baxon Solutions. solutions, on its listing on the London Stock Exchange approximately £24.3 billion. ARM is the world’s Baxon Solutions provides middle office solutions leading semiconductor intellectual property • OnMedica, a health e-commerce company, on • Merrill Lynch, as financial adviser to HCL for the private equity industry through market supplier and SoftBank is one of the leading its listing on the Alternative Investment Market Technologies, a global IT services company, leading cloud collaboration software for operators and investors in the global technology, of the London Stock Exchange. OnMedica on an offer by HCL Technologies to acquire monitoring, analyzing, managing and reporting Internet and wireless sectors invests in other companies within the health Axon Group for approximately £441 million portfolio companies’ performance e-commerce sector • Dätwyler Holding on its recommended cash • YTL Power Investments on the: • Sage, the UK business software and e-money offer for Premier Farnell which was announced • Nettec, a company engaged in designing, building, institution, on the EU e-money regime, – acquisition by its wholly owned subsidiary, on 14 June 2016. Dätwyler is a focused industrial and supporting content-managed corporate portals including in relation to online accounting YTL Education, of a shareholding in supplier with leading positions in global and on its £64.91 million initial public offering and and payroll services Frogtrade, a company principally involved regional market segments, headquartered in listing on the London Stock Exchange in the provision of internet services, Switzerland and Premier Farnell is a global • CSR, a leading global designer and developer • Goldman Sachs, financial advisers to CGI Group including the development and provision of leader in the distribution of technology products of silicon chips and software, on its transfer to Inc., a Canadian public IT company, in relation educational learning platforms, from existing and solutions for electronic system design, Samsung of its development operations in handset to the cash confirmation for CGI’s recommended shareholders for total consideration of production, maintenance and repair connectivity and location and on the subsequent takeover bid for Logica plc for approximately approximately £5.5 million recommended cash offer by Global £1.7 billion (CAD2.8 billion) • Tangent Communications on a placing to raise Trading, an indirect wholly-owned subsidiary of – software licence agreement entered into £10 million to fund the acquisition of Goodprint Qualcomm Incorporated, which values CSR at between Frogtrade and FrogAsia Sdn Bhd, • Psion, a designer and manufacturer of UK and the expansion of its online business approximately £1.56 billion rugged mobile handheld computers, on the a subsidiary of YTL Education, to be used recommended cash offer by Motorola Solutions, in connection with a concession from the • Pollen Street Capital on the sale of Target • Royal Mail on a major, strategically important, Inc. which valued Psion plc at approximately Malaysian Government for the provision of Group to a wholly-owned subsidiary of Tech transformational IT and outsourcing project £129.3 million educational learning platforms to schools Mahindra for an enterprise value of £112 million. which covers the full scope of Royal Mail’s IT in Malaysia Target Group is a leading provider of business procurement transactions (including in relation to process outsourcing and software solutions for service integration, infrastructure, and application • Koninklijke Philips Electronics in relation to the over 50 major financial institutions across the development and application management) sale of a 9.47% stake in TPV Technology to CEIEC, globe, including clients such as Goldman Sachs, a unit of China Electronics Corporation Morgan Stanley, Credit Suisse, Barclays and • Symbian on the offer by Nokia to acquire all the issued and to be issued share capital of • Changsha Zoomlion Heavy Industry Science and Shawbrook Bank. Headquartered in India, Tech Symbian not already owned by Nokia and Technology Development (Zoomlion) in respect Mahindra Limited is listed on the Bombay Stock previously on a global licensing strategy for its of a US$ 200 million syndicated loan facility which Exchange and offers IT services, outsourcing and operating system for a new generation of wireless provided financing for Zoomlion’s acquisition of consultancy across 90 countries Slaughter and May’s eminence devices. Symbian was a joint venture between CIFA S.p.A. • VocaLink on the separation of the LINK Scheme is illustrated by its role on a series Nokia, Ericsson, and other major • Carillion on: from VocaLink and the re-negotiation of handset manufacturers, and was, prior to its of major Hong Kong takeovers, VocaLink’s processing contract with the LINK acquisition by Nokia, the world’s leading wireless most notably in the financial – an agreement for the sale of its external IT Scheme and its members. VocaLink designs, operating system services industry. Services business, an outsourcing, network builds and operates payments systems and ATM and cabling solutions provider that it switching platforms and LINK is the network • Compagnie Financière Richemont on its Corporate (Including M&A) - Legal 500 Asia Pacific 2016 acquired with Alfred McAlpine, to Capita which connects the UK’s cash machines and acquisition of Net A Porter, the online luxury fashion retailer

8 Technology – Asia / / Technology – Asia 9 • Ericsson: • FirstGroup, the UK’s leading bus and rail operator, on their licence and support arrangements with Key contacts – on the sale to Sony Corporation of SAP. These formed part of the services provided Ericsson’s 50% stake in Sony Ericsson Mobile under FirstGroup’s wider IT and Telecoms multi- Communications making the mobile handset sourcing arrangements business a wholly-owned division of Sony, for €1.05 billion in cash. This included • Global Infrastructure Partners, an independent advising Ericsson on the patent cross- US$5.64 billion investment fund, on its licences and the assignment of five essential agreement with BAA Airports to acquire London patent families to Sony relating to wireless Gatwick Airport. This required specialist IT Peter Brien Benita Yu Jason Webber handset technology advice as it involved separating out many shared IT systems and services and drafting and E [email protected] E [email protected] E [email protected] – in connection with its managed services negotiating a long-term and complex Transitional partnership with Hutchison 3G UK which Services Agreement appoints Ericsson the exclusive manager of the H3G network and its IT infrastructure in • Telelogic on the merger control aspects of its the UK acquisition by IBM. The investigation focused on the markets for software modelling tools and – on its acquisition of Red Bee Media, a world requirements management tools, where both IBM leading online media services company, from and Telelogic were significant suppliers. The case an entity controlled by Macquarie Advanced was an important step in the development of the David Watkins Lisa Chung Peter Lake Investment Partners European Commission’s assessment of mergers E [email protected] E [email protected] E [email protected] in rapidly evolving technology markets with low • Vodafone on an agreement with barriers to entry in relation to the creation, implementation and operation of technical mobile payment • Ocado the online grocer, on an initial public processes as well as issuing virtual and offering to raise approximately £200 million and co-branded Visa cards the listing of its shares on the London Stock Exchange. This was the first London listing of an • esure the internet and telephone based insurance online food retailer company, on the: • Rambus on its acquisition of all outstanding John Moore Clara Choi Natalie Yeung E [email protected] E [email protected] E [email protected] – technology aspects of the acquisition of the shares in Smart Card Software for £64.7 million in remaining 50% of Gocompare.com cash. Rambus creates cutting-edge semiconductor and IP products, spanning memory and interfaces – on its initial public offering on the London to security, smart sensors and lighting Stock Exchange to raise approximately £604 million • GE on the:

• Ladbrokes on a major strategic sourcing project – sale of its Equipment and Receivable regarding Ladbrokes’ IT step-change programme. Finance businesses in France and Germany This has included providing strategic advice to Banque Fédérative du Crédit Mutuel Chris McGaffin Charlton Tse across a number of interdependent procurements, representing ending net investment of E [email protected] E [email protected] as well as multiple negotiations with a range of IT approximately US$7.5 billion/€6.6 billion and telecommunication suppliers – intellectual property, know-how and • Homeserve on a major IT procurement to information technology aspects of the sale replace certain bespoke legacy systems. We also • NewDay on IT servicing arrangements relating to advised Homeserve on various software licensing its credit card portfolios and maintenance arrangements for the Moves into the top band, having demonstrated underlying software • Aegis on the recommended cash offer by Dentsu. sophisticated capabilities in representing Hong Kong and Chinese corporates, including Fortune 500 companies and major SOEs. A stellar bench with an established reputation for public M&A and with significant recent exposure in handling strategic They are very good – they really investments by leading South-East Asian clients. understand mainland clients. Corporate/M&A (China) - Chambers Asia 2016 Corporate/M&A (Asia) - Chambers Asia 2016

10 Technology – Asia / / Technology – Asia 11 © Slaughter and May 2018 This material is for general information only and is not intended to provide legal advice. For further information, please speak to your usual Slaughter and May contact.

November 2019

55980_1126958_Asia Technology PB EDC_Nov19_v01