Hogan Lovells advises 2e2 on sale of its European businesses to Logicalis Group
Hogan Lovells has advised IT company 2e2 on the sale of its European businesses to Logicalis Group, part of Datatec, for €24m (£21m) in cash.
2e2 went into administration in January 2013. Hogan Lovells has been advising the company on all aspects of the administration, including the sale of the UK data centre business and, most recently, 2e2’s businesses in Spain, Ireland, the Netherlands and the Channel Islands.
Datatec will fund the deal with €14m in cash and a €10m share placement and will employ approximately 500 2e2 employees.
The Hogan Lovells team was led by London business restructuring and insolvency partner Deborah Gregory, assisted by of-counsel James Robinson and associates James Maltby and Viktor Braun, together with senior associate Maya Cronly-Dillon.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump