Minorplanet Systems acquires 64 per cent of Nasdaq-listed @Track Communications for $150m (£104m). Minorplanet Systems advised by Mishcon de Reya (Grant Gordon, Larry Nathan) and Brown & Wood. @Track Communications advised by Field Fisher Waterhouse (Mark Abell, Andrew Evans, Nick Noble) and Locke Liddell & Sapp. Majority bondholders advised by Wachtell Lipton Rosen & Katz.
Alta Berkley and 3i make £2.25m equity investment in fibre optic technology company Polatis. Alta Berkley advised by Charles Russell (Mark Moncreiffe). Polatis advised by Hewitson Becke + Shaw. 3i advised in-house.
Nortel Networks’ $1.4bn (£1bn) transfer of Cable & Wireless’ voice traffic to Voice Over Internet Protocol. Cable & Wireless advised by Shaw Pittman (Andrew Moyle, Trevor Nagel, Jennifer Mattingley). Nortel Networks advised by Baker & McKenzie (Peter Strivens, Richard Hawtin).