The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Covington & Burling, Mishcon de Reya and Dorsey & Whitney have advised on the IPO of online video distribution group Rightster.
The British start-up raised £20.4m after floating on the stock market last Tuesday (12 November), putting a market capitalisation on the company of approximately £69.8m.
Covington & Burling’s London office advised Rightster on the deal, led by head of the firm’s corporate practice in Europe Paul Claydon. According to Rightster’s website the firm is the group’s main external legal adviser.
Meanwhile US firm Dorsey & Whitney advised specialist securities firm Cenkos, which was the nominated adviser and broker for the IPO. The firm’s London corporate partner Max Beazley led for Cenkos, which is understood to have used the firm for a number of issues.
Mishcon advised Vesuvius, the largest shareholder in Rightster. It is not known if this is a new client for the firm.
The group was founded in 2011 by British Internet entrepreneur Charles Muirhead, now CEO of the group.
In a statement Muirhead said: “Video is exploding; Informa predicts that the global online video market will be worth £24bn or $37bn by 2017 but it is still a hugely complex and fragmented market. As the first YouTube Multi-Channel Network (MCN) to IPO, Rightster is positioned at the center of this ecosystem and poised for growth.”