TMT deals round-up

Lovells acted for the Guardian Media Group on its acquisition of the management shareholding in Trader Media Group. As the publisher of Auto Trader magazine, Trader Media Group was formed in a joint venture between Guardian Media and private equity house BC Partners in 2000. The deal values Trader Media Group at £1.14bn. Dickson Minto represented BC Partners and Allen & Overy advised the bank.

Shearman & Sterling (Herve Letreguilly) is representing France Telecom on its bid for the remaining shares in Orange. France Telecom is offering 11 of its own shares for every 25 Orange shares. The exchange offer was due to close on 7 October. Slaughter and May (Nigel Boardman), alongside French best friend Bredin Prat (Didier Martin), is acting for Orange.

Hale and Dorr (Kate Eavis, Chris Prout) advised BioVex, which develops vaccines for the treatment of cancer, on a £17m private placement. Maclay Murray & Spens advised the investor, Scottish Equity Partners.

Singapore’s Rajah & Tann (Soon Choo Hock, Stacie Seetho) advised CSMC-Technologies on its cash and paper $33m (£19.7m) acquisition of technology and equipment from Chartered Semiconductor Manufacturing.

Osborne Clarke (Brian Rutherford) acted for media and entertainment company ITI Group on its $145m (£86.6m) acquisition of the remaining equity stake in Polish television broadcaster TVN Sp. z oo from SBS Broadcasting. Sullivan & Cromwell advised SBS.

Hammonds provided counsel to Evolution Beeson Gregory as the nominated adviser and broker on the AIM flotation of Ocean Power Technologies, a renewable energy company with a market cap of around £70m. Hale and Dorr (Richard Eaton) advised the issuer.

Eversheds (Nigel Sternberg) advised on the outsourcing of the IT, payroll and HR administration of Bath and North East Somerset Council to the HBS Business Services Group. The deal, which also involves the establishment of a separate business improvement service, is worth an estimated £70m. Altheimer & Gray acted for HBS.