TMT deals round-up

Baker & McKenzie (Marc Mariani, Isabel King-Cabot, Stephanie Prud’hon) advised Morgan Stanley Real Estate Fund IV and the Fonciere des Regions fund on their acquisition of IBM France’s property portfolio. IBM France advised by Jones Day.

Wiggin & Co (Mike Turner) advised ITV on the sale of its post production and visual effects business The Moving Picture Company to Paris-listed media giant Thomson’s Technicolor Entertainment Services for £52.7m. The Moving Picture Company provides visual effects for Hollywood and has worked on films such as Alexander, Troy and Alien Vs Predator. Lewis Silkin advised the management and Thomson’s was advised by Macfarlanes.

Lewis Silkin (Simon Entwistle) advised Haymarket Publishing on its acquisition of Eve magazine from BBC Worldwide for an undisclosed sum. BBC Worldwide advised in-house (Richard Parsons, Tamara Samarsinghe).

Kirkpatrick & Lockhart Nicholson Graham (Owen Waft) has advised Jarvis Securities on the admission of its shares to AIM. Jarvis’s nominated adviser and broker Corporate Synergy was advised by Charles Russell.

Olswang (Howard Palmer) advised ITN on a strategic investment in Espresso Broadband, a provider of digital teaching materials to schools. Espresso advised by Bird & Bird.

Simmons & Simmons (Chris Wilkinson) advised DAT Group on the placing and admission of its ordinary shares on AIM. Durlacher was DAT’s nominated adviser and broker.

Field Fisher Waterhouse (Paul Barton, Nicholas Thompsell) advised the Department for Transport on its £17m Transport Direct project. Transport Direct is the first complete journey planner for the UK and is available online. It was launched on 31 December 2004.

Stibbe and Herbert Smith have jointly advised the Dutch State on the sale of 150 million shares – around 6 per cent of its stake – in telecoms company KPN. The sale was effected by way of a block trade to Lehman Brothers for approximately e1bn (£690m). The sale reduces the Dutch State’s shareholdings in KPN to around
14 per cent.