London - Paul Hastings LLP, a leading global law firm, has advised Abry Partners II, LLC, the tech, media and communications focused private equity firm and Link Mobility Group on Link Mobility’s listing on the Oslo Stock Exchange (OSE). The offering comprised primary, secondary, and additional shares equating to NOK 6,902 million, the biggest IPO in the Nordics so far this year and was more than 10 times covered outside the cornerstone investors.
Abry Partners acquired Link Mobility in 2018 (with Paul Hastings advising) and Link is now one of Europe’s leading communication providers, specialising in mobile messaging services, mobile solutions, and mobile intelligence. Under Abry Partners’ ownership, Link Mobility has undertaken several acquisitions, including the acquisitions of French communications firm Netsize and eastern European mobile messaging group Teracomm Group.
The Paul Hastings private equity practice is a multidisciplinary team that manages the full lifecycle of a business, from acquisition to eventual exit.
The Paul Hastings team included partners Matthew Poxon, Peter Schwartz, Arun Birla, Garrett Hayes and Anu Balasubramanian and associates Carlos Ruiz, Andro Atlaga, Jamie Holdoway and Hannah Gray. Lars Andre Gjerdrum at AGP advised on the Norwegian law aspects of the transaction. ABG Sundal Collier ASA and Jefferies International Limited are acting as Joint Global Coordinators and Joint Bookrunners in connection with the offering, while Carnegie AS is acting as Joint Bookrunner and SpareBank 1 Markets AS is acting as Co-Lead Manager, who were all advised by Advokatfirmaet Thommessen AS and Davis Polk & Wardwell London LLP. Paul Hastings won Abry as a client with the arrival of relationship partner Anu Balasubramanian in June 2018.
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