White & Case and Latham advising on one of London's largest-ever tech listings
Avast IPO set to value cybersecurity company at £2.4bn
May 11, 2018 at 05:20 AM
2 minute read
White & Case and Latham & Watkins are advising on the London listing of Czech cybersecurity company Avast, which is set to value the company at £2.4bn.
Shares in the company are due to start trading on the main market of the London Stock Exchange next week at a price of £2.50 per share, in what will be one of the biggest-ever technology listings in London.
White & Case is acting for Avast with a team co-led by London-based private equity co-head Ian Bagshaw and City corporate partners Jonathan Parry and Jill Concannon.
The US firm's team also includes Prague-based central and eastern Europe technology, media and telecoms head Jan Andrusko, as well as London corporate partners Guy Potel and Steven Worthington, tax partner Prabhu Narasimhan and banking partner Justin Wagstaff.
Bagshaw said the firm's relationship with Avast "has gone from strength to strength in recent years".
Latham is representing the underwriters with a team led by London corporate and capital markets partners James Inness and Brett Cassidy.
Avast, which is headquartered in Prague, also has offices in the US, Germany, China, South Korea and Taiwan.
White & Case has acted for the company on several transactions, including its $1.3bn (£960m) acquisition of AVG Technologies, the initial private equity investment by Summit Partners in 2010, the minority investment by CVC Capital Partners in 2014 and its recent acquisition of Piriform.
Bagshaw added: "Advising Avast on a London IPO of this magnitude and strategic significance has been hugely exciting, and is another milestone in our relationship with this ambitious and successful company as it begins the next chapter in its exciting growth story."
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllCan Labour's New Budget Steady the Ship? Big Moves On UK Tax Reform and Fiscal Stability
5 minute readCracking Canada: How International Law Firms Penetrate the Country's Legal Market
6 minute readHong Kong IPO Market Shows Signs of Slow but Steady Recovery
Mexico's Judicial Reforms and the Implications for Foreign Investors
5 minute readTrending Stories
- 1After Mysterious Parting With Last GC, Photronics Fills Vacancy
- 2Latham Lures Restructuring Partners From Weil, Paul Weiss
- 3Haynes Boone, Hicks Thomas Get Dismissal of $1.3B Claims in 2022 Freeport LNG Terminal Explosion
- 4Immigration Under the Trump Administration: Five Things to Expect in the First 90 Days
- 5'Radical Left Judges'?: Trump Demands GOP Unity Against Biden's Judicial Picks
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250