GvW Graf von Westphalen has advised technology distributor Midwich Group plc on its £165 million initial public offering (IPO) on London Stock Exchange’s Alternative Investment Market (AIM) and the related £75 million fundraising. GvW Graf von Westphalen advised on all aspects of German law and worked together with the English law firm of Mills & Reeve LLP.
The Midwich Group is a specialist audio visual (AV) and document solutions distributor to the trade market, with operations in the UK and Ireland as well as Germany, France and Australasia. It has long-standing relationships with over 300 vendors, including blue-chip organisations such as Samsung, LG, Epson and NEC, and supports a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and printers. The customers of the Midwich Group are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality.
GvW Graf von Westphalen had advised the Midwich Group on the acquisition of a majority stake in Hamburg based Kern & Stelly Medientechnik GmbH in late 2013. In connection with the IPO, Midwich Ltd. acquired all remaining shares in the German subsidiary thereby becoming its sole shareholder.
Under the lead of Hamburg based partner Dr Ritesh Rajani (Corporate/M&A), the Midwich Group was advised by a team consisting of Hamburg partners Dr Patrick Wolff (Finance), Dr Malte Evers (Employment) and Lutz Leonard Lamprecht (Real Estate) as well as associates Jana Hollstein (Commercial) and Johan van der Veer (Insurance).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
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