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MAGNUSSON ADVISES ON STRATEGIC DEAL IN THE SATCOM SECTOR

2014-09-09

Magnusson has advised the independent service provider of satellite communication solutions NSSLGlobal on its strategic merger with the German/Danish group ESL.

The merger creates a business with annual revenues in the range of EUR 90 million and sees NSSL Global and ESL being able to pool their engineering expertise and experience to provide their respective customers with increased global support and a broader product and service offering.

Magnusson's team advised the client on all aspects of the deal including due diligence across a number of jurisdictions, drafting and negotiation of deal documentation and regulatory advice. The Magnusson team was headed up by the Berlin partner Thomas Kaiser-Stockmann working alongside the Copenhagen partner Nikolaj Juhl Hansen.

Thomas Kaiser-Stockmann says: “It was a real pleasure to advise NSSLGlobal on this strategic deal in Denmark and Germany. One of the reasons for the client to choose to work with us was our geographical footprint, since the deal involved a number of Magnusson’s jurisdictions”.

The deal is the latest in the range of deals that involved Magnusson’s advice on major cross-border transactions, including the Chinese Denim Group’s acquisition of the clothing retailer JC in Finland and Sweden, OPDI Technologies on the formation of a technology joint venture in Hong Kong and US Jabil on the sale of its Aftermarket Services Division to IQor in Poland.

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