8/30/2012 – LawFuel.com – The US Law News Service – Davis Polk advised Mailgun, Inc. on its acquisition by Rackspace Hosting, Inc., which was completed on August 29, 2012. Terms of the transaction were not disclosed.

Mailgun is a San Francisco, California-based company that provides developers with a powerful set of APIs that allows users to send, receive and track email easily from within their applications. Rackspace is a service leader in cloud computing, delivering enterprise-level hosting services to businesses of all sizes and kinds around the world.

The Davis Polk corporate team included partner Francis S. Currie and associate Sara Chang. The tax team included partner Kathleen L. Ferrell and law clerk Cate Paskoff Chang. Former associate Emma Maconick provided intellectual property advice. Counsel Cynthia Akard provided benefits advice. Elizabeth J. Gordon was the legal assistant for the transaction. Members of the Davis Polk team are based in the Menlo Park and New York offices.

1 September 2012 – International Law Firm News- International law firm Freshfields Bruckhaus Deringer has advised the Mouchel Group on its financial restructuring. This has seen the assets of Mouchel Group plc being transferred to MRBL Limited, a newly incorporated company owned by the group’s lenders: RBS, Lloyds Banking Group and Barclays, and members of the Group’s management. The transaction marks the completion of the Group’s financial restructuring and provides the group’s businesses with a strong financial platform for the future.

The restructuring was executed by using administration appointments over Mouchel Group plc as part of an alternative plan developed to implement the restructuring in the event shareholders did not accept a 1p special dividend in return for their agreement to the transfer of the group to lender ownership as proposed in the circular dated 31 July 2012. The terms of the sale also ensure that all of the group’s trading subsidiaries can continue to trade as usual.

The Freshfields team advising Mouchel was led by finance partner Simon Johnson, corporate partner Farah Ispahani and restructuring partner Adam Gallagher. They were supported by finance associate Natalie Dyce, corporate associate Holly Kinchin-Smith and restructuring associate Emma Norman. Partner David Pollard led pensions advice and partner Murray Clayson led on tax advice.

The Freshfields team advising KPMG as administrators was led by restructuring counsel Anne Sharp supported by restructuring associates Priyanka Usmani and Kathryn Bruce.

Freshfields restructuring partner Adam Gallagher commented: ‘This is the latest in a number of plc restructurings that we’ve completed and an example of how administration techniques can be used effectively to create the right economics for businesses to prosper’.