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Swedish-Australian cross-border deal sealed
A global firm’s Sydney-based team advised a Swedish company on its acquisition of Accedo Broadband.
Lara Bullock
Firm: K&L Gates (SEB Private Equity)
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Deal: SEB Private Equity acquired Accedo Broadband
Value: Confidential
Area: M&A
Key players: The K&L Gates team was led by partner Glenn Hughes (pictured) and included partners Christa Lenard and Simone Mitchell.
Deal significance: Stockholm-based SEB Private Equity (SEB) made a cross-border acquisition of video tech company Accedo Broadband (Accedo).
Accedo has a customer base of over 350 of the world's leading premium media companies, operators, broadcasters, and other video services providers, and reaches hundreds of millions of video consumers worldwide.
The acquisition of Accedo is expected to accelerate the growth and continued innovation of the tech company, and is just one of many recent investments by SEB in the expanding tech and media industries.
K&L Gates lead partner Mr Hughes said: “This global transaction involved the acquisition of numerous related companies in several international jurisdictions. K&L Gates is pleased to have assisted SEB in achieving a successful outcome.”
