Media Coverage
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
05.12.22
A team of Pillsbury lawyers served as U.S. counsel to Vobile Group Limited, a global leader in SaaS for online video content protection and monetization, in securing more than US$127 million in a debt facility for its proposed acquisition of China-based Particle Culture Technology Group. Solely led by HSBC, the financing package is comprised of a senior bilateral facility as well as private credit funds, supporting Vobile to drive its innovation and growth strategy in mainland China.
Pillsbury previously represented Vobile in its HK $100 million convertible bond offering to investor Poly Platinum Enterprises Limited and also in its IPO on the Hong Kong Stock Exchange, which was one of the first-ever IPOs for a Silicon Valley company on the Hong Kong Stock Exchange.
Vobile is a worldwide leader in Software-as-a-Service for online video content protection and monetization. Its best-in-class SaaS platforms are widely used by movie studios, television networks and record labels, enabling effective content protection for rightsholders and accelerating their revenue growth in digital economy.
The Pillsbury deal team was led by Corporate partner Steve Wurzburg and included Finance partner Veronica Relea, senior counsel Russell DaSilva, and associate Jack Price, and Tax partner Brian Wainwright.