Proximus, the largest mobile telecommunications company in Belgium, wanted to acquire the Codit Group, a European IT company providing cloud-based solutions, consultancy, technology and managed services.
The client contacted Liedekerke Wolters Waelbroeck Kirkpatrick (Liedekerke), the Lex Mundi member firm for Belgium, for assistance with the complex transaction.
Acting as the lead firm, Liedekerke tapped into the Lex Mundi network to quickly organize a cross-border team including:
The acquisition required beginning-to-end assistance. Liedekerke led the due diligence process, drafting and negotiating all transaction documents and coordinating the complex exits of the minority shareholders in the different local subsidiaries.
The team worked closely together in providing counsel and critical and timely legal advice. Each member firm addressed the due diligence process and advised on local issues relating to the transactional documents along with several aspects related to the exits of the minority shareholders and in the corporate governance of the subsidiaries. Serving as the main point of contact, Liedekerke was able to provide the client with one integrated due diligence report and coordinated billing through one point of contact.
Bringing together the deep knowledge from each Lex Mundi member firm at competitive pricing added great value to the client and provided a truly seamless client solution.
About Lex Mundi
Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Lex Mundi member firms offer clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Each member firm is selected on the basis of its leadership in – and continued commitment to – its local market. The Lex Mundi principle is one independent firm for each jurisdiction. Firms must maintain their level of excellence to retain membership within Lex Mundi.
Through close collaboration, information-sharing, training and inter-firm initiatives, the Lex Mundi network is an assurance of connected, on-the ground expertise in every market in which a client needs to operate. Working together, Lex Mundi members are able to seamlessly handle their clients’ most challenging cross-border transactions and disputes.
Member law firms are located throughout Europe, the Middle East, Africa, Asia and the Pacific, Latin America and the Caribbean and North America. Through Lex Mundi’s nonprofit affiliate, the Lex Mundi Pro Bono Foundation, members also provide pro bono legal assistance to social entrepreneurs around the globe.