Lawyer Monthly Magazine - October 2019 Edition

86 WWW.LAWYER-MONTHLY.COM | OCT 2019 Transactions Reports This announcement appears as a matter of record only Moventum IN Becomes The First Investment Firm Authorized Under The MIFID II Regime Legal adviser to Moventum IN: Moventum IN Becomes The First Investment Firm Authorized Under The MIFID II Regime BBH advised Moventum a.s., a member of a major Luxembourg based fund distribution group, in its investment firm authorisation application. This case represents the first such investment firm licence being granted under the highly demanding regime established under MiFID II directive in the Czech Republic. This licence enables the Moventum group to further develop its activities and provide its full range of services in the Czech Republic. Prague-based Regulatory and Banking & Finance BBH Partner Tomáš Sedlá č ek said: “We are proud to have advised a member of this leading European fund distribution group throughout the authorisation process to bring it to a successful completion. We assisted our client in the course of rigorous prerequisite reviews and demanding compliance checks and demonstrated our abilities in achieving compliance with the highest level regulatory standards under MiFID II.” The BBH regulatory team assisting Moventum in this achievement was led by Partner Tomáš Sedlá č ek with Zden ě k Husták, Head of Regulation & Compliance, Jan Kadrno ž ka and Martin Procházka and the support of other BBH lawyers. This announcement appears as a matter of record only Sphera Acquires Thinkstep Financial adviser to Thinkstep: Thinkstep's Sale to Sphera thinkstep, a Stuttgart, Germany based software company that specializes in Corporate Sustainability and Product Stewardship, and Sphera, a global provider of Integrated Risk Management Software and Information Services with a focus on Environmental Health & Safety, Operational Risk and Product Stewardship, announce they have entered into an agreement for Sphera to acquire thinkstep. Marks Baughan Securities team lead by Managing Member, John Jacobs, and supported by Bill Takeuchi and Ed Murtha, advised thinkstep AG and its shareholders on this transaction. Leveraging thinkstep’s transformation into a SaaS-based solution and supported by an exceptional client base with an attractive growth trajectory, the Marks Baughan team guided thinkstep through the entire process through to a successful sale. Jan Poulsen, thinkstep CEO, stated, "The Marks Baughan team led by John Jacobs were critical in negotiating this strategic transaction with Sphera. Marks Baughan worked tirelessly to manage a complex transaction toachieve agreat result for thinkstepand its shareholders. We were particularly impressed with the attention to detail, responsiveness and the overall guidance we received from the Marks Baughan team throughout the process.”