Global law firm White & Case LLP has advised the shareholders of Privax Limited on the company's sale to online security company AVG. Privax is the company behind behind Hide My Ass, the world's largest Virtual Private Network (VPN) provider.
"This is a hugely exciting and innovative deal," said Peter Jones, the White & Case lawyer most closely involved in the transaction. "It demonstrates the growing prowess and importance of London’s technology market, where cutting-edge companies are making a big impact globally."
"The team is pleased to have supported the shareholders of Privax on a deal which illustrates the development of White & Case's EMEA technology practice and proves our strategy of working with successful entrepreneur-led businesses, as well as more established players, ensures we are always at the forefront of market developments," said White & Case partner Ian Bagshaw.
Based in central London, Privax was founded by CEO Jack Cator. HideMyAss.com went online in 2005 as a free anonymizing proxy service and is today a multi-million pound business with servers in more than 170 countries.
The White & Case team which advised the shareholders of Privax was led by partner Ian Bagshaw and associate Peter Jones, and supported by associates Thomas Leslie and Erika Games, all based in London.
The sale of Privax is the latest in a number of high profile deals on which White & Case has advised. Last year the Firm advised Avast Software on the sale of a significant minority stake to CVC Capital Partners while this year the Firm advised Miniclip on the sale of a majority stake in Tencent and, separately, LINE Corporation on the acquisition of MixRadio, Microsoft’s music streaming service.
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