May 19, 2016 - Assignment

Mblox to be acquired by CLX Communications

Mannheimer Swartling assists Mblox, a leading application-to-person (A2P) mobile messaging provider based in the US processing more than 7 billion messages globally in 2015, in its sale to Swedish messaging provider CLX Communications AB (publ). The definitive agreement for the acquisition, which is made against a cash consideration of USD 117 million, was announced on 13 May 2016.

Goodwin Procter LLP acted as lead counsel to Mblox and Mannheimer Swartling advised as to Swedish law matters. Mannheimer Swartling’s team included Fredrik Andretzky and Joel Englund (M&A), and Mirka Ylinen Gorne and Gustaf Hygrell (ECM).