We represented Groups360, a platform that simplifies bringing people together for meetings and events, in its acquisition of IDEM Hospitality, a Singapore-based platform to help hoteliers maximize revenue from their meetings, events and group business. Terms of the transaction were not disclosed.
Groups360 Acquires IDEM Hospitality
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We represented Shelby County Schools (SCS) Board in a transaction to secure funding bringing laptop computers to nearly 95,000 students in the District. By providing nearly 95,000+ new devices and WiFi access to students in the District, each student will have the proper materials to participate in online learning this year. Students are scheduled to have a laptop or tablet by November 2020. The investment in students, which was announced on June 16, is historic step for the District in bridging the digital divide and builds upon the ongoing Equity in Action Plan, which aims to ensure all students have the same access to academic supports.
COVID-19 highlighted the lack of internet access and technology for many students and families in Memphis, Tennessee. This deal is part of a broader $37 million plan to enable all students to learn online. The transaction was formed through a lease-purchase agreement with Microsoft and Hewlett Packard. The funding included federal coronavirus relief dollars through the CARES Act Fund, as well as government bonds from Shelby County and the City of Memphis.
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Representation of Frankston Packaging Company, a full-service manufacturer of custom and stock packaging solutions, in its Acquisition of Paco Label Systems, a supplier of flexible packaging and pressure-sensitive labels