Davis Polk advised Sumitomo Mitsui Banking Corporation in connection with a global medium-term note program update and a benchmark takedown, which consisted of $750 million aggregate principal amount of 2.092% senior notes due 2019 and $750 million aggregate principal amount of senior floating-rate notes due 2019, each guaranteed by SMBC’s New York branch.

SMBC is one of world’s largest commercial banks by assets.

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.25 billion aggregate principal amount of 2.778% senior notes due 2022, $750 million aggregate principal amount of 3.352% senior notes due 2027 and $500 million aggregate principal amount of floating-rate senior notes due 2022. The notes are structured to count as total loss-absorbing capacity (“TLAC”) when TLAC regulations are implemented in Japan.

Simpson Thacher represented Qudian Inc. (“Qudian”) in connection with its initial public offering and listing on the New York Stock Exchange. The offering was comprised of 43,125,000 American Depositary Shares, representing 43,125,000 Class A ordinary shares, and raised a total of approximately US$975.5 million in gross proceeds, including full exercise of the underwriters’ overallotment option. Morgan Stanley, Credit Suisse, Citigroup, CICC and UBS Investment Bank acted as representatives to the underwriters of the offering.

Slaughter and May advised Gocompare.com Group plc (GoCompare) in relation to a secondary placing of approximately 5.1 per cent. of GoCompare's share capital by its chairman, Sir Peter Wood.

The Slaughter and May team worked closely throughout with Nick Edwards, Chief of Staff, General Counsel and Company Secretary of GoCompare.

Düsseldorf-based lawyers Dr. Hans Gummert and Dr. Florian Brombach advised Walser Privatbank AG on the sale of its subsidiary Raiffeisen Privatbank Liechtenstein AG to Mason Strategic Investment Company Limited, a subsidiary of Hong Kong Stock Exchange-listed Mason Group Holdings Limited. The two Heuking Kühn Lüer Wojtek lawyers comprehensively advised Walser Privatbank on the complex cross-border transaction.
 

Slaughter and May advised NewDay Cards Ltd (NewDay Cards) and its affiliates in relation to a public debt issue under its credit card, store card and instalment credit securitisation.

The transaction involved the issuance, through a master trust structure, of £298.5 million of Series 2017-1 Floating Rate Asset Backed Notes (the Series 2017-1 Notes) by NewDay Partnership Funding 2017-1 plc.

Slaughter and May advised Legal & General Capital on the sale of Two Central Square, Cardiff to Credit Suisse Asset Management. The total consideration for the transaction is expected to be £56.5 million.
The property is currently under construction, but is expected to comprise approximately 148,000 sq.ft. of Grade A office space and is pre-let to Cardiff University and Cardiff based law firm Hugh James.

Travers Smith LLP has advised Numis Securities Limited in its capacity as sponsor, financial adviser and joint bookrunner and Panmure Gordon (UK) Limited in its capacity as joint bookrunner in connection with the £55.9 million placing of new shares by Hilton Food Group plc in connection with its acquisition of Icelandic Group UK Limited for £80.8 million.

The acquisition is a Class 1 transaction for Hilton and completion of the acquisition and the placing are therefore conditional upon obtaining approval from Hilton's shareholders.

Ashurst advised Jefferies, as sole bookrunner, in relation to an accelerated book build private placement of new shares by Kiadis Pharma N.V., a clinical stage biopharmaceutical company developing innovative products to make bone marrow transplants safer and more effective for patients suffering from blood cancers and inherited blood disorders.

Kiadis placed 2,250,000 new shares listed and traded on Euronext Amsterdam and Euronext Brussels with institutional investors for an aggregate amount of €18 million. 

Norton Rose Fulbright has advised Taaleri, a financial services company based in Finland, on its investment in Germany’s largest power generation project utilising geothermal energy which is planned to be implemented in the municipality of Icking, south of Munich. The project consists of five wells to be drilled and the power plant to be built over them.