Davis Polk advised the underwriters in a registered shelf takedown of 6,612,500 American Depositary Shares by YY Inc. The total proceeds of the shelf takedown were approximately $442 million.
YY Inc. is a NASDAQ-listed company and a live streaming social media platform in China. YY Inc. engages users in real-time group activities through online live media on PCs and mobile devices.
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, advised Non-Standard Finance plc (NSF or the Group) on the debt financing aspects of its £53,500,000 acquisition of George Banco Limited by NSF’s indirect subsidiary, Everyday Loans Limited (the Acquisition).
CMS Hasche Sigle has advised the Sparkassen-Finanzgruppe (German Savings Banks Finance Group) on the introduction of the paydirekt online payment method. The firm was instructed by Deutscher Sparkassenverlag, Landesbank Hessen-Thüringen Girozentrale and Landesbank Baden-Württemberg. paydirekt now enables 15 million Sparkassen customers to pay Internet sellers directly via their online current account. As a consequence, customers no longer need to provide third parties with access to their details, thereby ensuring a high degree of data security.
DLA Piper represented the underwriters in the US$40 million initial public offering of YogaWorks, Inc. (NASDAQ: YOGA). YogaWorks is one of the largest and fastest growing providers of high quality yoga instruction in the United States. Cowen and Company, LLC, Stephens, Inc. and Guggenheim Securities, LLC acted as joint book-running managers for the offering. Roth Capital Partners, LLC acted as lead manager and Imperial Capital, LLC acted as co-manager.
DLA Piper, together with Herzog Fox & Neeman, lead counsel to the financial adviser Citi, had advised on the acquisition of Plarium Global by Aristocrat Leisure. The USD 500 million deal is due to complete before 2018 and is likely to be one of the largest deals of its kind within the Israeli market.
Davis Polk advised the initial purchasers in connection with Atento Luxco 1 S.A.'s $400 million offering of 6.125% senior notes due 2022, which were issued pursuant to Rule 144A and Regulation S under the Securities Act. The notes are unconditionally and irrevocably guaranteed by Atento S.A., the parent company of Atento Luxco 1 S.A., and certain of its subsidiaries.
Davis Polk is acting as U.S. legal counsel to Morgan Stanley and Credit Suisse as financial advisers to Vantiv, Inc. in connection with its $10.4 billion acquisition of Worldpay Group plc. The transaction is subject to shareholder approvals and receipt of regulatory and merger control approvals, as well as other customary conditions.
Hannes Snellman acted as counsel to Max Hansson in the sale of PayEx to Swedbank.
Ashurst advised the joint bookrunners, Barclays, Deutsche Bank, Investec, J.P. Morgan and Morgan Stanley in Greenko's US$1 billion green bond offering, Asia's largest corporate dollar green bond issuance to date. J.P. Morgan acted as the lead green structuring agent.
Herbert Smith Freehills has advised the joint lead managers of Australia and New Zealand Banking Group Limited’s (ANZ) offer of new Additional Tier 1 capital securities known as ANZ Capital Notes 5 (Notes) (Offer).
ANZ also announced a buy-back facility under which eligible holders of CPS3 may apply to sell some or all of their CPS3 and reinvest the proceeds in the Notes or receive cash. The Offer will seek to raise up to A$1 billion.