Simpson Thacher represented the underwriters, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and ICBC International, in connection with the initial public offering and listing on the NASDAQ Global Select Market of common shares of Athenex Inc. (“Athenex”). The offering of 6,900,000 shares of common stock raised US$75.9 million of gross proceeds to Athenex including full exercise of the greenshoe. Athenex’s common stock is traded on the NASDAQ Global Select Market under the symbol “ATNX.”

Squire Patton Boggs has acted as US counsel to the State Bank of India on its Rule 144A US$2.3 billion qualified institutional placement, the largest ever qualified institutional placement equity offering in India.

The State Bank of India is the country’s largest commercial bank. The transaction was managed by Deutsche Equities India Limited, DSP Merrill Lynch Limited, IIFL Holdings Limited, JM Financial Institutional Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited.

King & Wood Mallesons (KWM) has advised Guangzhou Rural Commercial Bank (Stock Code: 1551) as its PRC, Hong Kong and US counsel on its US$1.07 billion (before the exercise of the over-allotment option) initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. This is one of the biggest listings in Hong Kong in this year.

Sidley acted as the legal advisor to the joint sponsors and underwriters in the global offering of Guangzhou Rural Commercial Bank Co., Ltd. on the Stock Exchange of Hong Kong. Our clients were China International Capital Corporation, Hong Kong Securities Limited, China Merchants Securities (HK) Co., Limited, CCB International Capital Limited and ABCI Capital Limited as the joint sponsors, as well as the Hong Kong and International Underwriters. The total offering amount was approximately US$1 billion. This IPO marks one of the largest Hong Kong IPOs in 2017.

Cadwalader has advised Premium Credit Limited on its inaugural public issuance of GBP300 million notes backed by its insurance premia and payment plan receivables. The transaction is notable for its deployment of an innovative master trust programme structure, a first for this asset class. The issuance was arranged by Lloyds Banking Group and Bank of America Merrill Lynch.

Baker McKenzie’s Kyiv office has advised International Finance Corporation, a leading international investor in Ukraine’s private sector, on providing an eight-year loan worth around UAH 400 million (about USD 15 million) to Auchan Retail, which comprises the existing food retail channels in all countries: hypermarkets, convenience stores and e-commerce. With this loan, Auchan Retail will finance its long-term investments in Ukraine to support the development of local supply chains and improve standards in the domestic retail market.

MoneyPark, a technology-based mortgage intermediary, has acquired Lausanne-based Defferrard & Lanz SA. Defferrard & Lanz is a mortgage intermediary having a strong position in French-speaking Switzerland, while MoneyPark is primarily present in German-speaking Switzerland and Ticino.

Global law firm White & Case LLP has advised the bank syndicate led by HSBC as Global Coordinator on ORPAR's issue of €200 million zero coupon bonds due 2024 exchangeable for existing Rémy Cointreau shares, and the repurchase of its outstanding €170 million exchangeable bonds due 2019.

ORPAR, controlled by the Hériard Dubreuil family, holds 52.42 percent of the share capital and 67.64 percent of the voting rights of Rémy Cointreau, the French producer of cognac, liqueurs and spirits.

MILAN (June 19, 2017) – International law firm McDermott Will & Emery represented Fincontinuo S.p.A. as originator in a securitization transaction concerning receivables derived from consumer loans, supported by salary assignment and payment delegation, for a maximum amount of approximately €200 million. 

Dechert advised MSD Partners, L.P. in its partnership with CCMP Capital Advisors, LP and Alberta Investment Management Corporation to acquire Hayward Industries, Inc., a leading global manufacturer of residential and commercial pool equipment and industrial flow control products. MSD Partners is an SEC-registered investment adviser making investments across the globe in the debt and equity of public and private companies, real estate and other asset classes. The transaction is expected to close in the third quarter of 2017, subject to customary closing conditions.