Global law firm White & Case LLP has advised Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc, VTB Capital plc and Aton LLC, as Joint Bookrunners, on the RUB 10,416.7 million (approximately US$175 million) secondary public offering (SPO) of 138,888,888 existing ordinary shares in PAO ‘TMK’, a leading global manufacturer and supplier of tubular products for the oil and gas industry.
King & Wood Mallesons (KWM) has advised Auswide Bank Ltd in relation to its increased equity stake in P2P lender, MoneyPlace.
Auswide Bank first made a cornerstone investment in MoneyPlace in January 2016, while also committing funding to the Melbourne-based P2P lender’s consumer lending program.
The KWM team was led by Brisbane-based Partner Rhys Casey, supported by solicitors Akshay Naran and Mitch Fairbairn.
Goltsblat BLP, the Russian practice of international law firm Berwin Leighton Paisner (BLP), has advised ICBC International Leasing, the leasing subsidiary of the world’s biggest financial group, on delivery of six Airbus A321-211 aircraft to Aeroflot.
Aeroflot, the leading Russian airline, is continuing expansion and upgrading of its fleet, sustaining the significant financial growth achieved last year.
The cross-office BLP Asset Finance team engaged in the deal was led by Tom Budgett, Consultant, in London and Oleg Khokhlov, Partner, in Moscow.
Linklaters have advised on the US$1.1bn block sale of an 11% stake in HKT Limited by PCCW Limited - the first billion dollar block trade in Hong Kong for 10 months. The placing was announced on 13 February and closed on 15 February. Following the block sale PCCW now holds approximately 52% of HKT. Linklaters advised Goldman Sachs, the sole placing agent and bookrunner on the transaction.
PCCW Limited and HKT Limited are key players in telecommunications providing services such as telephone, data and broadband, mobile and television.
Linklaters is pleased to have advised long-term client BBVA on the sale of a US$590 million stake in China CITIC Bank. Goldman Sachs was the sole placing agent for the sale.
Linklaters Hong Kong-based partner Gilbert Li, commented: “This is yet another example of Linklaters leading position in the market as we recently acted on PCCW’s US$1.1 billion block sale of 11% in HKT – the region’s biggest block trade in 2017."
Simpson Thacher recently represented the dealers in connection with Sumitomo Mitsui Banking Corporation’s update of its US$50 billion Global Medium Term Notes Program and the offering of US$1.25 billion of senior notes thereunder. The senior notes were guaranteed by SMBC’s New York branch and offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. SMBC Nikko Capital Markets Limited, Barclays Bank PLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P.
Davis Polk advised IHS Markit Ltd. in connection with its Rule 144A/Regulation S offering of $500 million aggregate principal amount of its 4.75% senior notes due 2025. IHS Markit intends to use the net proceeds from the offering for working capital and other general corporate purposes, which initially included repayment of indebtedness under its revolving credit facility and may in the future include share repurchases pursuant to its previously announced share repurchase authorization.
Akina and Unigestion have announced their decision to merge their private equity businesses to create a leading expert in global small and mid-market private equity, with USD 6 billion in assets under management and 54 dedicated professionals located in Geneva, Zurich, London, New York and Singapore. Completion of the transaction is subject to the customary regulatory approvals.
We advised Global Work Life Oy in the sale of the shares in Opteam Yhtiöt Oy to Barona Group Oy.
The combined skills of Opteam and Barona create a new actor on the market that is able to deliver a wide range of solutions for personnel challenges in different business areas and for all stages of working life. Together, the companies employ approximately 25,000 individuals every year, mainly in Finland. Opteam will retain its name and brand after the transaction.
Credit Suisse (Switzerland) Ltd. was incorporated with the purpose to be organized as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed to evolve the legal entity structure of the Credit Suisse Group to meet regulatory requirements for systematically important banks.