Ashurst has advised BofA Merrill Lynch, JM Financial, J.P. Morgan, Kotak and Morgan Stanley in connection with the US$450 million Indian IPO of PNB Housing Finance.  PNB Housing Finance is one of India's largest mortgage lenders and is backed by Punjab National Bank, one of India's largest banks, and the Carlyle Group. 

The transaction was led by corporate partner Stuart Rubin and counsel Ethan Perry.  The wider deal team included tax partner David Nirenberg and corporate associate Zak Worrall.

Ashurst is advising Smith Square Partners on the proposed takeover of Sepura plc by Hytera Communications Corporation Limited, announced today. The takeover, which is being implemented as a statutory scheme of arrangement, values the entire issued and to be issued ordinary share capital of Sepura at approximately £74 million.

Sepura is a leading global provider of critical communications solutions used by a wide range of public safety and commercial organisations.

Hogan Lovells, the global law firm, has advised the European Investment Bank (EIB) on a new €20 million loan to Amryt Pharma plc (Amryt), which has developed a new treatment for the rare and inherited skin condition called Epidermolysis Bullosa (EB).  Amryt is a specialty pharmaceutical company focused on developing and delivering innovative new treatments to help improve the lives of patients with rare or 'orphan' diseases.

The firm acted for Mount Street Mortgage Servicing Limited and also for the receivers KPMG

Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has advised on the sale of the London landmark CityPoint Tower to Brookfield Asset Management (‘Brookfield’) for in excess of £530m. The firm acted for Mount Street Mortgage Servicing Limited (‘Mount Street’) and also for the receivers KPMG.

King & Wood Mallesons (KWM) acted on behalf of joint lead managers Morgan Stanley and Deutsche Bank during Santos Limited’s recent A$1.5bn capital raising.

KWM Partners David Eliakim and David Friedlander advised on the equity raising, with the support of Solicitors Akshay Naran and Anna Chen in London.

Mr Friedlander said KWM offers a strong track record regarding significant capital raising initiatives, with the firm also advising on Santos’ $3.5bn capital raising in late 2015.

International law firm Ashurst advised the syndicate of lenders on the more than US$4 billion facility arranged by the Industrial and Commercial Bank of China for the construction of the Caculo Cabaca hydroelectric power project. 

With an installed capacity of more than 2,100MW, the project is a key part of the phased water resource development projects on the Kwanza river and expected to significantly contribute to the power supply security of Angola and nearby countries.

On 1 March 2017 Deutsche Börse will launch a new market segment for small and medium-sized enterprises (SME) to facilitate the access to the capital market for such enterprises. This new segment on the unofficial market (Freiverkehr) will replace the market segment Entry Standard, which will be terminated. Linklaters advises Deutsche Börse AG on specific aspects of the establishment of a new market segment for SMEs.

Lenz & Staehelin acted as counsel to the originator, Crédit Agricole Financements (Suisse) SA, in relation to one of the first securitizations of mortgage-backed loans in Switzerland in recent years. The mortgage-backed securities have been issued by a special purpose vehicle in Switzerland and have been placed with Swiss institutional investors. These senior debt tranches have been rated AAA by two international rating agencies.

White & Case LLP has advised a group of Chinese banks on facilities with a total commitment of around US$2.63 billion for a consortium led by Apex Technology Co., Ltd., PAG and Legend Capital Management Co., Ltd.

The facilities support the consortium's acquisition of Lexmark International Inc., a US-incorporated printer and software manufacturer. Lexmark was acquired for US$40.50 per share in an all-cash transaction with an enterprise value of approximately US$4 billion. The acquisition closed on November 28, 2016.

On 9th December, trading started in Edgeware AB's shares on Nasdaq, Stockholm. Edgeware is a global, high tech company which enables efficient and scalable streaming of TV and video over the internet. The company was founded in 2004 and has its head office in Stockholm, a subsidiary in USA and offices in Hong Kong as well as Mexico. The subscription price was set at 29 Swedish crowns which is the equivalent to a share market value in Edgeware of approximately 871 million Swedish crowns.