Global law firm White & Case LLP has advised Crédit Agricole, Natixis and Société Générale, as Joint Global Coordinators and Joint Bookrunners, and other banks as Joint Bookrunners, on Groupe Fnac S.A.'s €650 million offering of senior notes due 2023.
Simpson Thacher represented a finance subsidiary of Cognita in connection with its Regulation S offering of £45 million aggregate principal amount of its 7.75% Senior Notes due 2021. The proceeds of the offering were used to prepay amounts under Cognita’s revolving credit facility.
Cognita is a leading global operator of private-pay K-12 schools. As of May 31, 2016, it operated 69 schools across Asia, Europe and Latin America.
The Simpson Thacher team included Greg Conway, Adam Wollstein, Aled Knights and Jakob Egle (Corporate).
Nabarro is advising Stifel Nicolaus Europe Limited as nominated adviser, and Keefe, Bruyette & Woods (a trading division of Stifel Nicolaus Europe Limited) and Numis Securities Limited as joint Bookrunners on the £139.7m AIM IPO of Premier Asset Management Group plc (Premier), and the associated £63.7m placing for Premier and certain of its existing shareholders.
Linklaters has advised on the State Bank of India’s US$300m issuance of 5.5% Additional Tier 1 Perpetual Notes, the first offshore Basel III-compliant issue for an Indian bank. The SBI used its Dubai International Financial Centre Branch to issue the perpetual notes under its US$10bn MTN Programme. Linklaters acted for the joint lead managers, BAML, Citi, HSBC, J.P. Morgan, National Bank of Abu Dhabi, SBI Capital Markets and Standard Chartered Bank.
Linklaters was pleased to advise the Bank of East Asia on the sale by the Bank of East Asia and NWS Holdings of Tricor Holdings to private equity firm Permira.
“This transaction represents an excellent outcome for Bank of East Asia, which announced to the market some time back that it was conducting a strategic review of Tricor in line with its overall strategy,” said partner and Asia Head of Corporate, Robert Cleaver, Linklaters.
We advised O1 Properties Finance Plc, on Cyprus legal, tax and regulatory matters relating to its USD 350 million debut Eurobond issue, which was successfully concluded in September 2016. Following approval of the prospectus by the Central Bank of Ireland, the five-year 8.25% unsecured notes were placed with qualified investors and are listed for trading on the main market of the Irish Stock Exchange. The notes are guaranteed by O1 Properties Limited, the parent company of O1 Properties Finance Plc.
Davis Polk advised the initial purchasers in connection with a $400 million Regulation S offering by Fantasia Holdings Group Co., Limited (the “Company”) of its 7.375% senior notes due 2021.
The Banking & Finance, Capital Markets practice at Egorov Puginsky Afanasiev & Partners advised on the fourth mortgage asset securitization transaction for Absolut Bank.
October 1, 2016. AC Immune SA closed its IPO and listing on NASDAQ of 6,900,000 shares at a price of USD 11 each, valuing the gross proceeds of the IPO at USD 75.9 m. The IPO was conducted by Credit Suisse Securities (USA) LLC, Jefferies LLC and Leerink Partners LLC as joint-bookrunning managers. AC Immune SA is a Swiss clinical stage biopharmaceutical company focused on neurodegenerative diseases, based in Lausanne.
Davis Polk advised the lead dealer managers and the co-dealer managers in connection with a cash tender offer by Hess Corporation for any and all of its 8.125% notes due 2019 (the “Any and All Tender Offer”) and a waterfall cash tender offer for approximately $1.075 billion (less the aggregate total consideration for the Any and All Tender Offer) aggregate principal amount of three series of its outstanding notes.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.