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Finance & Banking

Squire Patton Boggs Advises on AIM Deals

11 May 2015

Squire Patton Boggs’ Capital Markets team has advised Peel Hunt on the AIM IPO of Curtis Banks Group plc, a leading provider of Self-Invested Pension products, principally SIPPs (Self Invested Personal Pension schemes) and SSASs (Small Self Administered Pension Schemes). Curtis Bank, which employs approximately 200 people in the UK, has raised £7.5 million in capital through the issue of new equity and had a market capitalization on float of £85 million. The Squire Patton Boggs team was led by Corporate partner Giles Distin and included Nina Martyres and Emma Mason.

King & Wood Mallesons acts on NAB’s $5.5b capital raising

11 May 2015

King & Wood Mallesons (KWM) has advised NAB on its significant capital raising to raise approximately $5.5b. The capital raising involves a 2 for 25 fully underwritten pro rata accelerated renounceable rights issue with retail rights trading (the Entitlement Offer) at an offer price of $28.50.

The capital raising will provide a buffer for anticipated regulatory changes and is available to facilitate a proposed demerger of its UK business.

Simpson Thacher Represents Initial Purchasers in £100 Million Notes Offering by Moy Park

07 May 2015

Simpson Thacher recently represented the initial purchasers, led by Deutsche Bank, Goldman Sachs and HSBC, in an offering by a finance subsidiary of Moy Park Holdings (Europe) Limited, of £100 million aggregate principal amount of 6.25% Notes due 2021, which were offered as a further issuance of the issuer's £200 million aggregate principal amount of 6.25% Notes due 2021 that were originally issued on May 29, 2014. The Notes are unconditionally and irrevocably guaranteed by Moy Park Holdings (Europe) Limited and certain subsidiaries.

Norton Rose Fulbright advises on listed solar bond refinancing of Grid Essence operating UK PV portfolio

07 May 2015

Norton Rose Fulbright has advised IDCM Limited (IDCM) on a listed solar bond issue and placement with Legal & General Investment Management (LGIM) Infrastructure, who acted on behalf of an external institutional investor. The issue date for the listed notes was reached on 5 May 2015.

Norton Rose Fulbright advises on the refinancing of US$800 million facilities to PacificLight Group

07 May 2015

Norton Rose Fulbright has advised the lenders on the refinancing of credit facilities to PacificLight Group (a consortium comprising First Pacific, Meralco and Petronas) towards the operation of a power project on Singapore’s Jurong Island.

The 781 MW combined cycle project is one of the first merchant power plants in Asia to be developed by an independent power producer, and sells electricity to the Singapore market. The power plant achieved practical completion in January 2014 and receives re-gasified LNG from the new LNG terminal on Jurong Island, Singapore.

Baker & McKenzie advised Carnegie and ABG Sundal Collier in connection with the IPO of Tobii

07 May 2015

Baker & McKenzie has advised Carnegie and ABG Collier in a deal worth SEK 510 Million ($61 million), to secure the IPO of Tobii.  Tobii is a global market leading provider of eye-tracking solutions and was listed on Nasdaq Stockholm on 24 April 2015, with a market cap value of SEK 2.1 billion.

A product with an integrated eye-tracking sensor knows what a user is looking at, making it possible to interact with computers and machines using your eyes. Tobii conducts its business through three business units:

Hengeler Mueller advises Bank of America Merrill Lynch on securitisation of The Squaire loan via Taurus 2015-2 DEU

07 May 2015

Bank of America Merrill Lynch has arranged a CMBS transaction via Taurus 2015-2 DEU. Bonds in a total amount of €445m were issued in six tranches to refinance a loan granted to a subsidiary of IVG Immobilien AG and secured by The Squaire located next to Frankfurt Airport.

Hengeler Mueller advised Bank of America Merrill Lynch in all aspects of this transaction. The Hengeler Mueller team included partner Martin Geiger (London) and counsel Axel Gehringer as well as associates Bernhard K. Quensel (both Frankfurt) and Malte Wundenberg (London) (all Financing).

Slaughter and May is advising Credit Suisse, J.P. Morgan Securities and Guotai Junan Securities - Wasion Group's top-up placing of shares

06 May 2015

Slaughter and May, Hong Kong, is advising Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities (Asia Pacific) Limited and Guotai Junan Securities (Hong Kong) Limited, acting as joint placing agents, in relation to Wasion Group Holdings Limited's (Wasion Group) top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares (the Shares) for a total consideration of HK$734.4 million (approximately US$94 million).

CHF 2,016,510,000 Notes Refinancing of SALT (Formerly: ORANGE)

06 May 2015

The two parent companies of Salt (formerly: "Orange Communications SA") Matterhorn Telecom S.A. and Matterhorn Telecom Holding S.A. issued CHF 2,016,510,000 (equivalent) aggregate principal amount of Senior Secured Notes due 2022 and Senior Notes due 2023 to redeem in full all existing notes and make a distribution to the group's shareholders. The notes were issued at a price of 100% of their principal amount. Credit Suisse Securities (Europe) acted as coordinator and as joint bookrunner together with J.P.

Deacons advises on HK$3,386 million open offer of shares by Hua Han Bio-Pharmaceutical Holdings Limited

05 May 2015

Deacons recently represented Haitong International Securities Company Limited as underwriter in relation to the HK$3,386 million open offer of shares by Hua Han Bio-Pharmaceutical Holdings Limited.

Hua Han Bio-Pharmaceutical Holdings Limited is an investment holding company. It manufactures and sells pharmaceutical, medicinal healthcare and biopharmaceutical products.

The team was led by partner Kelvan Cheung who was supported by associate Michelle Leung.