Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising Shawbrook Group plc ('Shawbrook') and its principal shareholder, a fund advised by Pollen Street Capital, on Shawbrook’s initial public offering of its ordinary shares.
The Municipal Division of West Bromwich-based Ovivo UK Ltd has been bought by its management team in a deal which has been supported by Shawbrook Business Credit and law firm Irwin Mitchell.
The new business, which employs around 70 staff and has a turnover of £13m, is now known as Jacopa Limited. It is a leading player in the UK and Ireland wastewater sector and specialises in the provision of capital equipment and after-market parts and services.
Ashurst advised BNP Paribas Securities (Asia) Limited as the sole sponsor and sole global coordinator on China Animation Characters Company Limited's IPO on the Hong Kong Stock Exchange.
Slaughter and May, London and Hong Kong, advised Standard Chartered PLC on its issue of US$2 billion Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities. The Securities are convertible into ordinary shares of Standard Chartered PLC if at any time Standard Chartered PLC determines that its Common Equity Tier 1 ratio, calculated on a consolidated and fully loaded basis, is less than 7%. The Securities are listed on the Main Board of the Hong Kong Stock Exchange.
Allen & Overy said today that the EUR1.25 billion secured corporate refinacing of Alpha Trains, Europe’s largest and most diversified privately owned specialist train leasing company, marks a milestone for the bank/bond financing space in Europe.
Milbank has advised JPMorgan and Unicredit Bank AG as Mandated Lead Arrangers on a €1.3 billion financing supporting Wendel’s acquisition of Constantia Flexibles, an Austrian headquartered international packaging group. One Equity Partners and H. Turnauer Stiftung sold Constantia to Wendel in December 2014, in a deal that valued the firm at €2.3 billion.
Headquartered in Vienna, Constantia Flexibles produces packaging and labelling solutions for the food, pet food, pharmaceuticals, and beverage industries.
Haversham Holdings will issue 685.7 million new Ordinary Shares at a price of 150 pence per share, the proceeds of which will be used to fund the cash element of the consideration for the acquisition of the BCA Group and to repay part of the outstanding debt of the BCA Group. Haversham Holdings will be renamed BCA Marketplace plc on admission and will transfer its listing from AIM to the standard listing segment of the Main Market.
Orrick, Herrington & Sutcliffe (Europe) LLP represented Shore Capital as nominated adviser and broker to RedX Pharma on its initial public offering on London’s Alternative Investment Market (AIM).
RedX has raised £15 million and is valued at about £55.2 million on admission. It is a drug development company formed in 2010 that is focused on improving the characteristics of drugs in the areas of cancer and infectious disease.
Linklaters has advised Charity Bank pro bono on the Mercers’ Charitable Foundation’s investment of £1m by way of subscription for ordinary shares in a deal announced yesterday.
Clifford Chance has advised Sumitomo Mitsui Banking Corporation (SMBC) and German development bank KfW IPEX-Bank GmbH in relation to the debt financing of the procurement of a new fleet of passenger rolling stock for the Scotrail Franchise.
The financing will support the acquisition of 70 electric multiple units (46 three-car trains and 24 four-car trains), which will operate on the Edinburgh – Glasgow via Falkirk route as well as on suburban services from both cities to Stirling, Alloa and Dunblane, renewing the rolling stock on those routes.