Baker & McKenzie has advised J.P. Morgan and Macquarie as joint lead managers of Steadfast Group Limited's [ASX: SDF] $300 million placement and accelerated non-renounceable entitlement offer to fund the acquisition of two underwriting and two broking businesses from QBE Insurance Group.
Partner Craig Andrade led the Baker & McKenzie team, which included senior associate Stratos Karousos.
Shearman & Sterling is representing Morgan Stanley and Bualuang Securities as joint global coordinators in connection with a THB 55 billion (US$1.685 billion) initial public offering of investment units of Jasmine Broadband Internet Infrastructure Fund (“JASIF”) and listing on the Stock Exchange of Thailand (“SET”), including an international offering in reliance on Rule 144A and Regulation S. The initial public offering is the first major IPO in Thailand this year.
Shearman & Sterling represented Credit Suisse, The Royal Bank of Scotland, Barclays, BNP Paribas, CM-CIC Securities, DNB Markets, Jefferies, KBC Bank, Lloyds Bank, Nordea and Société Générale as initial purchasers on Thomas Cook’s €400 million high yield bond offering.
Paul Hastings represented Citigroup and NH Investment & Securities as the placement agents in the US$1.05 billion sale of common shares of Hyundai Glovis Co., Ltd. by Mong Koo Chung, the chairman of Hyundai Motor Group, and his son Euisun Chung.
Hyundai Glovis is a global logistics company affiliated with Hyundai Motor Group and its common shares are listed on the Korea Exchange.
The Paul Hastings team was led by corporate partner Dong Chul Kim.
Dustin Group AB (publ) has today been admitted to trading on Nasdaq Stockholm. The listing included an offer by the company and its principal owner, Altor Fund II GP Limited, to the general public in Sweden and qualified institutional investors in Sweden and abroad to acquire existing and newly issued shares in the company corresponding to 45 per cent of the total number of shares. In addition, Altor has granted an over-allotment option of not more than 15 per cent of the offering. Altor remains the principal owner in Dustin following the listing.
L Capital Asia, the Asian private equity fund of luxury brands group LVMH, and M1 Fashion, a subsidiary of Lebanese investment firm M1 Group, have acquired a majority stake in Pepe Jeans Group, a Spanish headquartered international group of companies operating in the fashion industry, from Torreal SA, Artá Capital and L Capital Europe. The group includes Pepe Jeans London, which accounts for 70% of group sales and the Hackett brand, which accounts for the remaining 30% of group sales.
Simmons & Simmons is advising J.P. Morgan Cazenove as Sole Global Co-ordinator, Joint Bookrunner and Joint Corporate Broker; Merrill Lynch International as Joint Bookrunner and Joint Corporate Broker; and Goldman Sachs International as Joint Bookrunner, in connection with the proposed placing by BT Group plc (“BT” or the “Company”) of new ordinary shares of five pence in the Company (the “Placing Shares”) with institutional investors to raise approximately £1.0bn announced earlier today (the “Placing”).
Freshfields Bruckhaus Deringer has advised BNP Paribas on the issue of bonds by Qingdao City Construction Investment (Group) Limited (Qingdao City Construction).
The issue is comprised of two tranches – the US$500m bonds, due 2020 at 4.75 per cent and the US$300m bonds, due 2025 at 5.95 per cent.
Freshfields advised BNP Paribas in its capacity as the sole global coordinator for the bonds.
Noerr advised the banks on the conclusion of a new syndicated loan agreement for 86 million Euro with the specialty metal group SKW Metallurgie. Commerzbank AG and NordLB acted as arrangers.
Herbert Smith Freehills has recently advised a syndicate of banks on a €350 million refinancing transaction for Faively Transport.
On 28 January 2015, Faiveley Transport, a world-leading supplier of on-board railway systems, refinanced its syndicated loan and part of its bilateral revolving facilities, replacing them with a new syndicated loan.