Latham’s Capital Markets teams ushered in the first IPOs of 2014. The firm advised Jefferies on the IPO of biotech company GlycoMimetics that was the first IPO to list on NASDAQ in 2014. The firm also advised Cypress Energy Partners on their IPO, which was the first IPO to list on the NYSE in addition to being the first Master Limited Partnership IPO of 2014. Congratulations to both Capital Markets teams and our clients!
Paul Hastings announced today that the firm represented UBS, Merrill Lynch International, DBS Bank, ICBC International and Macquarie as the joint lead managers in the issuance of US$400 million 5.125% guaranteed notes (the “Notes”) due 2019 issued by China Overseas Grand Oceans Finance II (Cayman) Limited and guaranteed by China Overseas Grand Oceans Group Ltd (“China Overseas” or the “Company”).
Paul Hastings LLP represented the banks on the financing of private equity firm Hellman & Friedman LLC’s purchase of Applied Systems Inc., a leading insurance software provider.
Credit Suisse AG and Cayman Islands Branch acted as administrative agents and Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Jefferies Finance LLC and UBS Securities LLC acted as joint lead arrangers and joinder bookrunners in connection with the financing.
Travers Smith Corporate Partner Andrew Gillen and Corporate Senior Associate Daniel Simons have advised Numis Securities Limited as sole sponsor, financial adviser, underwriter and broker on IP Group plc's ("IP Group") £75 million firm placing, placing and open offer and offer for subscription (the "Capital Raising") and as sole sponsor and financial adviser in connection with IP Group's recommended all-share offer for Fusion IP plc ("Fusion IP") (the "Acquisition").
Slaughter and May advised Standard Chartered PLC on its issue of SGD700,000,000 Callable Fixed-to-Fixed Rate Subordinated Notes due 2026 under its US$57,500,000,000 Debt Issuance Programme. Standard Chartered Bank acted as the sole lead manager and ICBC Asia, Maybank Kim Eng Securities Pte. Ltd and United Overseas Bank Limited acted as co-managers.
Slaughter and May worked as an integrated team with Allen & Gledhill LLP, who advised as to Singapore law.
CONTACTS
Herbert Smith Freehills has advised Standard Bank Group and CfC Stanbic Bank on the project financing of the US$150 million Kinangop wind farm project under development in Kenya, which reached financial close last month.
Clifford Chance has advised a banking consortium led by Barclays, Commerzbank, Merrill Lynch and Société Générale in connection with a bond issue in a total volume of EUR 2 billion by Bayer AG, Leverkusen.
The bond was launched in three tranches, namely two fixed-interest coupons and one floating rate coupon. The term of these bond tranches is between two and seven years.
The Clifford Chance team comprised partner Sebastian Maerker and associates Sven Kurzawe and Said Ashrafnia (all Banking & Capital Markets, Frankfurt).
White & Case LLP has advised Intesa Sanpaolo S.p.A. on a US$2.5 billion issuance of Yankee bonds under its US$15 billion Medium Term Note Programme.
The issue consists of a US$1.5 billion, 2.375 percent three-year tranche and a US$1.0 billion, 5.25 percent ten-year tranche. The notes placed in the U.S. and Canadian markets will be issued by Intesa Sanpaolo S.p.A. and guaranteed by its New York branch, in accordance with Section 3(a)(2) of the U.S. Securities Act.
Travers Smith corporate partner Helen Croke and corporate senior associate Chris Flavin have advised Government backed emerging markets investor, CDC Group plc and the World Bank’s investment arm, the International Finance Corporation, on their investment in a $250 million real estate project in Kenya.
Taylor Wessing acted for Arab Jordan Investment Bank (AJIB) on its exchange of contracts on 20 January 2014 with HSBC Bank Middle East to acquire HSBC's business and assets in Jordan. The transaction is expected to complete during the first half of 2014. It is one of the biggest banking deals that Jordan has ever seen.
AJIB has agreed to pay an undisclosed sum for the business, which at 30 September 2013 comprised four branches with gross assets of approximately $1.2 billion.