Davis Polk advised Deutsche Bank AG, Hong Kong Branch as placing agent and settlement agent, and CLSA Limited as placing agent, of a placing of 89,242,500 new shares by Louis XIII Holdings Limited (Louis XIII) for a total consideration of US$94.77 million, as part of a financing round which also raised an additional US$38.7 million through the issue of convertible bonds by Louis XIII.
Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as representatives of the underwriters on the SEC-registered secondary offering of 9,947,821 shares of common stock of BankUnited, Inc. sold by investment funds affiliated with The Blackstone Group, The Carlyle Group, Centerbridge Partners, L.P. and WL Ross & Co. LLC. The shares of common stock sold in the offering include shares sold pursuant to the underwriters’ partially exercised option to purchase additional shares.
Davis Polk advised Citigroup Global Markets Inc. as underwriter in connection with a $400.2 million SEC-registered secondary offering of 15,000,000 shares of Vantiv, Inc.’s Class A common stock by certain funds managed by Advent International Corporation. The Class A common stock is listed on the New York Stock Exchange under the symbol “VNTV.”
Based in Cincinnati, Ohio, Vantiv is a leading, integrated payment processor differentiated by a single, proprietary technology platform.
Freshfields Bruckhaus Deringer has advised Industrial and Commercial Bank of China International, in its capacity as financial adviser to China International Marine Containers (CIMC), on a US$496m placement of H shares.
The H shares were issued to COSCO Container, Hony Capital and a special purpose vehicle formed by CIMC’s senior managers and employees.
The Freshfields team was led by Beijing corporate partner Richard Wang.
Freshfields Bruckhaus Deringer has advised China Everbright Bank on its US$3bn H-share IPO on the Hong Kong Stock Exchange, which took place today and is the largest IPO in Hong Kong in 2013.
China Everbright Bank is a state-owned commercial bank headquartered in Beijing. The bank listed its A shares on the Shanghai Stock Exchange in 2010.
Freshfields advised China Everbright Bank on both the United States and Hong Kong law aspects of the listing.
Baker & McKenzie advised Société Générale Corporate, Investment Banking (Société Générale) as arranger counsel in the second public ABS (asset-backed securities) transaction of Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK) in Germany.
Notes with an aggregate principal amount of EUR 1 billion secured by auto loan receivables were issued. The originator of the receivables is BDK. The transaction size was increased due to high demand. The Issuer is Red & Black Auto Germany 2 UG (haftungsbeschränkt). Société Générale was assigned with the placement of the notes.
Shearman & Sterling advised a group of holders of lower tier 2 bonds issued by The Co-operative Bank plc in connection with the bank’s £1.5 billion recapitalization plan. The recapitalization plan, if it receives noteholder approval, would be the first-ever creditor bail-in of a bank in the UK.
Shearman & Sterling represented Oesterreichische Kontrollbank (“OeKB”) in connection with OeKB’s public offering of $1 billion of its 0.750% Guaranteed Global Notes due 2016. The bonds are guaranteed by the Republic of Austria and will be listed on the regulated market of the Luxembourg Stock Exchange.
Sidley Austin has advised on Robinsons Retail Holdings, Inc.’s initial public offering (“IPO”) on the Philippines Stock Exchange. The IPO, which raised approximately US$622 million, is thought to be one of the most significant IPOs to be listed in the Philippines. Sidley acted for the underwriters, which included joint global coordinators Deutsche Bank, J.P. Morgan and UBS AG in the offering. Partner Alex Lloyd in Hong Kong led the Sidley team with support from associate Dorothy Dizon and legal assistants Jacqueline Lam and Eleni Panagios from the Hong Kong office.
Simpson Thacher represented the underwriters, led by joint book-running managers J.P. Morgan Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC and Jefferies LLC, in the initial public offering by The Container Store Group, Inc.