Simpson Thacher, acting as sole international counsel, represented Société Générale, as arranger and dealer, and BNP Paribas, Citigroup Global Markets Inc., Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, The Hongkong and Shanghai Banking Corporation Limited, ING Bank N.V., Singapore Branch, J.P.
Allen & Overy LLP has advised Commerzbank AG as underwriters' counsel in connection with the successful initial public offering of Creditshelf AG. The bank assisted Creditshelf as sole global coordinator and sole bookrunner in going public.
The gross issue proceeds amounted to just under EUR 16.5 million. Thus, the total market capitalisation of the company, which is the first credit intermediary to use a digital platform for lending to small- and medium-sized enterprises, now amounts to EUR 106.5 million. The free float ratio is more than 20%.
Beijing and Hong Kong – Paul Hastings LLP, a leading global law firm, announced today that the firm advised Morgan Stanley, Goldman Sachs and China Merchant Securities as the joint sponsors in Ascletis Pharma’s US$400 million global offering and Hong Kong IPO, which is the first biotechnology company listing on the Main Board of the Hong Kong Stock Exchange under Chapter 18A, the new chapter of the Listing Rules effective since April 2018 designed to attract early-stage biotech companies.
Simpson Thacher represented the underwriters including, Goldman Sachs (Asia) L.L.C. and Credit Suisse, in connection with the initial public offering and listing on the NASDAQ Global Market of the American Depository Shares (ADSs) of Aurora Mobile Limited (“Aurora Mobile”). The offering of 9,060,000 ADSs, representing 6,040,000 Class A common shares, raised a total of US$71.7 million in gross proceeds from the IPO before the exercise of underwriters’ overallotment option.
Matheson advised FEXCO and Goodbody on the proposed acquisition of Goodbody Stockbrokers by a Chinese consortium led by the Zhongze Group. The transaction, which is subject to regulatory approval, is expected to close by the end of the year and will see the Consortium take 100% ownership of Goodbody.
Ciaran Healy, Corporate M&A Partner at Matheson said:
Milbank, Tweed, Hadley & McCloy LLP has represented a committee of export credit agencies, facility agents and investment banks holding approximately $1 billion of unsecured debt in the restructuring of the Brazilian telecommunications company, Oi S.A. Taking over two years and spanning multiple jurisdictions, Oi’s debt restructuring is the largest insolvency in Brazilian history and largest debt restructuring in Latin America with over $20 billion of debt restructured as part of the transaction.
Leading global law firm Herbert Smith Freehills has worked with foreign law alliance partner Prolegis to advise a bank syndicate on a US$338 million financing for a Philippine company's majority stake in one of Asia's largest agribusiness companies.
The syndicate – comprising DBS Bank, Mizuho Bank, MUFG Bank and Standard Chartered – provided financing for AEV International Pte Ltd, a subsidiary of the Philippines' Aboitiz Equity Ventures (AEV). AEV is the public holding company of the Aboitiz Group, one of the Philippines largest conglomerates.
Osborne Clarke acted for Banca Sella Holding SpA in the acquisition of Smartika SpA, the first company to operate in Italy in the peer-to-peer lending sector – online loans between private individuals already widespread in Great Britain and the United States and in constant growth in Italy.
International law firm Pinsent Masons is advising Barclays on the development of a new state-of-the-art campus to be built at a new major mixed-use scheme on the banks of the River Clyde, to be known as Buchanan Wharf, Glasgow.
CMS advised Kreditech Holding SSL GmbH, a financial service German company, on the sale of 100% shares in its Czech subsidiary, Kreditech Ceska Republika s.r.o., to Kancelaria Medius S.A.
Kreditech Ceska Republika s.r.o. was sold upon the share purchase agreement executed on 14 December 2017 in Prague while the final post-signing covenant was fulfilled on 30 June 2018.