Kirkland & Ellis has advised private equity investors Bain Capital and Cinven on the successful takeover offer for the German pharmaceutical group Stada. With a total value of EUR 5.4 billion, this is the largest buy-out ever realized in the German market.
Simpson Thacher represented Welkin in connection with the formation of Welkin Capital Partners II. The fund reached a final close in August 2017 with $160 million in commitments. Welkin is a China-focused growth equity investment firm with a distinguished family heritage and strong entrepreneurial roots in the region.
The Simpson Thacher team consisted of Adam Furber and Michael Ceulen (Investment Funds); Katharine Moir and Sarah Katz (Tax); and Jeanne Annarumma (ERISA).
Noerr has advised TAG Immobilien AG on the issue of convertible bonds for €262 million and the purchase of existing notes issued by TAG Immobilien AG. The Frankfurt-based Noerr partners and capital markets experts Dr Laurenz Wieneke and Dr Julian Schulze De la Cruz acted for TAG.
Davis Polk advised the underwriters in a registered shelf takedown of 6,612,500 American Depositary Shares by YY Inc. The total proceeds of the shelf takedown were approximately $442 million.
YY Inc. is a NASDAQ-listed company and a live streaming social media platform in China. YY Inc. engages users in real-time group activities through online live media on PCs and mobile devices.
DLA Piper represented the underwriters in the US$40 million initial public offering of YogaWorks, Inc. (NASDAQ: YOGA). YogaWorks is one of the largest and fastest growing providers of high quality yoga instruction in the United States. Cowen and Company, LLC, Stephens, Inc. and Guggenheim Securities, LLC acted as joint book-running managers for the offering. Roth Capital Partners, LLC acted as lead manager and Imperial Capital, LLC acted as co-manager.
Milbank, Tweed, Hadley & McCloy LLP advised NetLink NBN Trust on the IPO of NetLink NBO Trust. The trust sold 2.9 billion units, including 185 million units for public offer.
Simpson Thacher represented Celltrion Healthcare Co., Ltd. (“Celltrion Healthcare”) in connection with the initial public offering of 24,604,000 shares of its common stock. The offering raised Won 1.01 trillion (approximately US$900 million) in gross proceeds for Celltrion Healthcare. The common shares of Celltrion Healthcare were listed on the KRX KOSDAQ Market of the Korea Exchange and offered by Celltrion Healthcare as a registered IPO in Korea and in reliance on exemptions under the U.S.
Haavind advisor to Axactor in connection with co-investment partnership with Geveran.
Haavind is assisting Axactor AB (publ) with a NOK 598 million private placement of shares in order to fund Axactors Equity investment in a portfolio investment company to be established together with Geveran Trading Co. Limited, a company indirectly controlled by Mr John Fredriksen (Geveran). The investment partnership will secure EUR 300 million in investment capacity.
DLA Piper in Casablanca has assisted Altus Strategies, an Africa-focused exploration project generator, on the Moroccan aspects of its admission to trading on the AIM market of the London Stock Exchange. The listing will allow the company to accelerate its growth through the acquisition and development of further projects in Africa.
Clifford Chance has advised UniCredit Bank AG on the EUR 200 million syndicate of financing for Vapiano SE via an international syndicate of lenders. This new financing allows for existing financing arrangements to be repaid and will also fund the continued growth of the Vapiano Group. The financing is a key step towards Vapiano's IPO. The initial listing occurred on 27 June 2017.