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Banking & Finance - Capital Markets: Equity

Bär & Karrer Advised the Banking Syndicate in the IPO of Landis+Gyr

26 Jul 2017

The Innovation Network Corporation of Japan and the Toshiba Corporation have sold their shares in Landis+Gyr Group Ltd by way of an initial public offering (IPO) on the SIX Swiss Exchange. The shares of Landis+Gyr (ticker symbol: LAND) were priced at CHF 78.00 corresponding to a market capitalization of approx. CHF 2.3 billion, making it the largest IPO on the SIX Swiss Exchange since 2006 and the second largest IPO in Europe in 2017 to date. The shares were traded for the first time on 21 July 2017.

Norton Rose Fulbright acts on launch of L1 Capital UK Residential Property Fund

26 Jul 2017

Global law firm Norton Rose Fulbright has advised on the establishment and offering of L1 Capital UK Residential Property Fund.

L1 Capital is a specialist fund manager established in 2007 and manages money for a range of clients including large superannuation funds, financial planning groups, family offices and high net worth individuals.

Loyens & Loeff advised Griffin Premium RE.. N.V. with launching an initial public offering (IPO) on the Warsaw Stock Exchange.

25 Jul 2017

Loyens & Loeff advised Griffin Premium RE.. N.V., part of Poland-focused Griffin Real Estate, with launching an initial public offering (IPO) on the Warsaw Stock Exchange.

The offer consisted of newly issued shares as well as the sale of existing shares by current shareholders - Griffin Netherlands II B.V. and GT Netherlands III B.V, entities indirectly controlled by investment firm Oaktree Capital Group LLC.

Slaughter and May is advising Michael Kors on its £896 million recommended cash acquisition of Jimmy Choo

25 Jul 2017

Slaughter and May is advising Michael Kors Holdings Limited (Michael Kors) in relation to its recommended cash offer for Jimmy Choo plc (Jimmy Choo).

Under the terms of the acquisition, Jimmy Choo shareholders will receive 230 pence in cash for each Jimmy Choo share. The terms of the acquisition value Jimmy Choo at approximately £896 million.

Clifford Chance advises Commerzbank on EUR 260 million syndicated loan agreement for JOST Werke

25 Jul 2017

In the context of the IPO of JOST Werke AG, Clifford Chance has advised Commerzbank Aktiengesellschaft as documentation agent in relation to a EUR 260 million syndicated loan agreement for JOST Werke AG.

JOST Werke AG is a leading global producer and supplier of safety-critical systems to the truck and trailer industry and has been listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange since 20 July 2017.

Advised Orbimed Advisors, one of the leading debt investors in the life science sector

24 Jul 2017

Advised Orbimed Advisors, one of the leading debt investors in the life science sector, in a USD 100 Million debt financing of Pharming Group N.V. a Dutch listed company. The proceeds were used to redeem outstanding convertible bonds and an existing senior debt facility with Sillicon Valley Bank. As part of the transaction Pharming issued 9.2 million warrants to Orbimed.

Houthoff Buruma team included: Helena Sprenger

Gleiss Lutz advises Steinhoff on its debut in the Euro bond market

24 Jul 2017

Gleiss Lutz advised Steinhoff on its debut placement of a senior unsecured fixed-rate corporate bond with an aggregate principal amount of EUR 800mn. The bond, which will have a term of 7.5 years and bear an annual coupon of 1.875%, will be issued by the Austrian subsidiary Steinhoff Europe AG and guaranteed by Steinhoff International Holdings N.V., the Dutch parent company of the Steinhoff group. It was placed with institutional investors after a pan-European roadshow and will be issued in a denomination of EUR 100,000 on 24 July 2017.

Gleiss Lutz advises bon its debut in the Euro bond market

24 Jul 2017

Gleiss Lutz advised Steinhoff on its debut placement of a senior unsecured fixed-rate corporate bond with an aggregate principal amount of EUR 800mn. The bond, which will have a term of 7.5 years and bear an annual coupon of 1.875%, will be issued by the Austrian subsidiary Steinhoff Europe AG and guaranteed by Steinhoff International Holdings N.V., the Dutch parent company of the Steinhoff group. It was placed with institutional investors after a pan-European roadshow and will be issued in a denomination of EUR 100,000 on 24 July 2017.

Travers Smith advises Numis and Canaccord on £58.8 million capital raising by accesso Technology Group plc

24 Jul 2017

Travers Smith LLP has acted for Numis Securities Limited and Canaccord Genuity Limited in their capacity as joint underwriters and bookrunners on the £53.5 million vendor placing and concurrent £5.3 million cash placing (the "Capital Raising") by accesso Technology Group plc ("accesso").

NKF advises Landis+Gyr Group, Toshiba Corporation and INCJ in the IPO of Landis+Gyr on SIX Swiss Exchange

21 Jul 2017

On 21 July 2017, Landis+Gyr Group AG ("Landis+Gyr") announced the pricing of its initial public offering (“IPO”) on SIX Swiss Exchange at an offer price of CHF 78 per share, pricing at the top half of the offer price range. Trading of the Landis+Gyr shares on SIX Swiss Exchange commenced on the same day.

With a total offer size of CHF 2.3 billion the IPO of Landis+Gyr has been the largest IPO on SIX of the past ten years and thus far the second largest IPO in Europe of this year.