A team led by Dr. Thorsten Kuthe and Dr. Christoph Gringel advises FinTech company THE NAGA GROUP AG (NAGA) on its IPO. Heuking Kühn Lüer Wojtek acts as a transaction counsel for Hauck&Aufhäuser and NAGA. Listing of the shares is scheduled for July 10, 2017 on the open-market Scale segment – subject to earlier completion of the subscription. The offer is based on the securities prospectus approved by the German Financial Supervisory Authority (BaFin) on June 6. This is only the second IPO on Frankfurt Stock Exchange’s new Scale segment.
 

Travers Smith LLP has acted for Liberum Capital Limited in its capacity as placing agent on (i) a placing of £105 million of Ordinary Shares in Honeycomb Investment Trust plc (the "Fund") (the "First Placing"), and (ii) a further placing programme of up to 40 million Ordinary Shares and/or C Shares in the Fund.

The Ordinary Shares issued pursuant to the First Placing were admitted to trading on the Specialist Fund Segment of the London Stock Exchange's Main Market on 2 June 2017.

Ashurst has advised Champion Iron Limited (Champion Iron) in raising C$40 million in bridge financing to assist in financing the restart of the Bloom Lake Mine Project at its subsidiary level Quebec Iron Ore Inc. (the subsidiary which owns the Bloom Lake Mine).

Herbert Smith Freehills has advised The Prospect Japan Fund, a Guernsey-incorporated fund listed on the London Stock Exchange, on the c.US$147 million recommended takeover offer by Prospect Co., a Japanese-incorporated company listed on the Tokyo Stock Exchange.

The offer is an all-share offer of Japanese listed shares – believed to be the  first of kind in the UK – and is to be implemented by a Guernsey scheme of arrangement, subject to the satisfaction/waiver of customary conditions.

Travers Smith LLP has acted for Numis Securities Limited and Goodbody Stockbrokers as joint brokers and underwriters and Numis Securities Limited as nominated adviser in connection with the proposed £100 million placing and subscription (the "Fundraising") by Draper Esprit plc ("Draper Esprit").

Travers Smith LLP has acted for Numis Securities Limited in its capacity as sponsor, broker, underwriter and joint financial adviser in connection with the proposed £200 million firm placing, placing and open offer, and offer for subscription (the capital raising) by IP Group plc (IP Group).

The capital raising is conditional, amongst other things, on approval by IP Group's shareholders and may be increased so that gross proceeds would be approximately £266.6 million should there be sufficient demand.

Slaughter and May advised Honeycomb Investment Trust plc, a specialist lending fund established and managed by Pollen Street Capital Limited, in connection with a first placing of 10 million ordinary shares to raise gross proceeds of £105 million and the implementation of a placing programme of up to 40 million ordinary shares and/or C shares.

The issued shares will be admitted to trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market. Liberum Capital Limited acted as placing agent in connection with the first placing.

William Fry is advising the Minister for Finance on the proposed initial public offering (IPO) of 25% of Allied Irish Banks, plc (AIB). The IPO will see a return by AIB to the main markets of the Irish and London Stock Exchanges. The Irish State owns 99.9% of AIB’s Ordinary Shares, having made various investments in AIB totalling c.€20.8bn since 2009.

Simpson Thacher represented EQT in connection with the formation and raising of EQT Mid Market Europe. The fund closed at its hard cap of €1.6 billion.

EQT Mid Market Europe will make control or co-control investments in mid-sized companies based primarily in northern Europe.

Houthoff Buruma advised Reggeborgh on the IPO of Koninklijke VolkerWessels on Euronext Amsterdam and advised both Reggeborgh and Koninklijke VolkerWessels on all governance matters relating thereto, such as the preparation of the articles of association, the rules of the management board, the supervisory board and its committees, policies, the relationship agreement and the IPO decision-making. VolkerWessels is a market-leading construction company operating primarily in the Netherlands, the United Kingdom, Germany and North America.