Axcel has announced the first closing of its new fund, Axcel V, with support from existing as well as new investors committing EUR 352 million corresponding to 65% of the fund’s Target of EUR 500 million.

Axcel Content

Axcel V will, similar to Axcel IV, mainly invest in leading mid-market companies in Denmark, Sweden and the rest of the Nordic Region aiding them with strategically important matters such as implementing growth strategies, international development or expanding their core business.

Copenhagen Infrastructure Partners with senior partners Jakob Baruël Poulsen, Rune Bro Róin, Torsten Lodberg Smed, Christian T. Skakkebæk and Christina Grumstrup Sørensen, have announced the first closing of  the new infrastructure fund, Copenhagen Infrastructure III K/S.

Copenhagen Infrastructure III Content

Herbert Smith Freehills has advised the underwriters of China New Higher Education Group Limited's IPO and listing on the Stock Exchange of Hong Kong.

The underwriters were BNP Paribas Securities (Asia) Limited, CCB International Capital Limited, CLSA Limited, China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited and First Capital Securities Limited. BNP Paribas Securities (Asia) Limited was the sole sponsor for the listing.

Watson Farley & Williams has advised AIM-traded Westmount Energy Ltd (“Westmount”) on a subscription raising £200,000 and an open offer of up to 11,285,167 new Ordinary Shares at 5 pence per share to raise up to approximately £550,000.

White & Case LLP has advised Kaupthing ehf (Kaupthing) on the US$448.2 million (around ISK49 billion) private placement of 582,922,113 ordinary shares in Arion Bank by Kaupskil ehf., a subsidiary of Kaupthing, to Goldman Sachs International (through a wholly owned subsidiary) and funds managed by Attestor Capital, Och-Ziff Capital Management Group and Taconic Capital Advisors.

Slaughter and May is advising WS Atkins plc on a recommended cash offer for Atkins’ entire issued and to be issued share capital by SNC-Lavalin. The offer was announced on 20 April 2017.

Under the offer, each Atkins shareholder will be entitled to receive 2,080 pence in cash for each Atkins share. The offer values Atkins’ issued and to be issued share capital at approximately £2.1 billion. The transaction is to be effected by court-sanctioned scheme of arrangement and is expected to complete in Q3 2017.

Weil is advising Dino Polska S.A., a major food retail chain in Poland, on its initial public offering on the Warsaw Stock Exchange. The total value of the IPO exceeds €388 million and is the largest initial public offering on the Polish market since 2013.

The Warsaw team included Capital Markets partner Marcin Chylinski, counsel Ewa Bober and associates Anna Blonska, Filip Lesniak and Krzysztof Jagiello. Head of the Warsaw Capital Markets practice Anna Frankowska focused on U.S. law issues and partner Peter King and associate Tomasz Rodzoch focused on U.K. law issues

Galenica (expected to be renamed Vifor Pharma) has sold its shares in Galenica Santé by way of an initial public offering (IPO) on the SIX Swiss Exchange. The IPO volume was CHF 1.9 billion making it the largest IPO announced in Europe so far this year. The shares of Galenica Santé (ticker symbol: GALE) were priced at CHF 39.00 and closed at CHF 43.00 on their first day of trading on 7 April 2017.