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Banking & Finance - Capital Markets: Equity

Milbank Advises on Highly Successful Equity Capital Raising by Top Indian Metals and Mining Producer Hindalco

14 Mar 2017

HONG KONG, March 14, 2017 – Milbank, Tweed, Hadley & McCloy LLP advised Bank of America Merrill Lynch, Axis Capital, Citi, JM Financial and SBI Capital Markets, as book-running lead managers, in the qualified institutional placement by global integrated aluminum and copper producer Hindalco Industries Limited. Hindalco is part of leading Indian conglomerate Aditya Birla Group, and parent company of US-based Novelis, Inc., the world’s leading flat-rolled aluminum producer.

CORESTATE's cash capital increases by approximately EUR 22.7 million

14 Mar 2017

Baker McKenzie advised CORESTATE Capital Holding S.A. (CORESTATE) on the capital increase from authorized capital with gross issue proceeds of approx.  22.7 million euros.

The new shares were placed by Berenberg Bank and Baader Bank with German and international institutional investors outside the US at a price of EUR 22.80 per share. The new shares were included in trading on the Entry Standard market segment of the Frankfurt Stock Exchange on 27 February 2017. Since 1 March 2017, the CORESTATE shares are trading in the new market segment "SCALE".

DDM Holding‘s public right issue

14 Mar 2017

On its extraordinary general meeting held on 8 March 2017 DDM Holding Ltd, a specialist acquirer of distressed asset portfolios in Central and Eastern Europe with its registered seat in Baar and listed on Nasdaq OMX First North (Ticker: DDM), resolved to increase its share capital by up to CHF 4,520,149.00 in a rights issue envisaged to raise up to SEK 104 million in fresh funds.

Slaughter and May advised SEGRO on its rights issue

14 Mar 2017

Slaughter and May is advising SEGRO plc (SEGRO) on its rights issue to raise approximately £573 million.

The proceeds of the rights issue, which was announced on Friday, 10 March, will be used in part to enable SEGRO to acquire full ownership of the Airport Property Partnership by purchasing the 50 per cent. stake it did not already own.

Bank of America Merrill Lynch and UBS Limited acted as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners and HSBC Bank plc, Barclays Bank PLC and BNP PARIBAS acted as Co-bookrunners.

Deutsche Bank AG Rights Offering

10 Mar 2017

Davis Polk is advising the joint bookrunners on a rights offering by Deutsche Bank AG of approximately 687,500,000 new ordinary shares of Deutsche Bank AG, which is expected to raise gross proceeds of approximately €8 billion (approximately $8.5 billion). Deutsche Bank is also acting as global coordinator of the offering.

King & Wood Mallesons advised the first Canadian resource company IPO in Hong Kong since 2012

10 Mar 2017

King & Wood Mallesons (KWM) has advised Persta Resources Inc (Persta, Stock Code: 3395) as its Hong Kong legal counsel on its HK$220 million initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited. The transaction marks the first Canadian resource company IPO in Hong Kong since 2012.

Allen & Overy advises Berenberg on private placement of around four million treasury shares by TAG Immobilien AG

09 Mar 2017

Allen & Overy LLP has advised Berenberg Bank as sole bookrunner in connection with the private placement of 4,095,124 treasury shares by TAG Immobilien AG. The shares were placed with institutional investors through an accelerated bookbuilding process. The placement price was EUR 12.48 per share, which equals a 2.0% discount to the last closing price on the Frankfurt Stock Exchange.

Travers Smith advises on £160m IPO of Impact Healthcare REIT plc

09 Mar 2017

Travers Smith LLP has acted as counsel to new real estate investment trust, Impact Healthcare REIT plc (the "Fund") in connection with its initial public offering and successful fundraising of £160 million.

The Fund's investment policy is to acquire, own, lease, renovate, extend and redevelop high quality, healthcare real estate assets in the UK and lease those assets, under full repairing and insuring leases, primarily to healthcare operators providing residential healthcare services.