Shearman & Sterling in association with Dr. Sultan Almasoud & Partners successfully represented Raydan Cuisines & Restaurants Company, a Jeddah-based Arabic cuisine restaurant chain, on its initial public offering on the newly launched Parallel Market (Nomu) of the Saudi Stock Exchange (Tadawul). The Parallel Market is designed for small and medium-sized companies and family businesses. The company floated 30% of its capital in an offering that was nearly five times oversubscribed and raised SAR 216 million for the selling shareholders.

Hogan Lovells' Paris office advised Indonesian oil company, Pertamina, on the successful completion of its tender offer for Etablissements Maurel & Prom.

Pertamina now owns 72.65% of the share capital, 52.09% of the outstanding Ornanes 2019, and 41.77% of the outstanding Ornanes 2021 of Etablissements Maurel & Prom. The enterprise value of Etablissements Maurel & Prom amounted to approximately €1.3 billion.

Schoenherr has advised publicly traded, global sugar, starch and fruit processor AGRANA Beteiligungsverwaltungs-Aktiengesellschaft ("AGRANA") as issuer on its successful rights offering of 1,420,204 new shares, combined with a secondary offering of 500,000 existing AGRANA shares held by Südzucker AG, one of AGRANA's core shareholders.
 

King & Wood Mallesons has advised Stanbic Bank Uganda Limited and SBG Securities Limited in connection with the private placement by Umeme Holdings Limited of its 14.3 % stake in the Ugandan power company Umeme Limited. Umeme Holdings Limited is a subsidiary of the leading private equity fund, Actis Infrastructure 2 LP (”Actis”).

Inventiva, a biopharmaceutical company developing innovative therapies, particularly to treat fibrosis, announced on 14 February its successful initial public offering on Compartment C of Euronext regulated market in Paris. The settlement date of the EUR-48-million operation was 16 February 2017.

Setterwalls has advised Oncopeptides AB (publ) in connection with its IPO on Nasdaq Stockholm. ABG Sundal Collier AB and Carnegie Investment Bank AB (publ) were Joint Global Coordinators and Joint Bookrunners. DNB Markets, a part of DNB Bank ASA, Sweden Branch, was Joint Bookrunner.

Clifford Chance Amsterdam advised three major shareholders of Euronext listed company Flow Traders N.V., US private equity firm Summit Partners and Flow Traders' founders Jan van Kuijk and Roger Hodenius, on the sale of approximately 5.9 million shares in the capital of Flow Traders N.V. through an accelerated bookbuilding process. Flow Traders is a leading global technology-enabled liquidity provider that specialises in exchange traded products. It has operations across 3 continents with its HQ in Amsterdam.

Clifford Chance advised the underwriters in connection with the capital increase of AGRANA Beteiligungs- Aktiengesellschaft, which consisted of two tranches with a total of 1,420,204 new shares and 500,000 existing shares held by Südzucker AG placed to investors at a price of EUR 100 per share. Berenberg, BNP Paribas, Erste Group and Raiffeisen Bank International acted as Joint Global Coordinators and Bookrunners.

HONG KONG, February 21, 2017 – In a landmark international capital markets transaction, Milbank, Tweed, Hadley & McCloy LLP advised BNP Paribas, Deutsche Bank, JP Morgan and Viet Capital as placement agents in the initial public offering by Vietnam’s leading budget airline, VietJet Aviation Joint Stock Company.

Infranode has closed its second investment round. Infranode has in total raised SEK 3,35 billion, of which SEK 1,9 billion was raised in the second investment round. The investors that participated in the second round are the European Investment Bank (EIB), Folksam and KPA Pension.

Infranode closed its first investment round in 2014 after having raised SEK 1,45 billion from IMAS Foundation and is aiming to close its third and final investment round in 2017.