Ashurst has advised BlueScope Steel Limited ('BlueScope') on its on-market share buy-back of up to A$150 million of its shares, announced 20 February 2017.
The buy-back will be funded from free cash flow as part of the Boards target to return 30-50 per cent of free cash flow, including capital management, to shareholders. The buy-back will cease within 12 months from the date of the announcement.
Baker McKenzie acted for Insight Capital Advisors Pty Ltd and Wilsons Corporate Finance Limited, as the Joint Lead Managers to the Ruralco pro rata accelerated non-renounceable entitlement offer and institutional placement (Equity Raising). Insight Capital Advisors has also acted as Capital Markets Advisor to Ruralco.
Ruralco is seeking to raise approximately $65 million under the Equity Raising to fund a portfolio of acquisitions and provide enhanced balance sheet flexibility.
Auris Medical Holding AG (NASDAQ: EARS) issued and priced its public offering of 10,000,000 common shares and 10,000,000 warrants, each warrant entitling its holder to purchase 0.70 of a common share. The common shares and warrants are being sold in units comprised of one common share and one warrant at the public offering price of USD 1.00 per unit. The warrants will be immediately exercisable at a price of USD 1.20 per common share and are exercisable for five years.
Global law firm White & Case LLP has advised Credit Suisse Securities (Europe) Limited, Morgan Stanley & Co. International plc, VTB Capital plc and Aton LLC, as Joint Bookrunners, on the RUB 10,416.7 million (approximately US$175 million) secondary public offering (SPO) of 138,888,888 existing ordinary shares in PAO ‘TMK’, a leading global manufacturer and supplier of tubular products for the oil and gas industry.
Freshfields’ multi-jurisdictional and multi-disciplinary team on the Terrafame transaction was led by partners Dougall Molson, Gabriel Mpubani and Richard Tett.
Linklaters have advised on the US$1.1bn block sale of an 11% stake in HKT Limited by PCCW Limited - the first billion dollar block trade in Hong Kong for 10 months. The placing was announced on 13 February and closed on 15 February. Following the block sale PCCW now holds approximately 52% of HKT. Linklaters advised Goldman Sachs, the sole placing agent and bookrunner on the transaction.
PCCW Limited and HKT Limited are key players in telecommunications providing services such as telephone, data and broadband, mobile and television.
White & Case LLP has advised PJSC 'Detsky mir', Russia's largest children's goods retailer, as issuer, and PJSFC Sistema, as selling shareholder, on the RUB 21.1 billion (approximately US$360 million) IPO of up to 33.55 percent of Detsky mir's ordinary shares on the Moscow Exchange.
It is the first Russian market IPO in ten years in the non-food retail segment, the first IPO in Russia this year and the largest in EMEA so far in 2017.
Gide advised Lysogene and the banking syndicate comprising Gilbert Dupont and Société Générale on Lysogene's initial public offering and listing on Compartment C of the Euronext regulated market in Paris, which raised approximately EUR 22.6 million by means of a capital increase.
Lysogene is a biotechnology company focused on developing innovative therapies to treat rare and genetic paediatric diseases of the central nervous system.
Yorkshire Business Sets Its Sights On Growth In US Market
Leeds-based smart home security company, Cocoon Alarm Ltd, has launched a bid to raise £2.5m to help fuel further growth in its innovative smart technology and build market share across the UK and US.
The company secured a £2.4m seed investment from Aviva Ventures and Breed Reply Investments in 2015 and is now looking to raise an additional £2.5m through leading investment crowdfunding platform, Crowdcube.
Travers Smith LLP has advised Zeus Capital Limited, as financial adviser and sole bookrunner, and Deloitte LLP, as financial adviser and sponsor, to Xafinity PLC (Xafinity), on its £190.3 million main market IPO. The IPO involved the conditional placing of £179.6 million of existing and new ordinary shares.
Xafinity is a pensions actuarial, consulting and administration business providing a wide range of advisory and compliance services to over 550 pension scheme clients which operate in a highly regulated environment.