Our corporate team has advised the AIM quoted company on a placing that will help to deliver its current pipeline and ensure future growth.
The corporate team from Burges Salmon has advised energy storage and clean fuel company, ITM Power plc, an AIM quoted company, on its firm placing of new ordinary shares with institutional investors to raise £5.7 million. The new ordinary shares will be issued at 17 pence per share.
Stibbe advises the private equity firm Clayton Dubilier & Rice LLC on the dual-track exit process of Mauser Group N.V., a global producer of industrial packaging.
In this context, the Stibbe team initially advised on the potential listing of Mauser Group N.V. on NYSE and finally on the USD 2.3 billion private sale to Stone Canyon Industries, a private equity sponsor.
Lonza Group AG successfully placed 5 million shares by way of an accelerated bookbuilding and completed a capital increase of approximately CHF 865 million to partially finance the acquisition of Capsugel S.A. The offer price was set at CHF 173 per share. Merrill Lynch International and UBS AG acted as Joint Bookrunners in this transaction.
Shearman & Sterling advised the underwriters, led by Goldman Sachs International and J.P. Morgan, in connection with Banco Comercial Português, S.A.’s (BCP) capital increase of approximately €1.33 billion by way of a rights offering comprising the issuance of 14,169,365,580 ordinary shares. The syndicate of underwriters also comprised BofA Merrill Lynch, Credit Suisse and Mediobanca.
LETT assists Hydratech Industries A/S (”Hydratech”) in strengthening its equity with DKK 62m by a process where the largest shareholders have converted loans into equity. Its liquidity has been enhanced by new debt financing and extension of banking agreements with the Group’s financial lenders.
7 February 2017
HONG KONG, February 7, 2017 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised the joint bookrunners on a US$1.2 billion stock rights offering by BDO Unibank, Inc. (BDO).
Deutsche Private Equity (DPE), one of the leading German private equity firms, located in Munich, closed its third fund, "DPE Deutschland III", at the stipulated maximum cap of EUR 575 million in subscribed capital.
Due to the strong demand from institutional investors both in Germany and abroad, DPE was able to successfully close the fundraising within only six months; the demand greatly exceeded the stipulated maximum cap. Fund III invests in small and midsize growth companies, primarily in Germany, Switzerland and Austria.
Delphi has been legal advisor to Aligera AB (publ) in conjunction with the listing of its shares on Nasdaq First North. First day of trading is Wednesday, 1 February 2016.
Heuking Kühn Lüer Wojtek advised PA Power Automation AG on the entry of a new strategic investor as part of a capital increase.
Watson Farley & Williams (“WFW”) has advised Diversified Gas & Oil PLC (“DGO”) on its admission to trading on AIM and related placing to raise US$50m. This represents the largest oil and gas flotation in London since oil prices started to fall in mid-2014.
This listing takes DGO’s market capitalisation to US$86.4m (£69.17m), with shares in the company being priced at 65p. DGO opted to list in London and raise capital on AIM to expand because the US has no comparable junior market with a focus on growth companies.