Baker & McKenzie has advised Varia US Properties AG, a Swiss based real estate company, on the listing of its shares on SIX Swiss Exchange following its initial public offering. Varia hopes to raise CHF 124.7 million in gross proceeds from the offering, priced at CHF 35 per share. The proceeds will be used to buy new properties and to fund additional real estate acquisitions. The shares were listed on 8 December 2016.
Taylor Wessing has advised long standing client, Creo Medical Group plc, on its £1.4 million pre-IPO fundraising and subsequent £20 million primary fundraising by means of an IPO on the AIM Market of the London Stock Exchange. The market capitalisation of Creo Medical on admission will be approximately £61.3 million.
Creo Medical is focused on the development and commercialisation of minimally invasive surgical devices, initially in the area of gastrointestinal (GI) surgery and lung cancer. It has over 76 patents granted and 184 pending.
Pinsent Masons has advised Oxford Sciences Innovation plc (OSI) on its £230m financing round via a private placement of ordinary shares.
OSI provides capital and scaling expertise to businesses driven by intellectual property developed at the University of Oxford. The company's mission is to build on the University's mission as one of the world's leading research institutions, and further enhance its track record for developing globally successful businesses.
Clifford Chance advised the underwriters including China Securities, UBS, and ABCI Capital Limited, on CSC Financial Co. Ltd.'s US$992 million IPO and listing on the Hong Kong Stock Exchange. CSC Financial is a leading large full-service investment bank in the PRC which ranked sixth in terms of operating revenue and net profit for the six months ended June 30, 2016.
Fieldfisher has advised President Energy plc, the oil and gas exploration and production company, on a $20m fundraising as well as the restructuring of an existing $22m facility.
Dechert LLP advised Ginko Ventures in connection with the fund raising of €100 million for Devialet, a French developer of high-end audio systems. Ginko Ventures, the lead investor, led this co-investment with participation from international investors including Fowconn, Sharp, Renault, Playground World, Future French Champions, CM-CIC Investissement, BPI France, Korelya Capital and Naver. Created in 2007, Devialet is the world's most critically acclaimed start-up for the excellence of its innovations in sound technologies with 62 awards and 107 patents.
Gernandt & Danielsson has advised the managers (10 banks in total) with respect to Swedish law in connection with the IPO. Managers are in this context Goldman Sachs and Nordea as Joint Global Coordinators, Carnegie, Danske Bank, Deutsche Bank, J.P. Morgan and UBS as Joint Bookrunners and ABG Sundal Collier, DNB Markets and SEB as Co-Lead Managers.
On 9 December 2016, advised by King & Wood Mallesons (KWM), China Financial Co., Ltd. (CSC Financial, stock code: 6066) had its H shares listed on the main board of the Hong Kong Stock Exchange.
Milbank, Tweed, Hadley & McCloy LLP has recently advised on successful capital markets transactions for International Container Terminal Services, Inc. (ICTSI), Megawide Construction Corporation (Megawide), BDO Unibank, Inc. (BDO) and Pilipinas Shell Petroleum Corporation (Shell Philippines).
ICTSI
Baker & McKenzie successfully acted for Moelis Australia Advsory in its role as sole Lead Manager and Underwriter to the Centuria Capital Group’s (Centuria Capital) fully underwritten pro rata accelerated non-reunceable entitlement offer, placement and conditional placement (conditional on Centuria secrityholder approval) (Offer). The Offer is seeking to raise $150 million to partially fund the acquisition by Centuria of the majority of 360 Capital Group’s real estate platform for $217 million.