Davis Polk advised Advanced Accelerator Applications S.A. on its approximately $150 million SEC-registered follow-on offering of American Depositary Shares representing its ordinary shares. Each ADS represents two ordinary shares of AAA. The ADSs are listed on the NASDAQ Global Select Market under the symbol “AAAP.”
Allen & Overy advised the bookrunning lead managers on the recent qualified institutions placement of shares by leading global auto parts business, Motherson Sumi Systems Ltd (MSSL).
The transaction involved a private placement of shares into the U.S. under Section 4(a)(2) of the U.S. Securities Act of 1933 (Securities Act) and an offering outside the U.S. in reliance on Regulation S of the Securities Act.
DWF has advised Investec Bank plc in relation to a £17m placing by AIM listed interior furnishings group Walker Greenbank plc
The firm’s London-based corporate team advised Investec, which acted as nominated adviser and broker to Walker Greenbank, in a transaction that will allow the furnishings company to fund its strategic acquisition of UK-headquartered fabrics distributor Clarke & Clarke.
DWF has advised Investec Bank plc in relation to a £17m placing by AIM listed interior furnishings group Walker Greenbank plc
The firm’s London-based corporate team advised Investec, which acted as nominated adviser and broker to Walker Greenbank, in a transaction that will allow the furnishings company to fund its strategic acquisition of UK-headquartered fabrics distributor Clarke & Clarke.
Squire Patton Boggs Equity Capital Markets team has advised Luceco plc, a manufacturer and distributor of high-quality and innovative LED lighting products and wiring accessories, on its successful initial public offering (IPO) and admission to trading on the Main Market of the London Stock Exchange. The IPO, which comprised an offer of new and existing shares in Luceco, was priced at 130 pence per share, which translates to a market capitalisation of approximately £209 million.
Squire Patton Boggs Equity Capital Markets team has advised Luceco plc, a manufacturer and distributor of high-quality and innovative LED lighting products and wiring accessories, on its successful initial public offering (IPO) and admission to trading on the Main Market of the London Stock Exchange. The IPO, which comprised an offer of new and existing shares in Luceco, was priced at 130 pence per share, which translates to a market capitalisation of approximately £209 million.
Clifford Chance Amsterdam has advised the Euronext listed company Refresco Group's three largest shareholders, Ferskur Holding 1 B.V. (an Icelandic consortium consisting of Stodir Hf, Kaupthing ehf and EAB ehf), Tamoa Limited (a wholly owned subsidiary of Hanover Acceptances Limited) and 3i (through 3i GC Holdings Ref 1 S.a.r.l. and 3i GC Holdings Ref 2 S.a.r.l.) in an accelerated bookbuilding process selling 8 million shares in the capital of Refresco Group N.V., the leading European bottler of soft drinks and fruit juices for retailers and A-brand owners.
Dechert LLP advised Navya in connection with its €30 million fund raising from Valeo, Keolis and Group8.
Founded in 2014, Navya is a French company that specializes in the development of innovative and sustainable mobility solutions. Navya constructs driverless, automated electric vehicles that are independent of all infrastructure, most notably the ARMA shuttle. These vehicles are designed for intelligent transport of both people and goods.
In September 2016, advised by King & Wood Mallesons (KWM), China Cinda Asset Management Co., Ltd. (China Cinda) launched its non-public issuance of U.S.$3.2 billion 4.45% Non-Cumulative Perpetual Offshore Preference Shares at par value of RMB100 per share (issued in US dollars). This project was the first offshore preference shares issued by a domestic non-banking financial institution, with the lowest coupon rate offered by a Chinese financial institution in an offshore preference shares issuance up to now.
Davis Polk advised Eramet in connection with the issue of approximately €100 million of Net Share Settled Undated Senior Unsecured Bonds Convertible into New Shares (“ODIRNAN”), supported by its two main shareholders, SORAME-CEIR and the French State via FSI-Equation. The issue of the bonds is aimed at strengthening Eramet’s balance sheet thanks to the equity accounting treatment of the bonds. The nominal value of the bonds, which have been issued at par, represents a conversion premium of 30% over Eramet's reference share price.