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Banking & Finance - Capital Markets: Equity

NagaCorp Ltd. $120 Million Private Placement

01 Sep 2016

Davis Polk advised the placing agents for the top-up placement of 190,000,000 shares in NagaCorp Ltd. for a total consideration of approximately $120 million.

NagaCorp is incorporated in the Cayman Islands with its shares listed on The Stock Exchange of Hong Kong Limited. It is primarily engaged in the operation of a hotel and entertainment complex in Cambodia.

The Davis Polk team included partners James C. Lin and Paul Chow, associate Yang Chu and registered foreign lawyer Xuelin (Steve) Wang. All members of the Davis Polk team are based in the Hong Kong office.

White & Case Advises Qatar Investment Authority on a US$622 Million Private Offering

31 Aug 2016

Global law firm White & Case LLP has advised the Qatar Investment Authority (QIA) in the purchase of shares in Empire State Realty Trust, Inc. (ESRT) (NYSE:ESRT) through a private offering worth approximately US$622 million. ESRT is a REIT with office and retail properties in Manhattan and the greater New York metropolitan area, including the iconic Empire State Building. The deal closed on August 23, 2016.

Pinsent Masons advises LoopUp Group Plc on its placing and admission to AIM

31 Aug 2016

International law firm Pinsent Masons has advised LoopUp Group plc on its £8.5m placing and admission to AIM.

LoopUp is a global software-as-a-service provider of remote meetings and is headquartered in Shoreditch, London. It employs approximately 100 people across offices in London, San Francisco, New York, Boston and Hong Kong.

The Pinsent Masons team advising on the transaction was led by corporate partner Russell Booker supported by Adam Murphy, Chris Watts, Philippa Ward and Charles Baker.

Taylor Wessing advises Notonthehighstreet.com on £21m Series E fundraising round

30 Aug 2016

International technology law firm Taylor Wessing has advised new client Notonthehighstreet.com on its £21m Series E fundraising round. The round was led by Hubert Burda Media – one of Europe’s leading media and technology companies – with additional support from Notonthehighstreet.com’s existing investors including Index Ventures, Industry Ventures and Eight Roads Ventures.

King & Wood Mallesons Advises Shanghai Film on its Listing on the Shanghai Stock Exchange

30 Aug 2016

Advised by King & Wood Mallesons (KWM), Shanghai Film Co., Ltd. (Shanghai Film) was successfully listed on the main board of Shanghai Stock Exchange (Stock code: 601595) with its initial public offering of A-shares in August 2016. Shanghai Film issued 93.5 million shares at RMB10.19 per share, raising approximately RMB952.765 million. It was another project that has regional and sectoral significance since KWM advised the Shanghai-based portal website Eastday Network on its successful listing on the National Equities Exchange and Quotations in 2015.

Noerr advises Isaria Wohnbau AG on capital increase and first delisting under new law

26 Aug 2016

Noerr has advised Isaria Wohnbau AG on its capital increase carried out in connection with its takeover by the US private equity investor Lone Star. The cash raised amounted to around €53 million. At the same time, Noerr assisted the Munich-based project development company in cancelling the admission of its shares to trading on the regulated market of Frankfurt Stock Exchange. This was the first withdrawal from the stock market under the new rules on delisting which have been in force since the end of 2015.

DWF advises AIM-listed CloudCall on £3million fundraise

25 Aug 2016

Leading legal business DWF has advised software and communications company CloudCall Group Plc on a successful fundraising of over £3million which will enable the software specialist to strengthen its sales and marketing services.

The AIM-listed company raised the money through selling shares on the London Stock Exchange with an oversubscribed premium of 3.6% to the closing price.

King & Wood Mallesons advises Everbright Securities on its initial public offering of H-shares in Hong Kong

25 Aug 2016

King & Wood Mallesons (KWM) has advised Everbright Securities Co., Ltd. (Everbright Securities) on its initial H-share issuance on the main board of Hong Kong Stock Exchange (Stock code: 06178) . Everbright Securities issued 680 million H shares (before exercising the overallotment option) priced at HK$12.68 per share, raising approximately HK$8.6 billion.

SSAB SEK 5 billion rights issue

22 Aug 2016

SSAB AB (publ) has carried out a new issue of approximately SEK 5 billion before transaction costs with pre-emptive rights for the shareholders.

SSAB is a Nordic and US-based steel company. SSAB offers value added products and services developed in close cooperation with its customers. SSAB has employees in over 50 countries and production facilities in Sweden, Finland and the US. SSAB is listed on Nasdaq Stockholm and has a secondary listing on Nasdaq Helsinki.