International legal practice Osborne Clarke has advised LDC in its capacity as selling shareholder on the £140 million AIM IPO of premium British lifestyle brand, Joules Group plc.

Established in 1981, LDC is a leading player in the private equity mid-market and provides up to £100m of funds for buyouts and development capital transactions in UK unquoted companies. The IPO saw gross proceeds of £77.5 million raised by joint bookrunners Peel Hunt and Liberum Capital. Admission and dealings in the company's shares became effective today.

AG's Manchester Corporate team is advising Accrol, a leading independent tissue converter based in Blackburn, on its proposed IPO on AIM.

The AG team is being led by Corporate partner Roger Hart and includes managing associate Jamie Partridge and associates Ed Hamilton and Rachael Norris

Ashurst advised BP p.l.c. on the issue of £400 million cash-settled, non-dilutive convertible bonds. The bonds, which have a seven-year maturity, were issued by BP Capital Markets p.l.c. and guaranteed by BP p.l.c. Concurrently with the issue of the bonds, a subsidiary of BP p.l.c. purchased cash-settled call options on the ordinary shares of BP p.l.c. to hedge the exposure to pay cash amounts under the bonds upon any exercise of conversion rights. The proceeds of the issue of the bonds were used for general corporate purposes and to buy the cash-settled call options.

Gernandt & Danielsson advises in Strömma’s issue of corporate bonds amounting to SEK 300 million
Strömma Turism & Sjöfart AB (publ) has decided to issue corporate bonds amounting to SEK 300 million through a private placement. The bonds are issued within a framework amount of SEK 400 million. The company has undertaken to list the bonds on Nasdaq Stockholm.
 
Strömma is operative in the tourism business and is the market leader within the sightseeing segment in the Nordic countries.
 

Fieldfisher advised Investec Bank plc in connection with a placing it carried out for NAHL Group plc.  The fundraising of £14.6 million was used to part fund the acquisition of Bush & Company Rehabilitation Limited. Fieldfisher's team included corporate partners Neil Matthews and senior associate Edward Westhead.

Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm represented Yadea Group Holdings Ltd. (“Yadea Group”) in its US$166 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. China Securities (International) Corporate Finance Company Limited acted as the sole sponsor, together with J.P. Morgan Securities (Asia Pacific) Limited, Huatai Financial Holdings (Hong Kong) Limited and Alliance Capital Partners Limited as joint global coordinators, joint bookrunners and joint lead managers for the listing.

Global law firm Norton Rose Fulbright has advised Hang Sang (Siu Po) International Holding Company Limited on its Hong Kong IPO and Regulation S placing of shares.

The sponsors were VC Capital Limited and Gram Capital Limited.

The IPO recorded 2,182.33 times over-subscription, and is the third largest over-subscribed IPO ever in Hong Kong.

Sidley has advised the sole sponsor China Securities International and four underwriters China Securities International, J.P. Morgan, Huatai Financial Holding and Alliance Capital Partner in connection with the initial public offering of Yadea Group Holdings Ltd. on the Stock Exchange of Hong Kong with global placements pursuant to Regulation S and Rule 144A. Yadea is China’s leading manufacturer of electric two-wheeled vehicles, such as scooters and motorcycles. The total offering amount was approximately HK$1.29 billion (US$166 million).

Transaction marks the third high-profile Saudi IPO on which the firm has advised in 2016.

Travers Smith LLP has acted for Stifel Nicolaus Europe Limited in its capacity as placing agent and sole bookrunner on the £84 million offer for subscription and placing of ordinary shares by Target Healthcare REIT Limited.

The ordinary shares were admitted to trading on the premium segment of the Main Market of the London Stock Exchange on 12 May 2016.