Travers Smith corporate finance partner Adrian West and corporate finance associate Lucy Stephenson have advised Liberum Capital Limited in its capacity as nominated adviser and broker to Hotel Chocolat Group Plc ("Hotel Chocolat") in connection with its £167 million IPO and £55.5 million placing of new and existing shares.
Global law firm Norton Rose Fulbright has advised Investec Bank plc in its role as nominated adviser, sole bookrunner and broker in connection with the placing and the admission to AIM of the entire ordinary share capital of Midwich Group plc.
Midwich Group plc is a specialist audio visual and document solutions distributor to the trade market with operations in the UK and Ireland, France, Germany and Australasia.
BLP has advised Canaccord Genuity (joint bookrunner and Nominated Adviser) and Shore Capital Stockbrokers (joint bookrunner) on a £40m secondary placing by AIM-listed pharmaceutical company Vernalis plc, which was announced on Tuesday 26 April 2016.
Vernalis has conditionally raised £40m by way of a placing of 80 million new shares to existing and new institutional investors. Vernalis is a specialty pharmaceutical company with expertise in drug development.
Bellevue Group, an independent Swiss financial boutique listed on the SIX Swiss Exchange (ticker symbol: BBN), conducted a rights offering with Bank am Bellevue as lead manager to finance the acquisition of German-based asset manager StarCapital and to maintain its strategic flexibility. Lenz & Staehelin acted as transaction counsel.
The team included Hans-Jakob Diem, Patrick Schleiffer, Stefan Scherrer, Michael Kremer and Suzan Hacisalihzade.
The rights issue has been carried out in connection with AddLife’s listing on Nasdaq Stockholm (Mid Cap). The listing on Nasdaq was conducted in March 2016 and the subscription period in the rights issue expired on 25 April 2016. The interest in the rights issue has been high, and about 98.8 percent of the offered shares were subscribed for with subscription rights. The rights issue was oversubscribed by approximately 69.6 percent.
We have advised technology distributor Midwich Group plc on its £165 million AIM IPO and related £75 million fundraising.
Midwich is a specialist audio visual (AV) and document solutions distributor to the trade market, with operations in the UK and Ireland, France, Germany and Australasia.
Herbert Smith Freehills is delighted to have advised Aventus Retail Property Fund (Aventus) on its A$104.5 million fully underwritten 3 for 20 accelerated pro rata non-renounceable entitlement offer of units in Aventus (Units), announced to the ASX on 2 May 2016 (Offer). The Offer consists of an accelerated institutional rights issue and a retail rights issue, at an issue price of A$2.03 per new Unit.
Travers Smith LLP has advised the Pensions Infrastructure Platform on the successful first closing of PiP Multi-Strategy Infrastructure LP (the "Fund") with commitments from a number of UK pension funds.
The Fund will invest directly in UK infrastructure with the objective of producing the stable, long-term inflation-adjusted yields required by pension schemes to meet their long-term pension payment liabilities. Pension schemes will benefit from transparent, low cost fees that reflect the true cost of operation.
26 April 2016, Zhejiang Ant Small & Micro Financial Services Group Co., Ltd. (Ant Financial) announced its completion of series B round of US$4.5 billion fund raising transaction, which is the largest single private placement fund raising transaction so far in the Internet industry on a global basis. It is a landmark transaction to Ant Financial as well as to China’s Internet finance industry. This also shows the leading position of the Chinese model represented by Ant Financial in the global Internet finance industry.
Ashurst advised Atlantis Resources Limited ("Atlantis"), a recognised global leader in the tidal power sector, on a placing of new ordinary shares. The placing of 11,888,460 shares at 55 pence per share raised approximately £6.5 million
Atlantis plans to use the proceeds to fund project development activities across its project portfolio and for working capital.
The Ashurst team was led by corporate partner Michael Robins, assisted by solicitor Shari Taylor.