Travers Smith LLP has advised longstanding client Liberum Capital Limited as placing agent and sole bookrunner on the £100 million IPO of Honeycomb Investment Trust plc.

Clifford Chance has advised the underwriters in various equity and debt capital markets offerings totalling approximately $6.8 billion by Solvay SA in connection with the financing of its acquisition of Cytec Industries, Inc.

King & Wood Mallesons (KWM) has advised Bank of Zhengzhou Co., Ltd. (Bank of Zhengzhou, Stock Code: 6196) as its PRC, Hong Kong and US counsel on its HK$ 5,082 million (before the exercise of the over-allotment option) initial public offering and listing on the Main Board of the Hong Kong Stock Exchange.

Linklaters advises Recruit Holdings on its $1.55bn all shares tender offer for USG People, the listed Dutch HR services company.

Delphi has assisted Rejlers in an accelerated bookbuilding process conducted by Skandinaviska Enskilda Banken as financial advisor to Rejlers. The subscribers in the share issue are a number of large existing and new shareholders, both Swedish and international institutional investors.

Clifford Chance has advised Huaneng Power International on its US$730 million placement of new shares. CITIC CLSA Securities was the sole placing agent. Huaneng Power International, tri-listed in New York, Hong Kong and Shanghai, is one of the largest power companies in the world.

The team was co-led by Fang Liu and Virginia Lee who were supported by senior associates Tianning Xiang and Corey Zhang, and associates Stanley Tan and Claire Cao.

Clifford Chance has advised on two recent headline deals in India.

Stephenson Harwood has advised Coupland Cardiff on the successful IPO of its listed Japanese equities investment trust.

The new investment trust, CC Japan Income & Growth Trust plc, will invest in the equities of Japanese listed companies. At launch it will be the only listed dedicated Japanese equity income investment trust.

Managed by Coupland Cardiff Asset Management LLP, an award winning Asian/Japanese investment management firm, the new trust aims to provide shareholders with dividend income combined with capital growth.

White & Case LLP has advised a syndicate of banks led by Natixis and BNP Paribas, as Global Coordinators, Joint Lead Managers and Joint Bookrunners, and HSBC Bank plc and J.P. Morgan Securities plc as Joint Bookrunners, on Parrot's €300 million right issue.

Founded in 1994 by Henri Seydoux and listed on the regulated market of Euronext Paris since 2006, Parrot creates, develops and markets advanced technology wireless products, particularly civil and professional drones.

Davis Polk advised Postal and Savings Bank of China (“PSBC”) in connection with its issuance and sale of over $7 billion worth of shares to a group of strategic investors. The investors include six international financial institutions UBS, JPMorgan, DBS, Canada Pension Plan Investment Board, Temasek and IFC, two state-owned enterprises China Life and China Telecom, as well as two Chinese Internet giants Ant Financial (an affiliate of Alibaba) and Tencent. The transaction also encompasses multiple levels of strategic collaboration between PSBC and the investors.