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Banking & Finance - Capital Markets: Equity

Ashurst advises Aurelius on successful issuance of convertible bond with principal amount of €166.3m

02 Dec 2015

Ashurst advised Aurelius SE & Co. KGaA (Aurelius), a leading European investment group, on the successful placement of a convertible bond with a principal amount of €166.3 million. The senior, unsecured convertible bond is due at the end of 2020 and is convertible into new and/or existing ordinary Aurelius bearer shares with no par value.

The bond was offered to and placed exclusively with institutional investors in an accelerated bookbuilding process.

Herbert Smith Freehills advises Tyro Payments on A$100m capital raising

02 Dec 2015

Herbert Smith Freehills has advised Tyro Payments Limited on its A$100m capital raising, with capital being contributed by private equity fund Tiger Global, TDM Asset Management and existing shareholders.

Tyro is Australia’s only independent and fastest growing EFTPOS provider. Tyro serves 14,000+ customers, processes over $7 billion annually in card transactions, and has tailored best-fit solutions for the retail, health and hospitality sectors. Tyro joins the wave of Australian emerging companies showing strong signs of growth in the fintech industry.

King & Wood Mallesons advises Huaneng Power on its large-scale share placement

02 Dec 2015

King & Wood Mallesons has advised Huaneng Power International, Inc. (Huaneng Power, A-shares Stock Code: 600011, H-shares Stock Code: 0902) on its successful placement of 780 million new H-shares to ten shareholders under the general mandate. With a placement price of HK$7.32 per share, Huaneng Power raised approximately HK$5.71 billion (net amount is around HK$5,690 million). It is the largest new share placement in the Hong Kong capital markets since the market adjustments in July 2015.

Mills & Reeve advises Birmingham technology business on its £1.5m fundraising

02 Dec 2015

We have advised Smart Antenna Technologies (SAT) on its fundraising of up to £1.5 million. SAT, a spin-out from the University of Birmingham, has developed and patented pioneering smart antenna technology. The single antenna system solution is a flexible and compact design that can replace all existing antennas and is highly cost effective. The system has been specifically developed for devices with multiple wireless data connections, including smart phones, tablets and laptops.

Macfarlanes acts for Hollyport Capital on raising Hollyport V

02 Dec 2015

Macfarlanes has advised investment firm Hollyport Capital on the raising of its fifth fund, which closed above target with commitments of £187.5m.

This new fund will continue Hollyport Capital’s investment strategy of acquiring private equity interests on the secondary market in what are often smaller and more complex transactions, helping investors to manage and exit their legacy private equity holdings.

Herbert Smith Freehills advises NEXTDC Limited on its A$120 million fully underwritten equity raising

02 Dec 2015

Herbert Smith Freehills is delighted to have advised NEXTDC Limited (NEXTDC) on its A$120 million fully underwritten equity raising consisting of a A$50 million placement to institutional investors at A$2.55 per share (Placement) and a 1 for 6.23 accelerated non-renounceable pro-rata entitlement offer (ANREO) at A$2.25 per share, announced to the ASX on 23 November 2015 (Offer).

King & Wood Mallesons advises Colisée group on the refinancing of its debt

01 Dec 2015

King & Wood Mallesons has advised Colisée group on the refinancing of its debt. The refinancing was brought about by a senior debt of €310 million, provided by a banking pool composed of Crédit Agricole CIB, Crédit Mutuel CIC, Bank of Ireland, ING and Natixis.

Colisée group is a leading player in the retirement home sector in France. The group operates nursing homes and post-acute care and rehabilitation centers.

Advising Funding Circle on Listing and £150 million Equity Raise

01 Dec 2015

Simmons & Simmons has advised Funding Circle SME Income Fund Limited (the “Company”) on its placing and offer for subscription of £150 million ordinary shares in the Company (the “Ordinary Shares”), the establishment of a £350 million share issuance programme, and the Company’s admission to the premium segment of the official list (“Admission”) and trading on the LSE’s main market (together, the “Issue”).