Travers Smith LLP has advised Hostelworld Group plc, the world’s leading hostel-focused online booking platform, on its £177 million IPO.
Hostelworld Group, which was established in 1999 offers a comprehensive online booking experience facilitating transactions between customers and suppliers of hostels and other forms of budget accommodation. The Group’s business is focused on the hostels and budget accommodation sector of online travel.
Squire Patton Boggs in Singapore has announced that it is representing HSBC Securities, Axis Capital, ICICI Securities and Edelweiss Capital as US/international counsel on the approximate US$300 million Initial Public Offering (IPO) by Equitas Holdings Limited, one of the largest non-banking financial services companies in India. Equitas is the first Indian small finance bank to go to market and one of the largest initial public offerings out of India this year.
DLA Piper has advised Freedom Foods Group Limited (ASX:FNP) (Freedom Foods) on its AU$65 million equity raising via a placement and accelerated non-renounceable entitlement offer.
The funds raised will be used to support Freedom Food's growth strategy including the acquisition of Oat based Cereal and Snack manufacturer, Popina Foods, for approximately AU$35 million (total enterprise value), the construction of a new UHT processing facility at Ingleburn in South West Sydney and other future growth opportunities.
Dechert LLP advised Accel Partners, a U.S. venture capital firm, in the IPO of Showroomprivé, a French online retailing Group created in 2006.
White & Case LLP has advised a syndicate of banks led by Goldman Sachs and Deutsche Bank on the initial public offering of Showroomprivé.com on the regulated market of Euronext Paris.
Herbert Smith Freehills has advised Aventus Retail Property Fund (Aventus) on its successful initial public offering (IPO) and listing on the ASX on 16 October. The offer consisted of an institutional offer, broker firm offer and priority offer (Offer) and valued Aventus at A$686.5 million at the offer price of A$2.00 per unit.
Tele Columbus AG, the third largest German cable network operator, has announced the launch of a capital increase for the purpose of financing the major acquisitions of this year. With the proceeds of the capital increase by way of a rights offering, Tele Columbus will repay an equity bridge loan and part of a second lien facility for the PrimaCom acquisition completed in July 2015 as well as partly fund the acquisition of pepcom announced in September 2015. Tele Columbus expects gross proceeds from the offering in the amount of approximately €382.7m.
26 October, 2015, King & Wood Mallesons (KWM) advised China Reinsurance (Group) Corporation (China Re) on its successful listing on the main board of the Hong Kong Stock Exchange (Stock Code: 1508). The listing saw China Re issue 5.769 billion H shares (before exercising the over-allotment option), with approximately 90% of shares offered internationally, and the remaining 10% available in the Hong Kong (HK) market. Pricing its shares at HK$2.79 per share, the Group raised approximately HK$15.6 billion, making it the second-largest IPO in Hong Kong this year.
DLA Piper has advised Link Group on its initial public offering (IPO), the largest IPO of the year in Australia, with a market capitalisation of AU$2.3 billion as it listed on the ASX today, 27 October 2015.
Link Group is a market leading provider of technology-enabled administration solutions, with approximately 4,300 employees across 11 countries, supporting some of Australia's largest superannuation funds and the world's largest corporations.
Credit Suisse Group AG (SIX: CSGN) announced that it plans to issue new shares in a total amount of CHF 6 bn (€ 5.55 bn). A first tranche of this capital increase shall result in the issuance of registered shares to certain qualified investors. The second tranche shall be executed by way of a rights offering to existing shareholders, underwritten by a banking syndicate. Both tranches are subject to shareholder approval in an extraordinary general meeting planned for November 19, 2015.