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Banking & Finance - Capital Markets: Equity

Clifford Chance advises on Indiabulls Housing Finance's US$600 million share placement

16 Sep 2015

Clifford Chance has advised the lead managers BofA Merrill Lynch, CITIC CLSA Securities, SBI Capital Markets and Axis Capital on the approximately US$600 million Regulation S / Rule 144A qualified institutions placement of 56,934,372 equity shares at Rs.702 per share of Indiabulls Housing Finance Limited (IHFL). IHFL is listed on the BSE Limited and the National Stock Exchange of India Limited.

Partner Rahul Guptan led on the deal and said, "We were very pleased to advise on one of the Indian equity capital market's largest trades so far this year."

Eversheds advises CRDB Bank plc on innovative rights issue in Tanzania

16 Sep 2015

Eversheds has advised CRDB Bank Plc, the largest domestic bank in Tanzania, on its capital raising of approximately US$78 million through a fully underwritten rights issue on the Dar es Salaam Stock Exchange.

The net proceeds of the rights issue will be used primarily to maintain CRDB’s capital adequacy ratio as required by the Bank of Tanzania in line with the implementation of CRDB’s 5 year strategic plan, to fund network expansion in Tanzania and the wider region and to invest in IT systems and processes for efficiency improvement.

Squire Patton Boggs Advises on Two India IPOs

15 Sep 2015

US$56 million IPO of the first dairy company to list in India and US$42 million IPO of Power Mech Projects Limited; one of the most subscribed offerings in India in 2015   

(SINGAPORE – 14 September, 2015) – Squire Patton Boggs in Singapore has announced that it has advised on a brace of transactions; advising on the US$56 million Initial Public Offering (IPO) of Prabhat Dairy Limited, the first Indian dairy company to list publicly, and the US$42 million IPO of Power Mech Projects Limited, one of the most subscribed offerings in India this year.

Corporate team advises on Redhall Group’s placing and open offer

14 Sep 2015

Walker Morris has advised Altium Capital, as nominated adviser, and WH Ireland, as broker, on the placing and open offer by the manufacturing and specialist services group, Redhall Group plc, to raise £5.8 million.
The Placing Shares are being placed with new and existing institutional and other shareholders by WH Ireland at a price of 5 pence per share.
In addition, Alphagen Capital (formerly Henderson Alternative Investment Advisor), HSBC Bank plc and the Company have entered into an agreement to capitalise £3 million of debt, at 5 pence per share.

WOLF THEISS ADVISES VTB BANK (AUSTRIA) AG ON A SUCCESSFUL CAPITAL INCREASE OF EUR 200 MILLION

10 Sep 2015

VTB Bank (Austria) AG ("VTBA") has successfully increased its Common Equity Tier 1 capital ("CET 1") by way of a capital increase in the amount of EUR 199,995,107.00 up to a total of EUR 412,671,129.00.

The capital increase of VTBA was registered with the Austrian Commercial Register (Firmenbuch) at the Commercial Court (Handelsgericht) of Vienna on 4 September 2015.

Charles Russell Speechlys advises Harvest Minerals Ltd on its admission to AIM

09 Sep 2015

Charles Russell Speechlys was pleased to act for Harvest Minerals Ltd on its admission to AIM on Monday 7 September 2015. Harvest is admitted to the Official List of ASX where the quotation of its securities commenced on 15 September 2010.

Harvest (or “the Group”) is a mining company with potash and phosphate exploration and development projects located in Brazil. The Group has three principal fertilizer projects – the Sergi Potash Project, the Capela Potash Project and the Arapua Fertilizer Project.

Milbank Advises Zegona on Equity Raise and Debt Financing for the Acquisition of Telecable

09 Sep 2015

Milbank, Tweed, Hadley & McCloy LLP has advised Zegona Communications plc on the equity raise and debt financing for the acquisition of Spanish cable operator Telecable from Carlyle Group and Liberbank SA.  Zegona Communications plc was set up by the former Virgin Media executives Eamonn O'Hare and Robert Samuelson.

The acquisition was funded with a combination of £251 million (US$389.8 million) of new equity, backed by institutional investors, funds from Zegona's recent float and a new senior secured debt facility arranged by Goldman Sachs.

ADC Therapeutics secures USD 80m financing to progress its pipeline of Antibody Drug Conjugate Therapeutics in Oncology

08 Sep 2015

ADC Therapeutics, an oncology drug discovery and development company that specializes in the development of proprietary Antibody Drug Conjugates (ADCs) targeting major cancers, announced that it has raised USD 80 million through a private placement of equity. New investors include leading European and US-based investors alongside founding investor Auven Therapeutics and participation from AstraZeneca.

Charles Russell Speechlys advises Eden on its mandatory cash offer for Eredene

07 Sep 2015

Charles Russell Speechlys acted as solicitors to Eden Investment Holding Company Pte Ltd (Eden) on its unconditional mandatory cash offer for the entire issued share capital of Eredene Capital Limited (Eredene), other than shares already held by Eden and its concert parties (Offer).

The Offer closed on 3 September 2015, resulting in Eden and its concert parties holding an aggregate interest of 78.66% in Eredene.

BLP advises Prairie Mining on first ever ASX, LSE and WSE listing

04 Sep 2015

Berwin Leighton Paisner (BLP), has advised Prairie Mining on its standard listing on the Main Market of the London Stock Exchange (LSE) which admitted today. Prairie Mining is developing the Lublin Coal project in Poland and has recently agreed an up to A$83m capital injection from mining private equity fund, CD Capital, subject to shareholder approval.