Travers Smith investment funds partner Will Normand and corporate assistant Leigh Stockey have advised Liberum Capital Limited and J.P. Morgan Cazenove in their capacity as joint brokers to P2P Global Investments plc in connection with its £400 million placing of C shares.
Travers Smith LLP has advised Elysian Capital on the successful final closing of the lower mid-market private equity fund Elysian Capital II LP (the "Fund"). The Fund raised a total of £250 million, with interest from both existing and new investors, meaning demand significantly surpassed the Fund's £250 million hard cap. Investors in the Fund include a diverse group of funds of funds, pension funds, sovereign wealth funds, insurance companies and family offices in Europe, the Middle East and North America.
Herbert Smith Freehills is advising Pepper Group Limited (Pepper) on its initial public offering (IPO) and listing on the Australian Securities Exchange (ASX). The offer consists of a broker firm offer, institutional offer, employee gift offer, personnel offer and priority offer (Offer) and Pepper’s market capitalisation is A$471 million at the offer price of A$2.60 per share.
SIX Group AG has announced that it has reached agreement with Deutsche Börse AG to sell its equity interest in STOXX AG and Indexium AG at CHF 650 million. SIX Group, which owns SIX Swiss Exchange, retains control of all its Swiss equity indices, including the blue chip Swiss Market Index and the broader Swiss Performance Index. STOXX AG and Indexium AG have previously been operated as joint ventures by SIX Group AG and Deutsche Börse AG. SIX has had an equity interest of 49.9% in STOXX AG and 50.1% in Indexium AG.
Ashurst has acted for Commonwealth Bank of Australia as the sole arranger and joint lead manager, and for Bell Potter Securities Limited, Lonsec Limited, Morgan Stanley Australia Securities Limited and Ord Minnett Limited as the joint lead managers of the initial public offering of shares in Platinum Asia Investments.
Platinum Asia Investments, a new ASX listed investment company launched by Platinum Asset Management Limited, is seeking to raise a minimum of A$150 million through the initial public offering.
Slaughter and May advised GKN plc (GKN) on the cashbox placing of up to approximately 5% of its existing issued ordinary share capital (the Placing) which raised gross proceeds of approximately £200 million. The Placing, which was announced on 28 July 2015, was conducted by an accelerated book-building process. J.P. Morgan Securities plc and UBS Limited acted as joint bookrunners in connection with the Placing.
Fiat Chrysler Automobiles N.V. (“FCA”) has announced that its subsidiary, Ferrari N.V. (“Ferrari”), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) for a proposed initial public offering of common shares currently held by FCA. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange (“NYSE”).
Ashurst has advised Macquarie Capital (Australia) Limited (MCAL) and UBS AG, Australia Branch (UBS) as the underwriters of DUET's A$1.67 billion fully underwritten placement and accelerated non-renounceable entitlement offer to fund the acquisition of ASX-listed Energy Developments Limited (EDL).
DUET entered into a scheme implementation deed with EDL under which it is proposed that DUET will acquire 100% of EDL's shares on issue by way of a scheme of arrangement for A$8.00 per share payable in cash.
SHL Telemedicine Ltd, Tel Aviv (SHL), a company listed on the SIX Swiss Exchange, and Shanghai Jiuchuan Investment (Group) Co., Ltd, Shanghai (the Purchaser) have entered into a merger agreement, pursuant to which the Purchaser will, through one of its wholly owned subsidiary, acquire the entire share capital of SHL by way of a reverse triangular cross border merger. The transaction is subject to the approval by the shareholders' meetings. The closing is expected to occur in Q4 2015.
SHL is a leading provider and developer of advanced personal telemedicine solutions.
On 22 July 2015, the European Investment Bank Group (EIB) and the European Commission signed an agreement to implement the Investment Plan for Europe (the Juncker plan).
As part of the deployment of the Juncker plan, Gide has advised the EIB on its first equity participation in a French fund: a €50 million commitment to the Capenergie 3 investment fund, managed by Omnes Capital and dedicated to developing renewable energies. Signed on 23 July 2015, this operation also represents the first renewable energy development operation under the Juncker plan.