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Banking & Finance - Capital Markets: Equity

KWM acts for GARDA Capital Limited: GARDA Diversified Property Fund lists on ASX

06 Jul 2015

KWM has continued its run of IPOs, acting for GARDA Capital Limited, the responsible entity for the GARDA Diversified Property Fund in connection with its initial public offering and ASX listing.

The Fund is expected to commence trading on ASX today and will have an initial market capitalisation of approximately $97.2 million. With six commercial properties and one industrial property, the Fund offers investors a diversified portfolio through tenant profile, geographic location and building type.

Nordic Capital portfolio company Europris listed on Oslo Bors

02 Jul 2015

Nordic Capital’s portfolio company Europris has been approved for trading on Oslo Bors and been refinanced in connection with the listing. Nordic Capital Fund VII was the majority shareholder divesting in the offering.

Europris is Norway’s largest discount variety retailer by sales. The company was established in 1992 and today has over 220 stores throughout Norway. Nordic Capital is a leader in private equity investments in the Nordic region. Its acquisition of Europris was made in 2012 via Nordic Capital Fund VII.

King & Wood Mallesons advised Greenland Group on Di Chan Bao Project

01 Jul 2015

King & Wood Mallesons (“KWM”) advised Greenland Group (“Greenland”) on its successful initial issuance of “Greenland Di Chan Bao” on Guizhou Greenland Financial Exchange, a subsidiary of Greenland Financial Exchange. Greenland’s first online debt product was offered through Zhaocaibao – a platform owned by Ant Financial. With an initial issuance of RMB 200 million, a return of 6.4% per annum and a tenor of one year, Greenland Di Chan Bao was sold out within half an hour on its first day of listing.

Herbert Smith Freehills advises Joint Lead Managers on Westpac’s sell down of shares in BT Investment Management

30 Jun 2015

Herbert Smith Freehills has advised UBS AG, Australian Branch (UBS) and Macquarie Capital (Australia) Limited (Macquarie) as joint lead managers in relation to Westpac Banking Corporation’s (Westpac) sell down of shares in BT Investment Management Limited (BTIM) by way of a fully underwritten institutional offer of 55 million shares (approximately 19% of BTIM’s issued capital) at A$8.20 per share, for total consideration of A$451 million, and a fully underwritten retail offer to existing Westpac and BTIM shareholders of 27 million shares (approximately 9% of BTIM’s issued

Clifford Chance advises Coor Service Management and Cinven on SEK3.6 billion (USD 446m) IPO

30 Jun 2015

Clifford Chance advised Coor Service Management (Coor) and Cinven on Coor's SEK 3.6 billion IPO. The company was listed on the NASDAQ OMX Stockholm on 16 June 2015 and was many times oversubscribed.

Following completion of the offering, Cinven raised SEK 542.3 million, and continues to hold 36.8% of Coor's shares, assuming no overallotment option is utilised. Clifford Chance has a longstanding relationship with Cinven, and recently advised on the EUR 1.2bn acquisition of Labco.