Pinsent Masons has advised home builder Cairn Homes on its initial public offering (IPO) on the main market of the London Stock Exchange, raising €385 million and with an initial market capitalisation of €430 million.
Cairn is the first Irish homebuilder to list for more than 20 years and the funds raised will be used to fund development of several sites the company has acquired in Dublin and Galway and to acquire and develop further sites.
Eversheds in Hong Kong has advised Active Group Holdings Limited on the placing of new shares to the value of HK$112.8 million.
Active Group Holdings Limited, along with its subsidiaries, is engaged in the manufacture and sale of casual footwear, apparel and related accessories in the People’s Republic of China. Active Group has been listed on the Main Board of the Stock Exchange of Hong Kong Limited since 2011.
Clifford Chance has advised on the formation of Fidelis Insurance Holdings Limited, a newly-created specialty insurance and reinsurance company that will employ a novel hybrid investment model. The company's equity capital raise of approximately US $1.5 billion marks one of the largest insurance industry capital raises ever and positions Fidelis as an important new underwriter in the global market.
Thommessen assists the Managers of the IPO in connection with the announced IPO of the company.
Thommessen and Cleary Gottlieb Steen & Hamilton LLP assist the managers for the IPO, ABG Sundal Collier, Goldman Sachs, SEB and BofA Merrill Lynch in connection with the announced IPO.
Thommessen’s team is headed by partners Anders Arnkvaern and Kim Dobrowen.
The shares are expected to be admitted to trading on the Oslo Stock Exchange on or around 19 June 2015. The indicative price range for the shares is expected between NOK 43 and NOK 53.
BioInvent International AB (publ), a research-based pharmaceutical company focused on developing antibody drugs, has carried out a rights issue with preferential right for the company’s shareholders. The rights issue, which was oversubscribed, will provide the company with approximately SEK 77,7 million.
BioInvent was advised by Mannheimer Swartling on the rights issue. The firm acted as project leader throughout the process and was responsible for the prospectus. Mannheimer Swartling’s team mainly consisted of Madeleine Rydberger, Jakob Wijkander and Klara Holm.
Slaughter and May advised Santander UK Group Holdings plc on its issue of £750 million Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities. The Securities are the Santander UK group's first public issuance of Additional Tier 1 instruments and the first public issuance of securities by Santander UK Group Holdings plc, the newly established holding company of Santander UK.
Slaughter and May advised Santander UK Group Holdings plc and Santander UK plc on its launch of tender offers for four series of outstanding capital securities issued by Santander UK plc and Abbey National Capital Trust I.
The capital securities tendered for had an aggregate principal amount outstanding of approximately £630 million, of which approximately £320 million will remain outstanding following settlement of the tender offers. The tender offers were made on 28 May 2015 and the results of the tender offers were announced on 9 June 2015.
Freshfields Bruckhaus Deringer has advised British Land on its offering of £350m, senior, unsecured, zero coupon convertible bonds due 2020, which was announced 2 June 2015 and closed 9 June 2015.
The Bonds have a zero coupon, and the initial conversion price has been set at a premium of 27.5 per cent above the volume weighted average price of the ordinary shares of the Company between launch and pricing.
The Freshfields team advising on the transaction was led by corporate partner Julian Long and capital markets partner Peter Allen.
Creades AB (publ) (Nasdaq Stockholm) has completed a share redemption offering to the shareholders, through which approximately SEK 143 million was distributed to the shareholders. Vinge advised Creades.
The Vinge team consisted of Erik Sjöman, Jo-Anna Nordström and Rikard Lindahl.
Gernandt & Danielsson advised Africa Oil Corp. in connection with Africa Oil’s private placement of approximately USD 100 million
Africa Oil has issued shares in a private placement of USD 100 million