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Banking & Finance - Capital Markets: Equity

Gernandt & Danielsson advises in Heimstaden’s issue of preference shares and listing on Nasdaq First North Premier

10 Jun 2015

Heimstaden AB (publ) has carried out a capital increase trough the issue of preference shares, amounting to a total of SEK 750M, to institutional investors and the public in Sweden. The preference shares are to be listed on Nasdaq First North Premier and first day of trading is expected to be the 11th of June 2015. Carnegie Investment Bank AB has acted as sole manager and bookrunner.

White & Case Advises SPIE on IPO

10 Jun 2015

The prospectus received the visa from the French financial markets authority (Autorite des marchés financiers) on May 29, 2015 and the maximum amount of the offer is approximately €1 billion, including a €700 million capital increase. SPIE’s IPO on the regulated market of Euronext Paris is planned for June 10, 2015, the first listing date.

Clayton, Dubilier & Rice, Ardian and Caisse de Depot et de Placement du Québec hold around 77 percent of the company, with the balance held by managers and employees.

White & Case Advises CGG on Public Exchange Offer over Convertible Bonds

10 Jun 2015

White & Case LLP has advised CGG, a leading geoscience company, on its public exchange offer for all its convertible bonds maturing in 2019 for a total amount of €360 million.

CGG offers to exchange 2019 convertible bonds for convertible bonds maturing in 2020. The terms of the offer are two 2019 convertible bonds for five of 2020 convertible bonds being issued. The offer has been approved by the French Financial Markets Authority (Autorité des marchés financiers) on May 28, 2015 and runs from June 1 to June 19, 2015.

Apax Partners Sells Golden Jaguar

10 Jun 2015

Simpson Thacher is representing Apax Partners in connection with its sale of its entire equity interest in Golden Jaguar Group (“Golden Jaguar”) to Carnival Group International Holdings Limited (“Carnival”) for an aggregate price of approximately HK$241 million. Carnival will also make a primary equity investment in Golden Jaguar for an aggregate subscription price of approximately US$34 million. The closing of the foregoing transactions will be subject to customary closing conditions.

Simpson Thacher Represents Underwriters in the US$110 Million NASDAQ IPO of Baozun Inc.

10 Jun 2015

The Hong Kong office of the Firm represented the underwriters, Morgan Stanley, Credit Suisse and BofA Merrill Lynch, in connection with the initial public offering and listing on the NASDAQ Global Select Market of American depositary shares (ADSs) of Baozun Inc. (“Baozun”). The offering of 11,000,000 ADSs, representing 33,000,000 Class A ordinary shares, raised US$110 million of gross proceeds to Baozun before exercise of the greenshoe.

Simpson Thacher Represents Silver Lake Partners in Strategic Investment in Qunar

10 Jun 2015

Simpson Thacher is representing Silver Lake Partners in leading a strategic investment round totaling $500 million in Qunar Cayman Islands Limited (NASDAQ: QUNR) in the form of 2% Convertible Senior Notes of Qunar. Silver Lake will purchase $330 million of the Qunar convertible notes, and another investor will purchase $170 million of the Qunar convertible notes.

Qunar is China’s leading mobile and online travel platform. Qunar will use the capital to continue to expand its mobile presence, grow business lines and further enhance technology capabilities.

Retail Estates, advised by Eubelius, successfully completes EUR 76.2M Rights Issue

08 Jun 2015

Retail Estates, a Belgian public regulated real estate company (“B-REIT”) specialised in peripheral retail properties, and listed on the regulated market of Euronext Brussels, on 28 May 2015 successfully completed a capital increase by way of a public offering with preferential subscription rights for an amount of EUR 76,214,270.

Norton Rose Fulbright advises on HK$1.09 billion Deutsche Post block sale of shares in Sinotrans

05 Jun 2015

Norton Rose Fulbright has advised HSBC as the sole manager in the block sale of 191,400,000 shares in Sinotrans Limited, a company listed on the main board of the Hong Kong Stock Exchange, by Deutsche Post Beteiligungen Holding GmbH at a total consideration of approximately HK$1.09 billion.