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Banking & Finance - Capital Markets: Equity

Osborne Clarke advises Actual Experience plc on £16m share placing

01 Jun 2015

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, has raised £16m from new and existing shareholders.

The proceeds of the placing will be used to fund future growth and strengthen the group's balance sheet.

Dave Page, CEO of Actual Experience commented:

"The Placing enables the Company to significantly increase its sales teams and further enhance the technology development team as we look to capitalise on our growing pipeline and beyond.

Slaughter and May is advising Unilever - partial tender offer to increase its stake in Unilever Nigeria

01 Jun 2015

Slaughter and May, working alongside Aluko & Oyebode in Nigeria, is advising Unilever in relation to a partial tender offer by its subsidiary, Unilever Overseas Holdings BV (Unilever Overseas Holdings), to increase its equity stake in Unilever Nigeria PLC (Unilever Nigeria) from 50.10% to 75%. The partial tender offer has been approved by the Nigerian Securities and Exchange Commission and notified to the Nigerian Stock Exchange.

Slaughter and May is advising the joint placing agents - China Harmony Auto's top-up placing of shares

29 May 2015

Slaughter and May, Hong Kong, is advising Credit Suisse (Hong Kong) Limited and Haitong International Securities Company Limited, acting as joint placing agents, in relation to China Harmony Auto Holding Limited's (China Harmony Auto) top-up placing of shares, which involves the placing of existing shares and top-up subscription of new shares (the Shares) for a total consideration of HK$2.1 billion (approximately US$273 million).

Eversheds advises on the Placing and top-up Subscription of Wonderful Sky Financial Group Holdings Limited

27 May 2015

The Hong Kong office of law firm Eversheds has advised China Merchants Securities (HK) Co., Limited as the placing agent in connection with the HK$430 million Placing and top-up Subscription of Wonderful Sky Financial Group Holdings Limited (“Wonderful Sky”).

The Placing and top-up Subscription by the controlling shareholder of Wonderful Sky (the “Top-up Subscription”) were successfully completed on 23 April 2015 and 4 May 2015 respectively.

Clifford Chance advises on international aspects of Malakoff Corporation Berhad's US$769 million IPO

27 May 2015

Clifford Chance has advised a group of 13 banks serving as joint placement managers on the international aspects of Malakoff Corporation Berhad's US$769 million (RM2.74 billion) initial public offering and listing on Bursa Malaysia Securities Berhad. The shares were offered globally, including in the US, pursuant to Regulation S and Rule144A. The deal priced at RM1.80 per share.

Dacheng Advises on Herald Leasing’s First Lease-backed Securitization Product

27 May 2015

Minsheng Royal Asset Management-Herald Leasing No. 1 Huifu ABS, the first lease-backed securitization product of Herald International Financial Leasing Co., Ltd. (“Herald Leasing”) was successfully issued, raising RMB430mln. Minsheng Royal Asset Management Co., Ltd. acts as manager and Dacheng provides legal counsel for the ABS program.

Guangzhou Office Advises Guangzhou GRG Metrology & Test Co., Ltd. on NEEQ Listing

27 May 2015

Guangzhou GRG Metrology &Test Co., Ltd. (“GRGT”, stock code: 832462), a subsidiary of Guangzhou Radio Group, was successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. GRGT thus became the first NEEQ-listed state-owned enterprise in Guangzhou. 

A Guangzhou-based team comprising capital markets attorneys Zhang Zhike, Wang Hongsheng, Xu Lili advised GRGT on the listing.

Herbert Smith Freehills advises on Australian Finance Group Ltd IPO

27 May 2015

Herbert Smith Freehills has advised Australian Finance Group Ltd (AFG) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consisted of an institutional offer, broker firm offer and priority offer (Offer) and valued AFG at A$257.8 million at the final offer price of A$1.20 per share.