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Banking & Finance - Capital Markets: Equity

Wragge Lawrence Graham & Co helps AEW UK REIT Plc to raise £100 million on its launch

13 May 2015

Wragge Lawrence Graham & Co's Investment Funds team has advised AEW UK REIT Plc (AEW UK REIT) on a fundraising worth £100 million.

The fundraising is in conjunction with its shares being admitted to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.

Clifford Chance advises the underwriters in connection with the capital increase of UBM Realitätenentwicklung AG

13 May 2015

Clifford Chance advised the underwriters in connection with the capital increase of UBM Realitätenentwicklung Aktiengesellschaft, which consisted of two tranches with a total of 1,462,180 new shares placed to investors at a price of EUR 40 per share and total gross proceeds of EUR 58.5 million. Baader Bank and Erste Group acted as Joint Bookrunners and Joint Lead Managers.

Charles Russell Speechlys advises MayAir Group Plc on AIM IPO

12 May 2015

Charles Russell Speechlys acted for MayAir Group Plc on its admission to AIM. The company successfully raised £16.2 million via the placing of 12,475,000 new ordinary shares at a price of £1.30 per share, valuing MayAir at £55.2 million.

MayAir (or “the Group”) is a leading provider of advanced technologies and products to create contamination-free environments (known as a “cleanroom”) in the industrial, commercial and residential markets.

McCann FitzGerald advises on permanent tsb’s €400 million placing and admission to the main markets of the ISE and LSE

11 May 2015

McCann FitzGerald advised Deutsche Bank AG London Branch (as Global Co-ordinator and Joint Bookrunner) and J&E Davy (as Sponsor and Joint Bookrunner) on the placing by permanent tsb Group Holdings plc of 88,888,889 ordinary shares, realising gross proceeds of €400 million.

Hengeler Mueller advises Haniel on placement of shares in METRO AG as well as on exchangeable bond

11 May 2015

Haniel, a German family-equity company, has placed 16.25 million shares in Metro carried out by a private placement through an accelerated bookbuilding procedure to institutional investors at a price of EUR 30.37 per share. Haniel’s holding in METRO AG consequently decreases from 30.01 percent to around 25 per cent. Concurrently, Haniel has placed unsubordinated and unsecured bonds, exchangeable into Metro ordinary shares due 2020.

Hengeler Mueller advised Haniel on the transaction. The Hengeler Mueller team includes partner Wolfgang Groß as well as associates

Cuatrecasas, Gonçalves Pereira advises global coordinating institutions on Talgo floating 45% of share capital on the stock exchange

11 May 2015

Banco Santander, J.P. Morgan and Nomura have set the market-listed debut price for Talgo at €9.25 per share. The transaction is valued at €626.5 million.

Railway operator Talgo has launched an initial public offering (“IPO”) of 45% of its share capital, setting the share price at €9.25. It will place €61 million shares on the market, which entails a €1.3 billion market capitalization.

Squire Patton Boggs Advises on AIM Deals

11 May 2015

Squire Patton Boggs’ Capital Markets team has advised Peel Hunt on the AIM IPO of Curtis Banks Group plc, a leading provider of Self-Invested Pension products, principally SIPPs (Self Invested Personal Pension schemes) and SSASs (Small Self Administered Pension Schemes). Curtis Bank, which employs approximately 200 people in the UK, has raised £7.5 million in capital through the issue of new equity and had a market capitalization on float of £85 million. The Squire Patton Boggs team was led by Corporate partner Giles Distin and included Nina Martyres and Emma Mason.

King & Wood Mallesons acts on NAB’s $5.5b capital raising

11 May 2015

King & Wood Mallesons (KWM) has advised NAB on its significant capital raising to raise approximately $5.5b. The capital raising involves a 2 for 25 fully underwritten pro rata accelerated renounceable rights issue with retail rights trading (the Entitlement Offer) at an offer price of $28.50.

The capital raising will provide a buffer for anticipated regulatory changes and is available to facilitate a proposed demerger of its UK business.

Ashurst advises entities controlled by funds managed by Charterhouse and Chequers on the sale of 16.44 million shares of Elior

11 May 2015

Ashurst advised Charterhouse Poppy II, Charterhouse Poppy IV, Charterhouse Poppy VI, Société de Restauration 2 and Société de Restauration 4, entities controlled by funds managed by Charterhouse and Chequers (the "Sellers") on the sale of 16.44 million shares of Elior, listed on Euronext Paris, representing approximately 10 per cent of the share capital of the company to institutional investors through an accelerated bookbuilding process. The proceeds from the transaction amount to approximately €255 million.