Capiton AG has successfully completed fundraising for their now fifth fund. The fund focuses on investments in medium-sized enterprises in Germany, Austria and Switzerland.

As already in the three preceding funds, P+P provided again comprehensive advice on all aspects of fund formation, contractual documentation, negotiations with domestic and foreign investors. The following Berlin team was involved:

    * Amos Veith, LL.M. (Lead Partner)
    * Stephan Schade (Counsel)
    * Robert Eberius (Associate)

The Hong Kong office of law firm Eversheds has advised Oriental Patron Asia Limited and Oriental Patron Securities Limited on the HK$132 million initial public offering (IPO) of In Construction Holdings Limited. The company was successfully listed on 16 April 2015.

In Construction Holdings Limited is a contractor in the foundation industry in Hong Kong. It engages in foundation and associated works in the private sector construction projects, with an emphasis on design and build projects.

Roschier represents Nokia in its proposed combination with Alcatel-Lucent through Nokia making a public exchange offer for all the securities issued by Alcatel-Lucent. The transaction values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis.

Through the combination, Nokia and Alcatel-Lucent intend to create an innovation leader in next generation technology and services for an IP connected world. The proposed transaction is the largest acquisition ever by a Finnish company.

Slaughter and May, Hong Kong, is advising Credit Suisse (Hong Kong) Limited, as placing agent, in relation to the US$555 million secondary placing and sale of shares in New China Life Company Limited held by The Great Eastern Life Assurance Company Limited, The Overseas Assurance Corporation Limited and The Great Eastern Trust Private Limited. The placing and sale of shares was undertaken by way of an accelerated bookbuilding process to institutional investors.

CONTACTS

• John Moore (partner), William Ho (associate)

International law firm Clifford Chance has advised a group of 26 underwriters, led by GF Securities (Hong Kong), Goldman Sachs, Morgan Stanley, BOCOM International Securities, Deutsche Bank and Merrill Lynch on GF Securities' HK$28 billion (US$3.5 billion) listing on the Hong Kong Stock Exchange. The deal was priced at the top end of the price range at HK$18.85 per share making it the largest listing in Hong Kong so far this year.

Baker & McKenzie is advising UNIWHEELS AG in connection with its planned initial public offering on the Warsaw Stock Exchange. UNIWHEELS AG, one of the largest wheel suppliers to the automotive industry in Europe and leading European manufacturer of alloy wheels in the accessories market, has started an initial public offering. UNIWHEELS owns major production plants in Poland (two in Stalowa Wola) and in Germany (Werdohl). The prospectus was published yesterday.

Castrén & Snellman advised Nordea Bank Finland Plc, which acted as the global coordinator and bookrunner in Metsä Board’s rights issue of approximately EUR 100 million. The proceeds from the rights issue will be used to finance the final steps of Metsä Board’s transformation plan. The rights issue was oversubscribed by 39.8 per cent.

C&S’s rights issue team consisted of Partner Janne Lauha assisted by Associate Niko Johansson.

On 23 March 2015, Cembra Money Bank AG (Cembra) closed its third auto lease securitization transaction involving the issue by Swiss Auto Lease 2015-1 GmbH (the Issuer) of CHF 200,000,000 0.23 per cent. Asset-Backed Class A Notes due 2025 and CHF 22,600,000 0.40 per cent. Asset-Backed Class B Notes due 2025 to the Swiss capital market. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by Cembra and transferred to the Issuer.

Colony Capital, which has been invested in Accor since 2005, announces the successful sale by Colday S.à r.l. (Colday) of 11.5 million shares in Accor, representing 4.9% of the share capital of the company, at a price of 48.75 euros per share, i.e. a total amount of 561 million euros, by way of an accelerated book building involving institutional investors (the “Transaction”). The Transaction was jointly carried out with Eurazeo.

HWL Ebsworth has assisted Moneytech Group on the successful completion of its unsecured subordinated notes offer, raising a total of $25 million. Moneytech is an unlisted public company which provides financial solutions through its proprietary online banking platform, the Moneytech Exchange.

FIIG Securities Limited acted as sole lead arranger for the issue, book building the seven year unrated wholesale note issue. The offer was open to professional and sophisticated investors in accordance with Part 6D.2 of the Corporations Act 2001.