Orrick, Herrington & Sutcliffe (Europe) LLP represented Shore Capital as nominated adviser and broker to RedX Pharma on its initial public offering on London’s Alternative Investment Market (AIM).
RedX has raised £15 million and is valued at about £55.2 million on admission. It is a drug development company formed in 2010 that is focused on improving the characteristics of drugs in the areas of cancer and infectious disease.
Shearman & Sterling represented Irish Residential Properties REIT plc (“IRES”) on its firm placing and placing and open offer of 215,000,000 new ordinary shares to qualifying shareholders and other investors at a price of €1.00 per share. Credit Suisse Securities (Europe) Limited acted as sole global coordinator and joint bookrunner, Investec Bank plc acted as sponsor and joint bookrunner and TD Securities Inc. and Barclays Bank PLC acted as joint bookrunners for the transaction. The new shares were admitted to trading on the Irish Stock Exchange on 26 March 2015.
Gernandt & Danielsson advises in Lavare Holding’s listing of bonds on Nasdaq Stockholm
Lavare Holding AB (pub), the parent company of the Textilia group, issued on 4 April 2014 corporate bonds amounting to SEK 585 million within a framework amount of SEK 700 million. The bonds have today been listed on the Corporate Bond List at Nasdaq Stockholm.
Gernandt & Danielsson has advised the company with a team consisting of Partner Mikael Borg and Associate Adrian Della Morte Pålstam.
Hoist Finance is a leading debt restructuring partner to international banks, with debt purchase and debt collection activities in eight countries across Europe and retail deposit operations in Sweden. The company specialises in the purchase and management of unsecured non-performing consumer loans originated by international banks and other financial institutions.
Oscar Properties Holding AB (publ) has applied for listing of the company’s ordinary- and preference shares on Nasdaq Stockholm. The application has been approved and the first day of trading in the shares is planned for 26 Mars 2015. The listing means that trading in Oscar Properties’ ordinary- and preference shares is moved from Nasdaq First North Premier.
Wragge Lawrence Graham & Co's Investment Funds team has advised Jefferies International Limited (Jefferies) on a £200 million fund raising by VPC Specialty Lending Investments PLC (VPC Specialty Lending).
The fundraising for VPC Speciality Lending was made 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.
Ashurst advised Stifel Nicolaus and J.P. Morgan Cazenove as joint bookrunners on the £36.1 million placing by Foresight Solar Fund Limited (FSFL), a closed-end investment company which invests in operating ground based UK solar power assets.
Deacons recently advised Japanese pachinko-hall operator Niraku GC Holdings on its global offering and Main Board listing in Hong Kong.
This follows the successful debut of Dynam Japan Holdings, the first Japanese pachinko-hall operator to obtain a primary listing in 2012 on the local bourse. Deacons also counselled Dynam Japan Holdings on that matter.
Niraku GC is headquartered in Fukushima Prefecture with operations focused in Northeast Honshu, Japan. In 2013, it was the fourth largest pachinko-hall operator based on gross pay-ins.
Goh Kian Hwee, Lawrence Tan, Serene Yeo, Soh Chai Lih and Gwendolyn Tan from the Capital Markets / M&A Practice Group are acting for United Overseas Bank Limited (“UOB”), in its recommended voluntary conditional cash offer ("Offer") to acquire all the ordinary shares in the capital of Far Eastern Bank Limited (“FEB”) other than those already held by UOB (“Offer Shares”). The Offer was jointly announced by UOB and FEB as a recommended offer, i.e. the Offer is recommended at the outset by the independent financial adviser appointed by FEB.
Zhuhai Ltech Technology Co., Ltd. (“Ltech Technology”, stock code: 832110) has successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system.
Shanghai-based attorneys Wang Enshun, Wang Weidong and Zhuhai-based attorney Tang Hongjie conducted due diligence and advised on the restructuring and listing for the company. Their expertise and efficiency won recognition from the client and participating intermediaries.