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Banking & Finance - Capital Markets: Equity

Wragge Lawrence Graham & Co acts on two Standard Listing IPOs on the Main Market

11 Mar 2015

In the last two months, Wragge Lawrence Graham & Co's Corporate team has acted for two special purpose acquisition companies (SPACs) on their admissions to the standard listing segment of the UKLA's Official List and to the London Stock Exchange's main market for listed securities.

Vertu Capital Limited, a BVI-incorporated company, has listed with a view to making one or more acquisitions in the financial services sector.

Gernandt & Danielsson advised Africa Oil Corp. in connection with Africa Oil’s private placement of USD 125 million

11 Mar 2015

Africa Oil has issued shares in a private placement of USD 125 million

Africa Oil Corp. announced on 12 and 13 February 2015 a private placement of USD 125 million. In connection with the private placement, the company published an admission to trading prospectus on 20 February 2015 regarding the new shares. The company issued a total amount of 57,020,270 new shares in the private placement, the completion of which was announced on 23 February 2015.

Gernandt & Danielsson advises Zenterio AB in connection with a capital raising and strategic acquisitions

11 Mar 2015

Gernandt & Danielsson has during the end of 2014 advised Zenterio AB (publ) in connection with an issue of new shares to Swedish and international investors and in connection with Zenterio’s acquisition of Systemagic AB, where part of the payment consisted of new shares in Zenterio. The issues together amount to approximately SEK 80 million. Systemagic develops IPTV-platforms, interactive TV services, Ux and applications such as video, music and advertising.

Deacons advises BNP Paribas in relation to Suchuang Gas Corporation’s IPO

10 Mar 2015

Deacons recently acted for the sole sponsor BNP Paribas Securities (Asia) Limited and the underwriters in relation to the global offering and Main Board listing of Suchuang Gas Corporation Limited in Hong Kong.

Suchuang Gas is the dominant piped natural gas operator in Taicang in Jiangsu Province, China.

The company is expected to list on the Hong Kong Stock Exchange on 11 March 2015 and raise up to HK$584 million (subject to the over-allotment option).

NNIT listed on Nasdaq Copenhagen

10 Mar 2015

NNIT, a leading IT service provider and consultant based in Gladsaxe, was today admitted to trading on Nasdaq Copenhagen under ticker “NNIT” after an IPO attracting more than 60,000 new shareholders into its base

The final offer price was set at DKK 125 per share, giving NNIT a market capitalisation of DKK 3,125 million. Opening price at Nasdaq Copenhagen was DKK 170 per share bringing market cap up by 36 per cent to DKK 4,250 million.

Vinge advises Pareto and Dundee in connection with Africa Oil’s USD 125 million brokered private placement

10 Mar 2015

Vinge has advised Pareto Securities and Dundee Securities in connection with Africa Oil Corp’s USD 125 Million brokered private placement. Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation. Africa Oil Corp. is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".

Vinge was primarily represented by Jesper Schönbeck.

Roschier represents Metsä Board in its EUR 100 million share offering

09 Mar 2015

Roschier represents Metsä Board Corporation in its approx. EUR 100 million share offering. Metsä Board is offering its shareholders a maximum of 27,347,134 new Series B shares in proportion to their holding of existing Series A and/or Series B shares in the company at a subscription price of EUR 3.66 per each new share. Subscription period begins on 5 March 2015 and ends on 23 March 2015. Trading in subscription rights begins on 5 March 5 2015 and ends on 17 March 2015.
 

Dentons advises as Bilby plc announces AIM IPO

09 Mar 2015

Dentons has advised Bilby plc on its intended admission to the AIM market of the London Stock Exchange.

London—Dentons has advised Bilby plc on its intended admission to the AIM market of the London Stock Exchange, which took on 6 March 2015.

Bilby plc is a holding company that on Admission will acquire P&R Installation Company Limited (P&R) as the first step of a "buy and build" acquisition strategy focused on the recovery of the UK economy.

Norton Rose Fulbright advises on the IPO of the world’s first practical jetpack manufacturer

06 Mar 2015

Norton Rose Fulbright has advised New Zealand-based Martin Aircraft Company Limited on its initial public offer and listing on the Australian Securities Exchange.  Martin Aircraft is the manufacturer of the Martin Jetpack, the world’s first practical jetpack able to be flown by a pilot or via remote control.