Reed Smith has advised fashion app Grabble on its £1.2 million fundraising from a consortium of high-profile angel investors. Grabble allows users to browse and buy fashion items in just a couple of swipes, and was recently the most popular app on the App Store with more than 80,000 users and 1,000 retailers signed up.

Corporate partner Michael Young and associate Stephen Mooney led the Reed Smith team.

Reed Smith corporate partner, Michael Young, commented:

Lundin Gold Inc. has issued Subscription Receipts, including Swedish ”Euroclear Subscription Receipts”, in connection with the financing of Lundin Gold’s acquisition of the Fruta del Norte Gold Project and the subsequent listing of Lundin Gold on Nasdaq Stockholm

ShaMaran Petroleum Corp. has issued shares in a rights issue of approximately CAD 75 million on Nasdaq First North and TSX Venture Exchange

ShaMaran Petroleum Corp. announced on 15 October 2014 a rights issue of approximately CAD 75 million for the company’s shareholders which held shares on Nasdaq First North and TSX Venture Exchange. The company has furthermore published a prospectus regarding the rights issue. The company issued a total amount of 713,308,912 shares in the rights issue, the completion of which was announced on 10 February 2015.

Mills & Reeve have advised Cambridge-based life sciences company Sphere Fluidics Limited on its recent £1.8 million investment round. The funding came from a range of new and existing investors, including business angels and institutional investors.

Wragge Lawrence Graham & Co's Investment Funds team has acted on two significant real estate funds transactions within the space of a month.

First, the team acted on the formation, fund raise and initial deployment of capital for Horizon Long Lease Housing LP (Horizon).

Horizon was established as a Scottish LP with a view to generating inflation-linked returns from investment in UK social housing. John Reed advised Horizon on its establishment and preliminary fund raise, which totalled £30 million.

Allen & Overy advised Morgan Stanley & Co. International plc and Bualuang Securities PLC on the establishment and initial public offering of Jasmine Broadband Internet Infrastructure Fund (JASIF).

Vinge advises Dustin Group AB (publ) and Altor in connection with Dustin’s listing on Nasdaq Stockholm.

Dustin is a leading online based reseller of IT products and services in the Nordics. Dustin offers a wide product and service range to businesses, public organisations and consumers, primarily through its online platform. The Swedish language prospectus was published on 2 February 2015 and the first day of trading was 13 February 2015. The offering price has been set at SEK 50 per share, corresponding to a market value of Dustin of approximately SEK 3,809 million.

Shearman & Sterling advised Dustin Group AB (publ) in connection with its initial public offering and listing on the NASDAQ OMX Stockholm. The offering consisted of a sale of existing shares by Dustin’s principal shareholder, Altor Fund II GP Limited, and the issuance and sale by the company of newly issued shares. In total, the offering comprised 34,277,904 shares, corresponding to 45% of Dustin’s ordinary shares.

Nabarro has advised Numis Securities as sponsor, nomad and broker on a £20 million placing for main market-listed CPPGroup Plc (CPP) and the subsequent move of CPP from the Official List to AIM, which completed on 11 February 2015.

The transaction also involved a proposed refinancing and creditor restructuring, capital reorganisation and waiver of the Rule 9 mandatory offer requirements of the Takeover Code. The transaction is intended to stabilise CPP's platform, improve liquidity, and provide a more appropriate capital structure to support its future development.

Shearman & Sterling has advised Fairfax Financial Holdings Limited (“Fairfax”) on a recommended £1.22 billion cash offer through which the entire issued and to be issued ordinary share capital of Brit plc will be acquired by Fairfax. Under the terms of the offer, Brit shareholders will be entitled to receive 305 pence in cash per Brit share.