Baker & McKenzie has advised J.P. Morgan and Macquarie as joint lead managers of Steadfast Group Limited's [ASX: SDF] $300 million placement and accelerated non-renounceable entitlement offer to fund the acquisition of two underwriting and two broking businesses from QBE Insurance Group.
Partner Craig Andrade led the Baker & McKenzie team, which included senior associate Stratos Karousos.
Shearman & Sterling is representing Morgan Stanley and Bualuang Securities as joint global coordinators in connection with a THB 55 billion (US$1.685 billion) initial public offering of investment units of Jasmine Broadband Internet Infrastructure Fund (“JASIF”) and listing on the Stock Exchange of Thailand (“SET”), including an international offering in reliance on Rule 144A and Regulation S. The initial public offering is the first major IPO in Thailand this year.
Gernandt & Danielsson advises in Serendipity Innovation’s issue of preference shares in a total maximum amount of 100 million SEK, with the possibility for the board of directors to increase the issue by an additional 75 million SEK. The preference shares are expected to be listed on Nasdaq First North Premier on 4 March 2015.
Paul Hastings represented Citigroup and NH Investment & Securities as the placement agents in the US$1.05 billion sale of common shares of Hyundai Glovis Co., Ltd. by Mong Koo Chung, the chairman of Hyundai Motor Group, and his son Euisun Chung.
Hyundai Glovis is a global logistics company affiliated with Hyundai Motor Group and its common shares are listed on the Korea Exchange.
The Paul Hastings team was led by corporate partner Dong Chul Kim.
Dustin Group AB (publ) has today been admitted to trading on Nasdaq Stockholm. The listing included an offer by the company and its principal owner, Altor Fund II GP Limited, to the general public in Sweden and qualified institutional investors in Sweden and abroad to acquire existing and newly issued shares in the company corresponding to 45 per cent of the total number of shares. In addition, Altor has granted an over-allotment option of not more than 15 per cent of the offering. Altor remains the principal owner in Dustin following the listing.
Simmons & Simmons is advising J.P. Morgan Cazenove as Sole Global Co-ordinator, Joint Bookrunner and Joint Corporate Broker; Merrill Lynch International as Joint Bookrunner and Joint Corporate Broker; and Goldman Sachs International as Joint Bookrunner, in connection with the proposed placing by BT Group plc (“BT” or the “Company”) of new ordinary shares of five pence in the Company (the “Placing Shares”) with institutional investors to raise approximately £1.0bn announced earlier today (the “Placing”).
Freshfields Bruckhaus Deringer has advised John Laing Group plc on its IPO and listing on the London Stock Exchange. The initial public offering, which priced this morning at 195p per share, included both an institutional offer and a retail offer through intermediaries.
The deal values John Laing at £715.5m and the offer raised gross proceeds of approximately £250m for the company and the selling shareholder, Henderson Infrastructure Holdco (Jersey) Limited.
Gernandt & Danielsson advises in Eniro’s rights issue, directed issue of convertible bonds and renegotiated loan agreement
Shanghai Visionet Information Technology Co., Ltd. (“Visionet”, stock code: 831805) has successfully listed on the National Equities Exchange and Quotations (“NEEQ”) system. Visionet was advised by a Shanghai-based team made up of senior partner Huang Xiamin, partners Xue Mei and Wang Yue, associate Jiang Xiangjun and paralegal Tian Tian.
Roschier represented the selling shareholders and Eltel AB (publ) in the initial public offering of Eltel’s shares and listing on Nasdaq Stockholm. BNP Paribas, Morgan Stanley and SEB are acting as Joint Global Coordinators and Joint Bookrunners of the offering and Pohjola Bank is acting as a Co-Lead Manager. Morgan Stanley is acting as stabilisation manager in relation to the offering.