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Banking & Finance - Capital Markets: Equity

Freshfields advises on Avolon's IPO

22 Dec 2014

Freshfields Bruckhaus Deringer has advised Avolon’s principal shareholders Cinven, CVC Capital Partners, Oak Hill Capital Partners and GIC on Avolon’s IPO and listing on the NYSE.

Freshfields also advised the principal shareholders and Avolon on the M&A process which Avolon ran as part of its dual track process.

Avolon is an aircraft leasing company, headquartered in Ireland.

Zhong Lun Advises on JD’s Second Offering on NASDAQ

22 Dec 2014

JD.com, Inc. (ticker symbol: JD), China’s largest online direct sales company, has announced the secondary offering of ADSs by certain selling shareholders on the NASDAQ, with the total gross proceeds of approximately US$619 million. JD did not sell any ADSs or receive any proceeds in the offering, and its existing shareholders Tencent Holdings and Tiger Global entities purchased certain ADSs offered in the offering.

Hogan Lovells Advises on the US$261 million IPO of Nirvana Asia

19 Dec 2014

Hogan Lovells has advised the underwriters, which include UBS AG Hong Kong Branch, DBS Asia Capital Limited and CIMB Securities Limited, on the Hong Kong IPO and Rule 144A placing of Nirvana Asia Ltd ("Nirvana"), the largest integrated death care service provider in Asia.

The public offering of the shares was oversubscribed by more than 50 times. The IPO price was set at HK$3.00 per share, raising US$261 million. If the over-allotment option is exercised in full the deal value would increase to approximately US$300 million.

Hogan Lovells Advises Monitise on £49M Capital Raising

19 Dec 2014

Hogan Lovells has advised Monitise plc on a share issue of 8.2% of its existing share capital, raising £49.2 million from three strategic partners - Santander Group, TelefónicaGroup, and MasterCard Inc. The transaction was announced on 27 November 2014.

AIM listed Monitise is a leading global Mobile Money specialist. The investment proceeds will be used to support the development and accelerated rollout of its global platform and Mobile Money ecosystem. The strategic partners are also expanding their existing commercial collaborations with Monitise.

Freshfields advises on Xiabuxiabu Hong Kong IPO

19 Dec 2014

Freshfields Bruckhaus Deringer has advised the underwriters on the US$146m IPO of Xiabuxiabu Catering Management (China) Holdings Co., Ltd. (Xiabuxiabu) on the Hong Kong Stock Exchange, which listed yesterday.

Xiabuxiabu is a leading fast casual restaurant operator in China which offers bar-style hotpot cuisine.

Freshfields advised the underwriters, Bank of America Merrill Lynch and Credit Suisse, on both the Hong Kong and US law aspects of the transaction.

Setterwalls assists Zinzino in connection with change of listing

19 Dec 2014

Setterwalls is the legal adviser to Zinzino AB (publ) in connection with the listing of Zinzinos shares on Nasdaq First North. Zinzino is one of the leading direct sales companies, represented in Sweden, Norway, Denmark, Finland, Iceland, Lithuania, Latvia, Estonia, the Faroes, Poland, the Netherlands and USA. Zinzino markets and sells espresso machines, coffee, tea and accessories as well as a product line in functional food, Zinzino Food. The company and its subsidiaries have around 90 employees and the main office is in Gothenburg, Sweden.

Loyens & Loeff acted as Dutch corporate and tax counsel to Fiat Chrysler Automobiles N.V. (NYSE: FCAU) (FCA) with respect to its offering and listing of common shares and mandatory convertible securities

19 Dec 2014

FCA offered and sold 100 million common shares and US$ 2.875 billion in aggregate notional amount of mandatory convertible securities and will raise a total of approximately US$ 3.887 billion in proceeds from the offerings (after underwriting discounts and commissions but before other expenses of the offerings).

The Loyens & Loeff core team consisted of Peter Corten, Guido Portier, Patrick van Oppen, Bert van der Poel, Michel van Agt, Wouter Kros and Martijn Schoonewille.

Sullivan & Cromwell acted as US counsel to FCA.

Herbert Smith Freehills advises on oOh!media IPO

18 Dec 2014

Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.

oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range  of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand.

Clayton Utz advising Peninsula Energy on $69.4 million equity and debt funding

18 Dec 2014

Clayton Utz is advising ASX-listed uranium miner Peninsula Energy Ltd (ASX:PEN) on its A$69.4 million equity and debt funding, to enable Peninsula to complete stage 1 construction and commence production at its Lance ISR projects in Wyoming.

The funding arrangements include a A$16.8 million institutional placement, a A$52.6 million accelerated renounceable entitlement offer and a US$15 million debt facility.

The Clayton Utz team is led by Perth corporate partner Matthew Johnson and senior associate James Clyne.