RenoNorden ASA, which is a leading player in the Nordic region within collection of household waste, was listed on the Oslo Stock Exchange on 16 December 2014.
The Company was valued at NOK 1.3 billion in the IPO, and shares for a total of NOK 960 million were sold in the transaction. Thommessen acted for RenoNorden and its principal shareholders CapVest and Accent Equity. Joint bookrunners for the IPO were Carnegie, Danske Bank and DNB Markets.
Travers Smith advised Cenkos Securities on the £106m AIM IPO of Mercia Technologies plc. The Travers Smith team was led by corporate finance partner, Anthony Foster, supported by corporate associate, Jenni Harley.
Shoosmiths has advised The West Berkshire Brewery PLC, the independent brewery based in Yattendon, on its re-registration as a public company and its offer of new shares to raise up to £4 million under the Enterprise Investment Scheme.
Shoosmiths' corporate partner Adam Dowdney led a team of corporate specialists on the fundraising comprising corporate partner Mark Shepherd and paralegal James Arnold. Employment partner Paula Rome provided specialist legal advice and ad hoc advice was provided by other departments throughout the firm.
Herbert Smith Freehills has advised SurfStitch Group Limited (SurfStitch) 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 chairman’s list offer (Offer) and values SurfStitch at A$182.8 million at the offer price of A$1.00 per share.
Allens has advised DUET Group on its $397 million fully underwritten, non-renounceable pro rata entitlement offer. The equity raising for DUET Group, an ASX-listed owner of energy utility assets in Australia, is expected to allow the group to provide medium-term funding for growth at operating companies United Energy and Multinet Gas, to strengthen the credit outlook of the Dampier to Bunbury Pipeline, and to suspend its Distribution and Dividend Reinvestment Plan for at least three years. The Allens team on the matter was led by Partner Marc Kemp.
Clifford Chance has advised a group of underwriters including China International Capital Corporation, BofA Merrill Lynch and ABC International on CGN Power Co, Ltd's US$3.16 billion listing on the Hong Kong Stock Exchange. The deal was priced at the top end of the price range at HK$2.78 per share, raising an amount of HK$24.52 billion (US$3.16 billion), and making it the largest listing in Hong Kong and the second largest in the region so far this year. It also marks the first time a nuclear operator has listed in Hong Kong.
Roschier represented Karolinska Development in approx. USD 50 million offer of convertible bonds. The convertibles will be listed on Nasdaq Stockholm and as a result Karolinska Development will be one of the few companies in Sweden with convertible bonds listed on Nasdaq Stockholm.
Karolinska Development aims to create value for patients, researchers, investors and society by developing innovations from world class science into differentiated products that can be partnered.
The Industrial and Commercial Bank of China Ltd. (ICBC), China's largest lender, issued USD5.65 billion equivalent in aggregate of Basel III-compliant Additional Tier 1 preference shares. Allen & Overy advised ICBC International as Sole Global Coordinator and ICBC International, Goldman Sachs, UBS and Bank of America Merrill Lynch as joint lead managers and joint bookrunners on ICBC’s debut offshore AT1 preference share offering.
Deacons recently advised the sole sponsor, China Merchants Securities (HK) Co., Limited and the underwriters, in relation to the Main Board IPO of Canvest Environmental Protection Group Company Limited.
Launched on December 15th 2014, the IPO is expected to raise up to HK$1.165 billion (subject to the exercise of over-allotment option).
Lawrence Tan and Soh Chai Lih, with associates Bernia Tan and Mariana Lesmana, are acting for Energian Pte. Ltd., (the “Offeror”), a wholly-owned subsidiary of Falcon Energy Group Limited (“FEG”), in its voluntary conditional cash offer for the issued and paid-up ordinary shares in the capital of CH Offshore Ltd (“CHO”) other than those already owned, controlled or agreed to be acquired by the Offeror, which values CHO at S$349.2 million based on an offer price per CHO share of S$0.495.