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Banking & Finance - Capital Markets: Equity

Herbert Smith Freehills advises Aconex Limited on its A$312.3m Initial Public Offering

10 Dec 2014

Herbert Smith Freehills has advised Aconex Limited (Aconex) on its successful A$312.3 million initial public offering (IPO) on the Australian Securities Exchange.

Aconex is one of the world’s largest providers of ‘software as a service’ collaboration solutions for information and process management on construction and engineering projects. Aconex provides software products for the residential and commercial, government and infrastructure, and energy and resources sectors.

China National Building Material Group Corporation - subscription for new ordinary shares in China Glass Holdings Limited

09 Dec 2014

Slaughter and May, Hong Kong, is advising China National Building Material Group Corporation (CNBM) in relation to its subscription (through its wholly-owned subsidiary) for new ordinary shares in China Glass Holdings Limited (China Glass) for a total consideration of HK$244 million (US$31.5 million). The transaction will give CNBM a 14.36% interest in China Glass. The shares will be issued pursuant to the general mandate granted by the shareholders of China Glass at its last Annual General Meeting.

DLA Piper advises Regent Properties on $300-million equity fundraising

09 Dec 2014

DLA Piper represented Regent Properties (Regent), a multi-faceted real estate investment management firm, in its fundraising of US$300 million in equity commitments. The $300 million in commitments exceeds Regent Properties’ fundraising goals by 50%.

The investors in the fund include BlackRock and Caxton Alternative Management, as well as high net worth family offices. DLA worked with Regent in the creation of its fund, and in the negotiation of the terms of investment of the $US300million in committed capital.

White & Case Advises Telekom Austria on €1 Billion Capital Increase

09 Dec 2014

White & Case LLP has advised Telekom Austria Group on its €1 billion capital increase. During the capital increase, free float investors subscribed to 25.5 million new shares each priced at €4.57. Combined with the obligations of core shareholders América Móvil (including Carso Telecom) and Österreichische Energieholding AG, participation was approximately 99.7 percent. This high level of take up during the subscription period means there is no need for a further, so-called 'rump' placement of shares.

Clifford Chance advises Geneba Properties N.V. in connection with its €206.8 million rights offering

08 Dec 2014

Geneba Properties N.V. is a European commercial real estate company, incorporated in 2013 and based in Amsterdam, the Netherlands. It manages a property portfolio consisting of long-term leased commercial real estate in Germany, the Netherlands and the three Baltic countries. Geneba's investment focus is on Corporate Real Estate assets which serve its tenants as operational basis. The main targets are logistical and light industrial buildings as well as office buildings in Germany, the Netherlands and Scandinavia. Geneba's shares are traded at NPEX.

Davis Polk Advises Thule Group AB on Its Initial Public Offering

08 Dec 2014

Davis Polk advised Thule Group AB on its initial public offering of shares and listing on NASDAQ OMX Stockholm. A total of 26,086,957 shares were sold in the offering by Thule’s largest shareholders, NC Outdoor VI AB and NC Outdoor VII AB, entities controlled by funds managed by the private equity firm Nordic Capital. In connection with the offering, the selling shareholders also granted to the managers an overallotment option for an additional 3,913,043 shares.

Gernandt & Danielsson advises in the IPO of NP3 Fastigheter

08 Dec 2014

The shares in NP3 Fastigheter AB (publ) (“NP3”) has today been listed on Nasdaq Stockholm. NP3 is a real estate company focusing on the northern parts of Sweden and with a property value of approx. SEK 3.2 billion. As part of the company’s preparation for the IPO it carried out a private placement of shares, in the amount of approx. SEK 380 million, in June 2014.