Olswang has advised The People's Operator (TPO), the cause-based commercial mobile virtual network operator (MVNO), on its admission to trading on the London Stock Exchange's AIM market. The company raised £20 million, and the company has a market capitalisation on admission of approximately £100 million.
Slaughter and May is advising CLSA Limited (CLSA) on its proposed placing under a share and convertible bond placing agreement entered into with Louis XIII Holdings Limited (Louis XIII) to raise gross proceeds of up to HK$1,560 million (US$200 million) from the placing of (i) up to a maximum of 520 million new shares (Shares), or (ii) up to HK$1,560 million (US$200 million) worth of convertible bonds (CBs), or (iii) a combination of Shares and CBs.
The Hong Kong office of Eversheds has advised CITIC Securities Corporate Finance (HK) Limited and CLSA Limited in connection with the HK$697.5 million initial public offering (IPO) of Q Technology (Group) Company Limited. The company was successfully listed on 2 December 2014.
Herbert Smith Freehills has advised the Commonwealth of Australia (Commonwealth) on the privatisation of Medibank Private Limited (Medibank) via an initial public offering and listing on the Australian Securities Exchange (ASX).
The offer consisted of an institutional offer, policyholder offer, employee offer, broker firm offer and general public offer (Offer). The final price payable by institutional investors was set by the Commonwealth at A$2.15, which values Medibank at approximately A$5.9 billion.
DLA Piper has acted for Sinopharm Group Company Ltd ("Sinopharm"), China's largest pharmaceutical company, on the issuance of HK$5.5 billion of new shares which is the third H share placement for Sinopharm since its HK$8 billion IPO in 2009.
The placing closed on 01 December and saw 198,801,600 shares sold to six to ten non-retail investors at HK$28.40 per share. Sinopharm will use the net proceeds of the issuance to aid the expansion of their pharmaceutical distribution and retail network, as well as for working capital.
Pareto Securities AB has, in its capacity as custodian, issued Swedish interim depository receipts (SDB R) corresponding to certain Subscription Receipts issued by Lundin Mining Corporation in connection with the financing of Lundin Mining Corporation’s acquisition of 80 per cent. of Candelaria/Ojos del Salado copper mining operations and supporting infrastructure from Freeport-McMoRan Inc.
Castrén & Snellman advised Summa Capital Oy, which acted as the sole manager and bookrunner of Nixu Oyj’s initial public offering on the NASDAQ OMX First North marketplace. The value of the IPO was EUR 4,99 million. Nixu is the largest specialist company in information security consulting in the Nordics. The IPO was oversubscribed, and the subscription period ended prematurely due to the strong demand. Trading of Nixu Oyj’s shares will commence approximately on 5 December 2014.
Shearman & Sterling advised managers Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities plc, Banco Bilbao Vizcaya Argentaria, S.A. and Banco Santander, S.A., as joint global coordinators and joint bookrunners, Goldman Sachs International, Morgan Stanley & Co. International plc and UBS Limited, as joint bookrunners, in connection with the €3.1 billion sale of shares in Endesa, S.A. by Enel Energy Europe, S.L.U. (a wholly-owned subsidiary of Enel S.p.A.). The offering is one of the largest equity offerings in Europe in 2014.
Freshfields Bruckhaus Deringer has advised Clarkson plc, a leading provider of global integrated shipping services, in connection with its proposed £281.2m acquisition of the entire issued share capital of RS Platou ASA group, a leading international offshore broker and investment bank headquartered in Oslo, Norway providing high value brokerage, financial and advisory services focused on the offshore and shipping markets.
Cuatrecasas, Gonçalves Pereira has advised Banco Santander, BBVA, Credit Suisse and JP Morgan, the joint global coordinators of Enel’s 22% public offering of Endesa shares, targeted at Spanish and international institutional investors, and Spanish retail investors.
The transaction raised €3.132 billion from over 232 million shares priced at €13.50 per share.