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Banking & Finance - Capital Markets: Equity

Charles Russell Speechlys acts for Eredene Capital PLC on its third tender offer and on its proposals for cancellation of its AIM quotation and re-registration as a private company

21 Nov 2014

Charles Russell Speechlys’ Corporate Advisory team is acting as the legal adviser to Eredene Capital PLC (the Company), a specialist investor in Indian infrastructure, on the following:

  * a tender offer by Numis Securities for up to 12 per cent. of the issued share capital of the Company (the Tender Offer);
  * the cancellation of admission of the Company’s securities to trading on AIM (the Cancellation); and
  * the re-registration of the Company as a private limited company (the Re-registration).

Listing of ISEC Healthcare Ltd.

19 Nov 2014

Rajah & Tann Singapore was the legal adviser to ISEC Healthcare Ltd. ("Company") as to Singapore law in respect of its initial public offering and listing on Catalist, the sponsor-supervised listing platform of the Singapore Exchange Securities Trading Limited. The Company issued 70,000,000 new shares to investors in Singapore and Malaysia. The market capitalisation of the Company at listing (based on the placement price) was S$128.38 million. PrimePartners Corporate Finance Pte. Ltd. was the Issue Manager and Sponsor and Maybank Kim Eng Securities Pte. Ltd. was the Placement Agent.

Freshfields advises Jimmy Choo PLC on its IPO and London premium listing

18 Nov 2014

The transfer of further shares in Jimmy Choo PLC today by JAB Luxury GmbH, the luxury goods investment arm of J.A. Benckiser, marks the final phase of the recent Jimmy Choo IPO. Shares in Jimmy Choo began trading on the main market for listed securities of the London Stock Exchange plc on 22 October 2014.

Freshfields advised Jimmy Choo PLC on its IPO, group reorganisation and refinancing. Jimmy Choo PLC is a new client for the firm, following a pitch process earlier this year.

Vinge advises Nexstim on its dual listing on First North Finland and First North Sweden

17 Nov 2014

Vinge advised Nexstim on its IPO and dual listing of shares on First North Finland and First North Sweden. In the IPO, Nexstim issued 2,408,339 news shares at a subscription price of EUR 6.35 per share, amounting to gross proceeds of roughly EUR 15.3 million. Trading in the company's shares on First North Finland and First North Sweden commenced on 14 November 2014. The transaction is the first ever dual listing on the First North exchanges maintained by Nasdaq.

Davis Polk Advises Hitachi, Ltd. on a $581 Million Secondary Offering of Western Digital Corporation Common Stock

14 Nov 2014

Davis Polk advised Hitachi, Ltd. as the selling stockholder in connection with an SEC-registered secondary offering of 6,250,000 shares of Western Digital Corporation common stock. Goldman, Sachs & Co. and BofA Merrill Lynch acted as lead book-running managers and J.P. Morgan Securities LLC and RBC Capital Markets, LLC acted as joint book-running managers for the offering. The total net proceeds to Hitachi from the offering were approximately $581 million.

S$1.9 Billion Pre-conditional Voluntary Offer for United Envirotech Ltd.

14 Nov 2014

Danny Lim, Soh Chai Lih, Bernia Tan and Cynthia Wu from the Corporate & Capital Markets Practice acted for CITIC Limited ("CITIC") and (as joint counsel) CKM (Cayman) Company Limited ("Offeror") in the approximately S$1.9 billion pre-conditional voluntary offer for United Envirotech Ltd.. The Offeror is a consortium vehicle between CITIC and Kohlberg Kravis Roberts & Co. L.P. ("KKR").

United Bankers Plc: Listing on First North

14 Nov 2014

Bankers Plc has listed on the First North Finland marketplace maintained by the Helsinki Stock Exchange. United Bankers is a Finnish midsized investment service group with four business areas: Asset Management, Fund Management, Brokerage and Investment Banking. At the end of June 2014, the assets under the management of the company totalled EUR 1.3 billion, and the company had nearly 4,500 clients.