Freshfields Bruckhaus Deringer has advised CVC Capital Partners (CVC), PT First Media Tbk and PT Link Net Tbk (Link Net) on Link Net’s US$450m re-IPO by way of international private placement.
The offering, which closed on 3 November 2014, is the largest equity offering to come out of Indonesia in 2014 to date.
Davis Polk is advising China International Capital Corporation Hong Kong Securities Limited and Merrill Lynch Far East Limited as joint placing agents on the HK$3.139 billion (approximately US$405 million) placing of H shares by Huaneng Power International, Inc.
Davis Polk advised Deutsche Bank Securities Inc., Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as representatives of the underwriters in connection with the $2.3 billion secondary offering of 90,000,000 shares of common stock of Hilton Worldwide Holdings Inc. by certain selling stockholders affiliated with The Blackstone Group L.P. Hilton’s common stock is traded on the New York Stock Exchange under the symbol “HLT.”
Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers of the several underwriters in connection with the SEC-registered primary offering of 4,197,500 shares of common stock of Chimerix, Inc. The total gross proceeds to Chimerix, Inc. totaled approximately $121.7 million. The common stock is listed on the NASDAQ Global Market under the symbol “CMRX.”
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Euronet Worldwide, Inc. of an aggregate principal amount of $402.5 million of 1.5% convertible senior notes due 2044, which included $52.5 million aggregate principal amount of convertible senior notes issued pursuant to the exercise in full of the initial purchasers’ over-allotment option.
CMS London is advising new client, River and Mercantile UK Micro Cap Investment Company Limited on its initial public offering and proposed admission to the premium segment of the official list, announced on 4 November. The IPO is due to close in late November.
Siliconware Precision Industries Co., Ltd (“SPIL”) completed the closing for its USD400,000,000 unsecured euro convertible bonds(the “Bonds”) on Singapore Exchange Securities Trading Limited. The Bonds mature on Oct. 31, 2019 and were priced at zero-coupon and 1% yield per annum. This is the largest zero coupon Convertible Bond in Asia Pacific (ex-Japan) in 2014 and was well received and attracted over 70 investors worldwide in only four-hours-book-build period.
We advised Goodbody and Credit Suisse in their roles as Joint Sponsors and Joint Bookrunners in connection with the firm placing and placing and open offer of 285,317,459 new ordinary shares in Hibernia REIT plc raising approximately €299.6m million. The new shares were admitted to the main markets of the Irish Stock Exchange and the London Stock Exchange on 4 November 2014.
The Firm represented Seven Generations Energy Ltd. (“7G”) as U.S. counsel in connection with its recent C$931.5 million ($815 million) common share offering. The common shares were offered in the U.S. pursuant to Rule 144A and outside of the U.S. pursuant to Regulation S as part of 7G’s initial public offering in Canada. 7G’s common shares are now listed on the Toronto Stock Exchange under the ticker symbol “VII.” 7G intends to use the net proceeds from the sale of the common shares to fund its ongoing capital investment program.
Osborne Clarke has advised Fevertree Drinks plc (Fever-Tree), the world’s leading supplier of premium carbonated mixers, on its successful £154 million AIM IPO.
The IPO, which was arranged by Investec, raised approximately £93 million for the company and the selling shareholders, including Lloyds Development Capital. Dealings in the shares, which have been priced at 134 pence, are expected to commence on AIM on 7 November 2014.