Ashurst advised JZ Capital Partners Limited on the issue of up to £78 million of Convertible Unsecured Subordinated Loan Stock due 2021 ("CULS"). JZ Capital Partners is a listed private equity investment company which invests US and European micro-cap companies. J.P. Morgan Securities plc (which conducts its UK investment bank business as J.P. Morgan Cazenove) acted for JZ Capital Partners as broker and placing agents.
Norton Rose Fulbright has advised private bank Berenberg and equinet bank on the successful capital increase of RIB Software AG by way of issuance of about 3.9 million new shares from authorised capital with exclusion of pre-emptive rights.
In total, about 5.9 million shares, including 2 million from the holdings of existing shareholders, have been placed with institutional investors in Germany, other European countries and the USA at a price of €12.50 per share by means of an accelerated book-building process. The total placement volume amounted to €74.3 million.
Squire Patton Boggs’ Capital Markets team has advised Numis Securities Ltd, in its capacity as nominated adviser and broker, on the AIM IPO of ULS Technology plc. ULS is the provider of online B2B platforms for the UK conveyancing and financial intermediary markets. ULS commenced trading on AIM on 28 July with a market capitalisation of approximately £26 million, and raised £4.6 million for the company on admission.
Birmingham Corporate partner Edward Dawes led the Squire Patton Boggs team which included Nina Martyres and Lucy Partridge.
Trowers & Hamlins is delighted to have advised new clients Cairn Financial Advisers LLP and HD Capital Partners LLP as nominated adviser and broker, respectively, for TSX-V listed Bacanora Minerals ("Bacanora"), which was successfully admitted to the AIM Market of the London Stock Exchange ("AIM") today after completing a CAD$8.7m equity offering.
Simpson Thacher represented the underwriters, led by joint book-running managers J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC, in the initial public offering by Globant S.A. of 6,727,5000 common shares at a price to the public of $10.00 per share, including 877,500 shares sold in connection with the full exercise of the option to purchase additional shares granted to the underwriters. Globant’s common shares are listed on the New York Stock Exchange under the ticker symbol “GLOB.”
Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with a secondary offering by a fund affiliated with The Carlyle Group (“Carlyle”) of 20,125,000 shares of common stock of CommScope Holding Company, Inc. (“CommScope”), a portfolio company of Carlyle. Approximately $445.5 million in net proceeds was raised in the offering.
Simpson Thacher advised the underwriters on a 1,684,507 share equity offering by Westmoreland Coal Company (“Westmoreland”). BMO Capital Markets and Deutsche Bank Securities were the joint book-running managers for the offering.
Westmoreland is the oldest independent coal company in the United States. Westmoreland’s existing coal operations include sub-bituminous coal mining in the Powder River Basin in Montana and Wyoming, and lignite mining operations in Montana, North Dakota and Texas.
DLA Piper represented the underwriters for Trupanion, a medical coverage provider for pets, in its US$82 million initial public offering on the NYSE, which included shares sold upon exercise of the underwriters’ option to purchase additional shares.
The DLA Piper team representing the underwriters in the Trupanion IPO was led by partner Peter Astiz, global co-head of the firm’s Technology practice, partner Trent Dykes (Seattle) and senior associate Andrew Ledbetter (Seattle), and included associates Kevin Criddle and Kerra Melvin (both of Seattle).
Davis Polk advised RBC Capital Markets, LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers on an SEC-registered offering by The KEYW Holding Corporation (KEYW) of $130 million aggregate principal amount of 2.5% convertible senior notes due 2019. The underwriters also have an option to purchase up to an additional $19.5 million aggregate principal amount of the notes solely to cover over-allotments. In addition, Davis Polk advised the Royal Bank of Canada and Bank of America, N.A.
Squire Patton Boggs’ Capital Markets team has advised Canaccord Genuity and North Square Blue Oak on the AIM IPO of DJI Holdings plc. DJI, which operates through its subsidiaries as a licensed and authorised distributor and promoter of regulated lottery products in the Chinese lottery market, has been admitted to AIM with a market capitalisation of approximately £130 million.