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Banking & Finance - Capital Markets: Equity

Clifford Chance advises Hanhua Financial on its HK$1.86 billion IPO

24 Jun 2014

Leading international law firm Clifford Chance has advised Hanhua Financial Holding Co., Ltd. on its HK$1.86 billion (approx. US$ 239 million) listing on on the Main Board of The Stock Exchange of Hong Kong Limited. A total of 1.15 billion shares were sold at HK$1.62 per share. CICC and China Galaxy acted as joint sponsors and bookrunners.

Hanhua Financial is a leading credit-based guarantee financing provider for small and medium-sized enterprises in China. Proceeds from the listing will primarily be used for its microfinance and small loans business.

Eversheds advises Investec on £308.5m Main Market IPO of FDM Group

23 Jun 2014

Law firm Eversheds has advised Investec Bank plc, as sponsor and sole bookrunner, on the £308.5 million Main Market IPO of FDM Group, the IT-focused international professional services provider.

Founded in 1991, FDM is a UK-based international professional services provider focusing principally on IT, specialising in the recruitment, training and deployment of its own permanent IT consultants across six core service areas: Development; Testing; Project Management Office; Data Analysis; Application Support; and Infrastructure.

Ashurst acts for Alkane Resources in A$10m equity raising

23 Jun 2014

Ashurst has advised Alkane Resources Ltd (Alkane) in a A$10.4million equity raising for the further development of its Dubbo Zirconia Project (DZP) in Central West NSW.

Alkane announced the equity raising to institutional and sophisticated investors of 40 million shares at A$0.26 per share, with the funds raised from the placement to be used for:

• Progression of the DZP front end engineering design for bankable standard capital and operating costs to assist with project funding;
• Further DZP product development, enhancement and marketing;

Squire Patton Boggs Advises on Frankfurt and Warsaw IPO

23 Jun 2014

Squire Patton Boggs has acted for JJ Auto AG, a leading manufacturer and supplier of automotive parts for the Chinese market, on its parallel IPO on the Frankfurt Stock Exchange and Warsaw Stock Exchange. Since earlier this week, JJ Auto AG’s shares are listed in the regulated market (General Standard) of the Frankfurt Stock Exchange and the regulated market (Parallel Market) of the Warsaw Stock Exchange.

Taylor Wessing advises FDM Group on £308.5m IPO

20 Jun 2014

Taylor Wessing has advised FDM Group (Holdings) plc, the international provider of professional IT and business services, around the successful pricing of its initial public offering of shares to the premium segment of the Official List of the Financial Conduct Authority and for trading on the main market of the London Stock Exchange.

Based on the offer price, the market capitalisation of FDM will be approximately £308.5 million, making it the UK's largest listed IT services provider.

Macfarlanes advises on IPO of OneSavings Bank plc

20 Jun 2014

Macfarlanes has advised the major shareholder on the IPO on the premium list of the main market of the London Stock Exchange of OneSavings Bank.

OneSavings Bank is a specialist lending and retail savings group serving the UK, Jersey and Guernsey.  Following the IPO, OneSavings Bank was valued at £413m.

The Macfarlanes team was led by corporate M&A partner Matthew Blows, with senior counsel William David and Mark Slade.

AmeriGas Partners, L.P. $389.3 Million Secondary Offering

20 Jun 2014

Davis Polk advised Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC as representatives and joint book-running managers in connection with an SEC-registered secondary offering of 8,500,000 common units representing limited partner interests of AmeriGas Partners, L.P., sold by a subsidiary of Energy Transfer Partners, L.P.

Herbert Smith Freehills advises Greencross on its A$120 million entitlement offer

20 Jun 2014

Herbert Smith Freehills has advised Greencross Limited (Greencross) on its A$120 million fully underwritten pro-rata accelerated non-renounceable entitlement offer and institutional placement (Offer), announced 16 June 2014.

The proceeds from the Offer will be used by Greencross to partially fund its acquisition of CF Group Holdings Pty Limited (City Farmers).