Ashurst has advised Mitsubishi Corporation on its pre-emptive rights during the $1.04 billion sale of the Clermont Coal Joint Venture by Rio Tinto to GS Coal Pty Ltd.
Rio Tinto's wholly-owned subsidiary, Queensland Coal Pty Ltd (QCPL), sold its 50.1% interest in the joint venture to GS Coal, a special purpose vehicle ultimately owned 50:50 by Glencore International AG and Sumitomo Corporation.
Norton Rose Fulbright has advised on the initial public offering of GAME Digital plc (‘GAME’), the leading omni-channel specialist retailer of video games in the UK and Spain.
The offer price was set at 200 pence per Ordinary Share, giving GAME a total market capitalisation at the offer price of £340 million. The offer raised gross proceeds of approximately £121 million.
Macfarlanes has advised GAME Digital plc, the leading omni-channel specialist retailer of video games in the UK and Spain, on its flotation on the main London market.
Based on the offer price of 200 pence per share, which raised gross proceeds of approximately £121 million for GAME and the selling shareholders, the market capitalisation of GAME at IPO was £340 million.
The Macfarlanes team was led by corporate partners Robert Boyle and Stephen Drewitt.
Olswang has advised CityFibre Infrastructure Holdings PLC, a leading owner and operator of fibre optic infrastructure, on an oversubscribed placing of 42,857,142 shares, raising £30.0 million in total (before expenses).
Olswang also assisted CityFibre with the implementation of a new suite of share incentives.
Davis Polk advised Qingdao Port International Co., Ltd. (“Qingdao Port”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the offering amounted to approximately HK$2,493.2 million ($321.6 million) prior to any exercise of the over-allotment option.
A Dentons team led by Tim Haney and including Lucas Tomei and Dan Shea acted as counsel for the underwriters in the successful completion of Keyera Corp.’s public offering of 3,750,000 common shares, as well as the sale of an additional 562,500 common shares pursuant to the over-allotment option exercised by the underwriters in connection with the public offering.
The total number of common shares sold by Keyera in the public offering was 4,312,500 and these were priced at $73.75 per common share for gross total proceeds of approximately CA$318 million.
Davis Polk advised Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Robert W. Baird & Co. Incorporated and Deutsche Bank Securities Inc. as representatives of the several underwriters in connection with an SEC-registered secondary offering of 17,250,000 shares of common stock of Rexnord Corporation sold by affiliates of Apollo Global Management, LLC, for an aggregate price to the public of $439.9 million, including 2,250,000 shares from the full exercise of the underwriters’ option to purchase additional shares.
Clifford Chance has advised 7-Eleven Malaysia Holdings Berhad on the international law aspects of its 144A/Reg S US$225 million IPO on the Main Market of Bursa Malaysia Securities Berhad. A total of 530,325,000 shares were sold at MYR1.38 per share.
Singapore Capital Markets partner Raymond Tong who led on this transaction commented, "We are delighted to have worked with 7-Eleven on this very successful listing. There was great demand from both local and overseas investors on this issuance highlighting the strength of the Malaysian consumer goods and retail sector."
DWF has advised Clipper Logistics plc ("Clipper"), a leading provider of logistics solutions to the retail sector in the UK, on its Main Market IPO which, at the commencement of conditional dealings will have a total market capitalisation of approximately £100 million. The listing will facilitate future access to capital and provides Clipper with a platform for growth in the rapidly expanding e-fulfilment and returns market.
Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, has recently advised Brit PLC, a global specialty insurer and reinsurer, on Brit’s initial public offering of its ordinary shares.