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Banking & Finance - Capital Markets: Equity

Norton Rose Fulbright advises on €200m IPO of Irish Residential Properties REIT plc

28 Apr 2014

Norton Rose Fulbright has advised Investec Bank plc and TD Securities Inc. as joint bookrunners in relation to the €200 million initial public offering of Irish residential property investment company, Irish Residential Properties REIT plc (IRES REIT), and its admission to trading on the regulated market for listed securities of the Irish Stock Exchange. Investec Bank plc, acting through its Irish Branch, was sponsor.

Trowers & Hamlins lays groundwork for Cambian’s flotation

24 Apr 2014

Trowers & Hamlins have advised Cambian, the UK's largest specialist behavioural health service business, on its pre-flotation mergers with Care Aspirations and Advance Childcare and flotation on the London Stock Exchange.  The company, which was valued at approximately £530 million (or 13x 2013 Adjusted EBITDA), commenced unconditional trading on 16 April 2014.

Paul, Weiss Completes Three Significant Securities Offerings

24 Apr 2014

RSA Insurance Group plc, a multinational general insurance company, completed a £773 million ($1.3 billion) fully underwritten rights issue. J.P. Morgan Securities plc and Merrill Lynch International acted as joint global coordinators, joint bookrunners and joint underwriters. J.P. Morgan Securities plc also acted as the sponsor.

The Paul, Weiss London office was co-counsel to the issuer along with Slaughter and May. The Paul, Weiss team advising RSA included securities partner Mark Bergman. Assistance was provided by tax partner David Mayo.

Norton Rose Fulbright advises on Arabian Cement IPO in Egypt

23 Apr 2014

Global legal practice Norton Rose Fulbright is acting as international transaction counsel in relation to the announced initial public offering in Egypt and international institutional offering of Arabian Cement Company (ACC) on The Egyptian Exchange. EFG Hermes and CI Capital are acting as Joint Global Coordinators in connection with the offering. ACC, the Egyptian cement producer, is majority-owned by Spain's Cementos La Union.

BAIOO Family Interactive Limited HK$1.5 Billion IPO

23 Apr 2014

Davis Polk advised the underwriters led by Deutsche Bank AG, Hong Kong Branch and Citigroup Global Markets Asia Limited as joint sponsors and joint global coordinators for the initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S of BAIOO Family Interactive Limited (BAIOO). The gross proceeds from the global offering amounted to approximately HK$1.5 billion (US$195.8 million) without the exercise of the over-allotment option.  

Solazyme, Inc. Concurrent Public Offerings of 5,750,000 Shares of Common Stock and $149.5 Million Convertible Senior Subordinated Notes

22 Apr 2014

Davis Polk advised Solazyme, Inc. (SZYM) in connection with its concurrent SEC-registered offerings of 5,750,000 shares of common stock (which included 750,000 shares from the full exercise of the underwriters’ option to purchase additional shares) and an aggregate principal amount of $149.5 million of 5% convertible senior subordinated notes due 2019 (which included $19.5 million aggregate principal amount of notes from the full exercise of the underwriter’s over-allotment option). 

Travers Smith advises Polypipe Group plc on its £490 million IPO

22 Apr 2014

Corporate Partners Spencer Summerfield and Charles Casassa and Corporate Senior Associates Dan Simons and Dan McNamee have advised Polypipe Group plc ("Polypipe") on its listing on the main market of the London Stock Exchange on 16 April 2014 and its IPO and global offering to institutional investors, including QIBs in the United States, of shares held by the management team, certain employees and Polypipe's principal shareholder, Cavendish Square Partners LP.