Davis Polk advised Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as the underwriters in connection with an SEC-registered block trade of 28,280,000 Class A shares representing limited liability interests in Fortress Investment Group LLC. As part of the offering, certain officers and senior employees of Fortress, including Fortress principals, sold 5,077,141 Class A Shares. The aggregate proceeds of the offering were approximately $227.4 million. Fortress’s Class A shares are traded on the New York Stock Exchange under the symbol “FIG.”

Davis Polk advised Credit Suisse Securities (USA) LLC and Cowen and Company, LLC as joint book-running managers in connection with the $82.8 million Achaogen, Inc. initial public offering, which includes the full exercise of the underwriters’ over-allotment option. Achaogen’s common stock is listed on the NASDAQ Global Market under the symbol “AKAO.” 

Travers Smith has advised new client Jefferies International Limited as Nomad and Broker on the AIM IPO of Xeros Technology Group plc.

Simmons & Simmons is advising Barclays Bank PLC and Canaccord Genuity Limited as Joint Bookrunners on the placing by Monitise plc of 160,643,031 new ordinary shares (the “Placing Shares”) with new partner MasterCard and certain institutional investors to raise gross proceeds of approximately £109 million, which was announced on 24 March 2014.

Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising RSA Insurance Group plc (RSA) on a fully underwritten rights issue to raise approximately £773 million (the Rights Issue).

DLA Piper advised Q2 Holdings, Inc., a leading provider of cloud-based virtual banking solutions, in its initial public offering valued at approximately US$100 million.

The DLA Piper team representing Q2 was led by partner John J. Gilluly III and also included partner Ariane Chan and associates Anna Denton, Justin Bowes and Brent Bernell.

Nabarro has advised Cenkos Securities on the AIM IPO of XLMedia plc expected to raise £41.8m and lead to a market capitalisation of £92.9m. XLMedia is a global digital publisher and marketing company for online gaming operators, with customers such as Betson, Mr Green, 888.com, Bet365, Ladbrokes and William Hill.

Believed to be one of the largest traffic providers to the online gambling industry, XLMedia controls over 2,000 websites providing content in 17 languages and has a strong presence in the Scandinavian market.

Taylor Wessing is advising Eagle Eye Solutions Group plc on its proposed flotation on the AIM market of the London Stock Exchange, as well as its acquisition of 2ergo Limited.

Eagle Eye Solutions Group plc announced its intention to IPO on AIM this morning (21 March), hoping to raise approximately £6 million. The company simultaneously announced the conditional acquisition of 2ergo Limited, a business that specialises in digital payment technology solutions.

DLA Piper advised Paylocity Holding Corporation in its initial public offering valued at approximately US$100 million. Founded in 1997, the Arlington Heights, Illinois-based company provides cloud-based payroll and human capital management software to medium-sized businesses.

DLA Piper’s team representing Paylocity was led by partner John J. Gilluly III and also included associates Anna Denton and Joseph Fore.

Osborne Clarke has advised the syndicate of institutional investors, who included Imperial Innovations and Invesco Perpetual on the £581m flotation of Circassia on the London Main Market.

Circassia is a specialty biopharmaceutical company focused on developing world-class immunotherapies.

Circassia is the first biotech company to list on the London's Main Market since 2006 and it is believed to be the biggest biotech company to ever IPO on the London Markets.