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Banking & Finance - Capital Markets: Equity

Cowen Group, Inc. $149.5 Million Cash Convertible Senior Notes Offering and Cash Convertible Note Hedge and Warrant Transactions

21 Mar 2014

Davis Polk advised Nomura Securities International, Inc. as representative of the initial purchasers in connection with a Rule 144A offering by Cowen Group, Inc. of an aggregate principal amount of $149.5 million of 3% cash convertible senior notes due 2019. In addition, Davis Polk advised Nomura Global Financial Products Inc. as counterparty to cash convertible note hedge and warrant transactions with Cowen Group, Inc. in connection with the cash convertible senior notes offering. 

Clifford Chance advises on Haichang Holdings' HK$2.45 billion IPO

20 Mar 2014

Leading international law firm Clifford Chance has advised BNP Paribas and Bank of America Merrill Lynch as joint global coordinators of Haichang Holdings Ltd's HK$2.45 billion (approx. US$315 million) global offering and listing on the Main Board of the Stock Exchange of Hong Kong. The Company sold a total of 1,000,000,000 shares at HK$2.45 each. Haichang started trading in Hong Kong on Thursday, 13 March 2014.

DLA Piper advises on largest North West AIM IPO

19 Mar 2014

DLA Piper has announced its involvement in the IPO of online fashion retailer boohoo.com

The Manchester team who acted for boohoo.com plc provided advice to the company on its flotation and placing of new shares on AIM.

boohoo.com, which is based in Manchester is to place 600 million new ordinary shares at 50 pence per share, giving the business a market capitalisation of approximately £560m. Existing shareholders will retain a further 44% of boohoo's shares.

Advising NM Rothschild & Sons Limited, Investec Bank plc and Liberum Capital Limited on a £75.1m Firm Placing and Placing and Open Offer by Costain Group plc

19 Mar 2014

Simmons & Simmons is advising NM Rothschild & Sons Limited as sponsor and Investec Bank plc and Liberum Capital Limited as joint bookrunners on a £75.1m firm placing and placing and open offer by Costain Group plc (Costain), a leading tier one engineering solutions provider to the UK infrastructure, energy and water markets. The purpose of the capital raising is to enable Costain to take greater advantage of the opportunities in its chosen markets and thereby accelerate the group's medium and long term growth prospects.

Simmons Advising Liberum and Macquarie on £43m Placing by Sirius Minerals Plc

19 Mar 2014

Simmons & Simmons advised Liberum Capital Limited and Macquarie Capital (Europe) Limited as Joint Bookrunners on the placing by Sirius Minerals Plc (Sirius) of new ordinary shares and warrants in respect of new ordinary shares. The placing raised gross proceeds of £43m. Sirius is a potash development company quoted on the London Stock Exchange’s AIM market (AIM) and is primarily focused on the development of the world’s largest and highest grade polyhalite deposit in the United Kingdom.

Advising JP Morgan Cazenove and Numis Securities on a £78m Placing and £250m Acquisition by Interserve plc

18 Mar 2014

Simmons & Simmons is advising JP Morgan Cazenove and Numis Securities as joint sponsors on the Class 1 acquisition by Interserve of the facilities service business of Rentokil Initial plc, for a cash consideration of £250m (Acquisition). The acquisition is being part financed by a placing of new shares representing up to 9.9% of the issued share capital of Interserve to raise approximately £78m (Placing). Simmons & Simmons are also advising JP Morgan Cazenove and Numis Securities as joint bookrunners on the Placing.

Advising JP Morgan Cazenove, Numis Securities and Jefferies on a £100m firm placing and placing and open offer by The UNITE Group plc

18 Mar 2014

Simmons & Simmons is advising JP Morgan Cazenove, Numis Securities and Jefferies on a £100m firm placing and placing and open offer by The UNITE Group plc, the UK's leading developer and manager of student accommodation. Half of the net proceeds of the firm Placing and Placing and Open Offer will be used to fund an acceleration of the group's highly targeted regional development programme in select key university towns and cities, taking advantage of cyclically low development costs.