Osborne Clarke has advised Koovs plc (AIM:KOOV) on its £36m admission to AIM and associated £22m placing. The net proceeds of the placing (which was oversubscribed) will be used to finance the acquisition of a majority stake in the Indian business which owns the rights to the Koovs.com digital fashion website in India. Koovs’ executive chairman is Lord Waheed Ali, who was chairman of ASOS plc between 2000 and 2012.
Osborne Clarke has advised Canaccord Genuity as sole bookrunner on the £11.4million (before expenses) cash box placing by Goals Soccer Centres plc (AIM:GOAL), the premier operator of ‘next generation’ 5-a-side soccer centres. The net proceeds of the placing will be used to finance the accelerated roll-out of new sites in the UK and US and to improve the Company's capital structure.
The Osborne Clarke team was led by Partner Jonathan King who was assisted by Senior Associate Samantha New.
Davis Polk is advising Morgan Stanley & Co. LLC as the dealer manager in connection with a modified “Dutch auction” tender offer by Genpact Limited to purchase up to $300 million in value of its common shares at a price that is not greater than $18.00 nor less than $16.50 per share. The number of common shares proposed to be purchased in the tender offer, at the minimum purchase price of $16.50 per share represents approximately 8% of Genpact’s outstanding common shares as of February 28, 2014.
Cravath represented UTi Worldwide Inc. in connection with its US$400 million Rule 144A offering of 4.50% Convertible Senior Notes Due 2019 and concurrent US$175 million private placement of 7.00% Convertible Preference Shares to UTi’s largest shareholder, P2 Capital Partners LLC. UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company that provides services through a global network of freight forwarding offices and contract logistics and distribution centers. The transaction closed on March 4, 2014.
Global legal practice Norton Rose Fulbright has advised Banca Profilo S.p.A. in its capacity as Global Coordinator in relation to the listing of GALA S.p.A. on AIM Italia/Mercato Alternativo del Capitale, the multilateral trading facility organised and managed by Borsa Italiana S.p.A.. Gala is one of the main Italian energy companies engaged in the supply of electricity to the public administration and to mixed public-private companies.
The transaction is one of the largest value capitalisations ever completed on AIM Italia. Trading is expected to start on 10 March 2014.
Ashurst has acted for CBA Equities Limited (CBA) in relation to ClearView Wealth Limited's (CVW) A$45 million fully underwritten placement and accelerated pro-rata non-renounceable entitlement offer.
Ashurst has acted for Western Areas Ltd in an A$104 million, fully underwritten placement (A$89 million) and non-underwritten share purchase plan (SPP) up to a further A$15 million.
The Placement was conducted via a bookbuild in both Australia and selected international jurisdictions, underwritten at A$3 per share.
Capital Stage AG has successfully completed a 10% capital increase. The Hamburg-based company has acquired photovoltaic plants and wind farms in Germany and Northern Italy with a capacity of around 241 megawatt peak (MWp) since 2009, making it one of the largest independent solar park operators in Germany.
Osborne Clarke has advised long-standing client The UNITE Group plc (UNITE) on its £100 million Firm Placing and Placing and Open Offer (Issue) announced today. The Issue has been fully underwritten by joint bookrunners J.P. Morgan Cazenove, Numis Securities and Jefferies.
Olswang has advised CityFibre Infrastructure Holdings Plc, a leading owner and operator of fibre optic infrastructure, on its admission to trading on the London Stock Exchange's AIM market. The Company raised £16.5 million, giving the group a market capitalisation on admission of approximately £31.4 million.