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Banking & Finance - Capital Markets: Equity

Freshfields advises on Fast Retailing secondary listing of HDRs in Hong Kong

06 Mar 2014

Freshfields Bruckhaus Deringer has advised the sole sponsor on the secondary listing of Hong Kong depositary receipts (HDRs) of Fast Retailing Co., Ltd. (Fast Retailing)

International law firm Freshfields Bruckhaus Deringer has advised the sole sponsor on the secondary listing of Hong Kong depositary receipts (HDRs) of Fast Retailing Co., Ltd. (Fast Retailing) by way of introduction on the Hong Kong Stock Exchange, which took place today.

Ashurst advises Liberum Capital on £155 million Placing & Open Offer

03 Mar 2014

Ashurst advised Liberum Capital Limited who acted as sponsor, financial adviser and underwriter to Flybe Group plc in connection with its £155 million capital raising. The capital raising was structured as a Firm Placing and Placing and Open Offer of new ordinary shares in Flybe Group plc, and was fully underwritten by Liberum Capital.

The Ashurst team comprised corporate partner Jonathan Parry, senior associates Stuart Dullard and Philippa Michie (tax), and associate Jessie Heners (US law).

Eversheds advises NewRiver on over-subscribed £85 million equity fundraising

03 Mar 2014

Eversheds has advised NewRiver Retail Limited ("NewRiver"), the UK REIT specialising in value-creating retail property investment and active asset management, on its latest £85 million equity fundraising. The size of the fundraising, originally targeting £75 million, was increased following significant investor demand.

The fundraising is the second that NewRiver has successfully completed in just over six months after it raised £67 million in July last year. The proceeds will be will be applied for the purposes of the Company’s continuing investment programme.

Advising Jefferies, JP Morgan and Numis on £1.2bn IPO of AO.com

28 Feb 2014

Simmons & Simmons is advising Jefferies International and JP Morgan Cazenove as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners, and Numis Securities as Joint Bookrunner, on the initial public offering (IPO) of AO World plc (AO), the United Kingdom's leading online retailer of major domestic appliances. AO's sales activities are focused primarily on sales of appliances through the Group's own branded websites, principally AO.com.

Costain - proposed firm placing and placing and open offer

28 Feb 2014

Slaughter and May is advising Costain Group PLC ('Costain'), the UK engineering solutions provider, on its proposed firm placing and placing and open offer of 33,382,068 new ordinary shares to raise gross proceeds of approximately £75.1 million (the 'Capital Raising').

The Capital Raising, which was announced on 27 February 2014, will enable Costain to take greater advantage of opportunities in the UK infrastructure, energy and water markets.

RSA - proposed rights issue to raise approximately £775 million

28 Feb 2014

Slaughter and May is advising RSA in connection with its proposed rights issue to raise approximately £775 million and entry into a standby underwriting agreement.

On 27 February 2014 RSA announced a proposed rights issue with its preliminary results and new strategic action plan. The proposed rights issue, which has been fully underwitten on a standby basis, represents c.20% of the market value of RSA as at 26 February 2014.

CONTACTS

Herbert Smith Freehills advises Macquarie and UBS on Charter Hall Group's $140m institutional placement

28 Feb 2014

Herbert Smith Freehills has advised Macquarie Capital (Australia) Limited (Macquarie) and UBS AG, Australia Branch (UBS) in relation to their roles as joint bookrunners, joint lead managers and underwriters for Charter Hall Group’s A$140 million fully underwritten institutional placement, announced on Tuesday, 25 February 2014.

The proceeds from the offer will be used to repay drawn debt, fund identified investments and provide capital for planned growth initiatives.

LG advises Cenkos Securities plc on Summit Germany Limited's admission to AIM

28 Feb 2014

Lawrence Graham LLP has advised Cenkos Securities plc, nominated adviser and broker to established Germany commercial real estate company, Summit Germany Limited ("Summit Germany"), on a placing of new ordinary shares for Summit Germany and the admission of its shares to trading on the AIM market of the London Stock Exchange.  Admission took place on 26 February 2014.

Dechert Advises Two Pharmaceutical Companies in Recent Matters

25 Feb 2014

Egalet Corporation (Egalet) announced late on Wednesday the pricing of its initial public offering of 4,200,000 shares of its common stock at a public offering price of US$12.00 per share. Egalet Corporation is a specialty pharmaceutical company developing and planning to commercialize proprietary, abuse-deterrent oral products for the treatment of pain and other indications. All of the shares of common stock are being offered by Egalet.

Herbert Smith Freehills advises China Metal Resources Utilization Limited on Hong Kong IPO

24 Feb 2014

Herbert Smith Freehills has advised China Metal Resources Utilization Limited on a HK$698.8 million Hong Kong initial public offering. Herbert Smith Freehills represented China Metal Resources Utilization Limited ("CMRU") on its HK$698.8 million Hong Kong public offering and Regulation S global offering. The issuer's Hong Kong public offering was very significantly over-subscribed by 17.92 times. The issuer's shares commenced trading on the Hong Kong Stock Exchange on 21 February 2014.