Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Equity

Taylor Wessing advises Grand City Properties S.A. on its successful placement of a EUR 150 million convertible bond

21 Feb 2014

Taylor Wessing has advised Grand City Properties S.A. on its successful issue of EUR 150 million senior, secured five year convertible bonds convertible into new and/or existing ordinary shares in Grand City Properties. Following an accelerated book building process, the nominal coupon for the convertible bonds was fixed at 1.50 % p.a.  J.P. Morgan was acting as Sole Global Coordinator, with Berenberg and Deutsche Bank as Joint Bookrunners, and Anoa Capital S.A.

Eversheds advises Flybe Group plc on £150 million equity fundraising

21 Feb 2014

Global law firm Eversheds has advised Flybe Group plc (“Flybe”), a company listed on the main market of the London Stock Exchange, on raising £150 million by way of a Firm Placing and Placing and Open Offer.

Flybe is Europe’s largest independent regional airline and the proceeds of the fundraising will be used to build resilience within the business and to drive profitable growth.

ISS - refinancing in connection with proposed IPO on Copenhagen Stock Exchange

21 Feb 2014

Slaughter and May is advising ISS, one of the world's leading facility services companies, on the refinancing facilities which have been put in place in connection with its proposed IPO of ordinary shares. If it goes ahead the IPO will reportedly be one of the biggest Nordic flotations since the financial crisis.

Stephenson Harwood advises on three secondary fundraisings

20 Feb 2014

Stephenson Harwood LLP has advised three separate companies – The Parkmead Group plc (Parkmead), KSK Power Ventur plc (KSK) and Frontera Resources Corporation (Frontera), on their recent secondary fundraisings, raising over £60 million in aggregate. Stephenson Harwood provided legal guidance to the companies throughout the entire process, from the decision to place the shares, to the finalisation of the fundraisings.

Linklaters advises HgCapital and Manx Telecom on the IPO of Manx Telecom

17 Feb 2014

Linklaters has advised HgCapital and Manx Telecom on Hg's strategic exit from its investment which was achieved by way of an IPO of Manx Telecom's shares and listing on the AIM Market of the London Stock Exchange. Manx Telecom is a leading UK telecommunications operator based on the Isle of Man.

As part of the transaction Manx Telecom's existing debt package was refinanced with Linklaters also acting on the refinancing.

Linklaters previously advised HgCapital on the acquisition of Manx Telecom from Telefonica in 2010.

Burges Salmon advises ITM Power plc on placing to raise £10m

07 Feb 2014

Burges Salmon has advised the energy storage and clean fuel company, ITM Power plc, an AIM quoted company, on its initiative to raise approximately £10 million by way of a placing of 33,333,333 new ordinary shares at 30 pence per share.

The placing was arranged by Zeus Capital Limited and is on a non pre-emptive basis to existing and new institutional investors. Admission is proposed to occur on 24 February 2014, conditional on shareholder approval at a general meeting to be held on 21 February 2014.

Freshfields advises on US$3.1bn listing and related bank facilities of HK Electric Investments

05 Feb 2014

Freshfields Bruckhaus Deringer has advised the underwriters on the global offering and listing of HK Electric Investments on the Hong Kong Stock Exchange, which commenced trading today.

The firm also advised lenders on the provision of two syndicated loans (worth a cumulative total of approximately US$4.8bn) in connection with the listing.

The gross proceeds from the IPO were US$3.1bn, making it the largest business trust listing to date in Hong Kong.