Dechert LLP is representing voxeljet AG, a leading German provider of high-speed, large-format 3D printers and on-demand parts services to industrial and commercial customers in its announced initial public offering of 6,500,000 American Depositary Shares (ADS) at a public offering price of $13 per ADS. The company’s ADS began trading today on the New York Stock Exchange under the ticker symbol “VJET.”
Davis Polk advised J.P. Morgan Securities LLC, as sole global coordinator and dealer manager, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co., as dealer managers (together, the “Dealer Managers”), in connection with the SEC-registered portion of a rights offering of up to 28,416,203 new common shares of Compañía Cervecerías Unidas S.A. (CCU), including common shares represented by American Depositary Shares (ADSs). The gross proceeds from the offering were approximately $358 million.
Davis Polk advised RBC Capital Markets, LLC as sole book-running manager on an SEC-registered offering of 18,860,000 shares of Class A common stock of Cumulus Media Inc. for net proceeds of approximately $89.8 million. The Class A common stock is listed on the NASDAQ Global Select Market under the symbol "CMLS." The shares include 2,460,000 shares from the exercise of the underwriters’ over-allotment option in full.
Davis Polk advised Morgan Stanley & Co. International plc and Deutsche Bank Securities Inc. as the initial purchasers for a Rule 144A offering of $172.5 million 4% convertible senior notes due 2018 by NQ Mobile Inc. The securities include $22.5 million of notes purchased by the initial purchasers pursuant to an option to purchase additional securities.
Davis Polk is advising Wumart Stores, Inc in connection with its proposed acquisition of a minority interest and assets of C.P. Lotus and proposed issue of shares to C.P. Lotus (the Transactions). The parties signed a framework agreement on October 15, 2013 that contains binding obligations on both parties to negotiate in good faith to enter into definitive documentation in respect of the Transactions. In addition, Wumart and an affiliate of Ascendant Capital Partners I, L.P. entered into a framework agreement in relation to the subscription by Ascendant Capital of H shares in Wumart.
Davis Polk advised Nexteer Automotive Group Limited (Nexteer) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the global offering amounted to approximately HK$2 billion (approximately US$260 million) prior to any exercise of the over-allotment option.
Vienna, Austria - Global law firm Baker & McKenzie acted as a legal adviser for a banking consortium in the capital increase of AT&S Austria Technologie & Systemtechnik Aktiengesellschaft, a leading Austrian printed circuit board manufacturer. Erste Group Bank AG and Berenberg, Gossler & Co. KG acted as joint lead managers of the banking consortium.
Frankfurt; Global legal practice Norton Rose Fulbright has advised Close Brothers Seydler Bank as sole global coordinator and sole book runner on the IPO of Germany’s long-established publishing house Bastei Lübbe AG. A total of 4 million shares at an offering price of €7.50 per share could be placed, among those 3.3 million shares from a capital increase in Bastei Lübbe AG. Gross proceeds amounted to €30 million and shall be used, primarily, to further develop the digital book business.
Global legal practice, Norton Rose Fulbright has advised RBC Capital Markets and J&E Davy in their roles as joint bookrunners and underwriters on the recent US$105 million fundraising by Kenmare Resources plc (Kenmare).
The fundraising was conducted by way of a fully underwritten placing of new ordinary shares and warrants to subscribe for new ordinary shares.
Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (HSBC) as the sole manager in the disposal of shares of Want Want China Holdings (Want Want) by Uni-President China Holdings Ltd.
Uni-President China Holdings Ltd. purchased the shares of Want Want in 2008, and the disposal constitutes the block sale of 46,261,000 shares in Want Want. Following this disposal, Uni-President China Holdings Ltd. disposed all of its current holding in Want Want.