Dechert represented OCI Resources LP on its master limited partnership initial public offering (IPO) and listing on the New York Stock Exchange on September 13, 2013. The initial public offering of 5,000,000 common units represents limited partner interests in the Partnership at a public offering price of $19.00 per common unit.
Sydney: Leading international law firm Clifford Chance has advised RBS Morgans and Petra Capital as joint lead managers on the A$61.7 million underwritten pro rata rights offer announced today by Ingenia Communities Group. The company plans to expand its manufactured home park business.
The underwritten pro rata rights offer follows Ingenia's A$20 million placement in June on which Clifford Chance also advised the joint lead managers.
Partner Lance Sacks led on the deal and was assisted by associate Nick Helm.
Davis Polk advised Citigroup Global Markets Inc. as the underwriter in an SEC-registered block trade of 39,075,771 shares of common stock, par value 50¢ per share, of J.C. Penney Company, Inc., sold by investment funds managed by Pershing Square Capital Management, L.P. The net proceeds from the offering totaled approximately $492.4 million.
J.C. Penney Company, Inc. is one of the US's largest apparel and home furnishing retailers, selling family apparel and footwear, accessories, fine and fashion jewelry, beauty products and home furnishings.
Davis Polk advised Citigroup Global Markets Limited, Credit Suisse (Hong Kong) Limited, DBS Bank Ltd. and CIMB Bank (L) Limited as joint bookrunners and lead managers in connection with a Regulation S offering of $400 million zero coupon convertible bonds due 2018 by Advanced Semiconductor Engineering, Inc.
Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising Arrow Global and its principal shareholder, RBS Special Opportunities Fund, on Arrow Global's intention to proceed with an initial public offering of its ordinary shares, as announced on 10 September 2013.
The Firm recently represented CPFL Energias Renováveis S.A. ("CPFL") in connection with its R$914.7 million (US$375.6 million) initial public offering of common shares on the São Paulo Stock Exchange. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S.
The Firm represented Abril Educação in the follow-on offering of 11,313,499 units, each representing one common share and two preferred shares, without par value, of Abril Educação S.A. The units were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons under Regulation S. Abril Educação is one of the largest primary and secondary education companies in Brazil in terms of revenue, focused on the primary, secondary and pre-university education sectors.
Hogan Lovells has successfully closed two block trade transactions today for a combined value of over HK$2.4 billion. On the first transaction Hogan Lovells advised UBS AG as the sole placing agent in respect of a placement of 52,392,000 new H-shares in Tong Ren Tang Technologies Co. Ltd. ("Tong Ren Tang"), raising approximately HK$1.205 billion (US$154 million). Tong Ren Tang is a leading Chinese pharmaceutical company engaged in the production and distribution of Chinese medicines.
Clifford Chance advised Telegraaf Media Groep N.V. (TMG) in connection with the sale of 13,127,832 ordinary shares representing 6% in the capital of ProSiebenSat.1 Media AG, a German company listed on the Frankfurt Stock Exchange. The launch of the transaction by way of an accelerated bookbuilding procedure was announced on 5 September 2013 after close of trading. Allocation and pricing took place in the morning of 6 September 2013. Deutsche Bank acted as the sole bookrunner and has underwritten the transaction, with ABN AMRO acting as financial adviser to TMG.
International law firm Taylor Wessing has advised Powa Technologies Limited on a private placement of shares to raise an aggregate amount of approximately $76 million US dollars. The transaction represents one of the largest investments in an early stage UK technology company in recent years.