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Banking & Finance - Capital Markets: Equity

Hogan Lovells Advises on £300M Clean Energy IPO

24 Jul 2013

Hogan Lovells has advised Canaccord Genuity Ltd and Jefferies International Ltd in their role as joint sponsors and bookrunners in relation to the planned initial public offering (IPO) of The Renewables Infrastructure Group Limited (TRIG), the biggest clean energy flotation in London so far this year, announced today, Wednesday 24 July.

TRIG, a newly incorporated Guernsey-based investment company, is seeking to raise £300 million by way of a placing and offer for subscription of shares on the Main Market of the London Stock Exchange.

Bird & Bird advises Frontier on AIM Flotation

23 Jul 2013

Bird & Bird today announces that its Corporate team has advised Frontier Developments plc on its admission to trading on AIM.

Frontier is a leading independent developer of video games with studios in Cambridge, UK and Halifax, Canada and will have a market capitalisation of £40 million on admission.

In June 2013 Frontier completed a successful Pre-IPO fundraising of £2.8 million through the issue of the Convertible Notes and new Ordinary Shares. They are now proposing to raise a further £4 million through a placing of the Placing Shares by Canaccord.

Hogan Lovells Advises Bilfinger Berger Global Infrastructure on £85M Equity Raising

23 Jul 2013

Hogan Lovells has advised Bilfinger Berger Global Infrastructure SICAV S.A. (BBGI) on its successful placing, open offer and offer for subscription raising £85 million, announced on 12 July 2013.

Hogan Lovells previously advised BBGI on its initial public offering in December 2011, the first ever Luxembourg SICAV to be admitted to the Official List of the UK Listing Authority as a closed-ended fund, and last week announced and closed a further equity raise which was significantly over-subscribed.

Clifford Chance advised J.P. Morgan and Morgan Stanley which acted as global coordinators for the €660.6 million capital increase of Erste Group Bank AG

23 Jul 2013

Clifford Chance advised J.P. Morgan and Morgan Stanley which acted as global coordinators for the issuance of new shares in connection with a €660.6 million capital increase of Erste Group Bank AG. The new shares were issued as part of a subscription rights offer to existing shareholders of Erste Group Bank AG and in private placements to institutional investors in European countries, the United States of America and elsewhere.

Eversheds advises NewRiver Retail on £67 million equity fundraising

19 Jul 2013

Global law firm, Eversheds has advised AIM and CISX-quoted NewRiver Retail Limited ("NewRiver"), a UK REIT specialising in value-creating retail property investment and active asset management, on raising £67 million of gross new equity capital.

The proceeds of the fundraising will be deployed on standalone acquisitions, joint ventures and co-investments.

Norton Rose Fulbright advises on €310m Placing and Admission of Green REIT plc

18 Jul 2013

Global legal practice, Norton Rose Fulbright has advised JP Morgan Cazenove and Davy as joint sponsors and bookrunners in relation to the €310million initial public offering of newly-incorporated Irish property investment company, Green REIT plc (Green REIT).

Green REIT (Real Estate Investment Trust) has listed on the premium segment of the London Stock Exchange and the Irish Stock Exchange, making it the first main market listing of an Irish company in Ireland for over five years. Green REIT is also Ireland’s first real estate investment trust.

Osborne Clarke advises on Frontier IPO

18 Jul 2013

Osborne Clarke has advised Canaccord Genuity in its capacity as nominated adviser, broker and sole bookrunner on the successful AIM IPO of Frontier Developments plc (Frontier).

Frontier is a leading independent developer of video games with studios in Cambridge, UK and Halifax, Canada.  The IPO became effective today (15 July 2013), valuing Frontier at approximately £40 million.

The Osborne Clarke team was led by City corporate partner Jonathan King, supported by Associate Director Matthew Bodfield and Senior Associate Samantha New.

Derwent London - launch of an offering of £150 million of convertible bonds

17 Jul 2013

Slaughter and May is advising Derwent London plc ('Derwent London') on the launch of an offering of £150 million of convertible bonds due 2019 ('the Bonds').

The Bond offering, which was announced on 17 July 2013, forms part of Derwent London's wider financial strategy to lower its debt costs, extend maturities and provide an appropriate mix of secured and unsecured debt for the Derwent London Group taking advantage of current favourable market conditions.