DLA Piper has advised the construction company A. Porr AG on its public capital increase.
The 287.698 new shares were issued and publicly offered for a subscription and offer price of EUR 72.00 per new share. A capital market prospectus has been created for the public offer and the listing.
The initial pricing of the new shares on the Vienna Stock Exchange took place on May 17, 2013. The subscription agent was Raiffeisen Centrobank AG.
Simmons & Simmons is advising Numis Securities Limited and Peel Hunt LLP as joint bookrunners, and Numis Securities Limited as sponsor, to Main Market listed Primary Health Properties PLC (“PHP”) on its proposed firm placing and placing, open offer and offer for subscription at 315 pence per share to raise gross proceeds of up to £60.0 million.
The fundraising was announced by PHP on 22 May 2013 and is conditional upon shareholder approval and admission of the new shares.
Dentons’ Capital Markets team in Warsaw has led on the recent debut listing of Immofinanz, the largest Austrian real estate company, on the Warsaw Stock Exchange. The shares will be listed on the WIG Index starting on June 21, 2013. Immofinanz Group’s core markets include Russia, Poland, Romania, the Czech Republic, Slovakia and Hungary.
The Dentons team was led by Partner Marcin Bartczak and included Capital Markets specialists Inga Dulska and Artur Cieslik.
DLA Piper represented UBIC, Inc., a Tokyo-based provider of Asian language e-discovery services, in its US public offering, valued at approximately US$9 million.
Under the terms of the deal, UBIC offered 1,100,000 American Depositary Shares (ADSs), with each five ADSs representing one share of the company's common stock. The transaction closed on May 21, 2013.
Beijing, Hong Kong: Leading international law firm Clifford Chance has advised the 21 joint bookrunners* on China Galaxy Securities US$1.07 billion IPO on the Hong Kong Stock Exchange. Joint global coordinators for the deal were Goldman Sachs, JP Morgan, China Galaxy International Securities Hong Kong Limited, ABCI Capital Limited and Nomura. The company sold approximately 1.6 billion H shares at HK$5.30 each.
Dentons has advised Africa focused oil and gas exploration company Lekoil Limited on its admission to trading on AIM. Lekoil raised £32 million, placing 80 million shares on AIM in what is the biggest AIM listing to be completed so far in 2013. It is the seventh Nigeria focused company to list in London.
Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising FirstGroup plc ('FirstGroup') on a fully underwritten rights issue to raise approximately £615 million (the 'Rights Issue').
The Rights Issue, which was announced on 20 May 2013, will provide FirstGroup with additional finance resources to continue investment in the business and to reduce the Group's net indebtedness by paying down borrowings under the Group's bank facilities.
Hong Kong, Bangkok: Leading international law firm Clifford Chance has advised BBL Asset Management Company Limited (BBLAM), as the management company of BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF), on BTSGIF's US$1.4 billion (Bt41.5 billion) IPO, the biggest listing ever in Thailand and the first IPO of an infrastructure fund in Thailand. BTSGIF sold 3.86 billion units at Bt10.80 each comprising 66.7% of the fund. BTS Group bought the remaining 33.3%, bringing the total fundraising to US$2.1 billion.
Slaughter and May is advising Thomas Cook Group plc ('Thomas Cook') on a £1.6 billion capital refinancing plan (the 'Capital Refinancing Plan').
The Capital Refinancing Plan, which was announced on 16 May 2013, comprises the following three inter-conditional financing elements:
Allen & Overy is advising SINOPEC Engineering (Group) Co., Ltd. (“SINOPEC Engineering”) on its landmark (approximately) USD2 billion initial public offering (IPO) and listing on the Hong Kong Stock Exchange, Hong Kong’s largest IPO so far in 2013. The firm’s Hong Kong office has a strong track record in advising on sizeable IPOs for Chinese state-owned enterprises, having advised Agricultural Bank of China on its USD22.1bn IPO in 2010.