Following on from a £3.25 million institutional fundraising in May 2012, we have advised Bango on another substantial fundraising. Bango is a leading mobile technology company specialising in providing mobile payment and analytics solutions for leading app stores and websites. Bango’s technology makes it easier and quicker for people to make payments with their smartphones.
DLA Piper Weiss-Tessbach in Vienna has advised animal health specialist Zoetis on restructuring measures in Austria, in relation to its stock exchange debut in the United States.The Pfizer subsidiary was able to secure a significant price gain and is now the largest publicly listed company in the animal-health sector.
International law firm DAC Beachcroft has advised long-standing client Probability Plc on the mobile gaming specialist's first placing of new shares in three years.
AIM-listed Probability, a longstanding client of the firm, has raised £2.8 million before expenses via the placing of 4,421,875 new Ordinary shares, the proceeds of which will be used by the company to pursue further growth in its B2C business in the UK and to continue to develop its B2B business in the UK and Italy.
Slaughter and May is advising esure Group plc ('esure') on its intention to proceed with an initial public offering of its ordinary shares, as announced on 27 February 2013.
esure, is a UK motor and home insurer founded by its Chairman, Peter Wood, the foremost general insurance entrepreneur in the UK. Its motor and home policies are sold primarily under the esure and Sheilas' Wheels brands and it also owns 50% of top-four UK insurance price comparison website Gocompare.com.
London: Leading international legal practice Norton Rose’s London funds team underlined their market-leading position in the listed funds market this week as prospectuses published by three funds on Tuesday (19 February) all involved Norton Rose.
The three funds are Greencoat UK Wind plc, TwentyFour Income Fund Ltd and NB Global Floating Rate Income Fund Ltd.
Slaughter and May, working as an integrated team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising the Countrywide Group on its intention to proceed with an initial public offering of its ordinary shares, as announced on 20 February 2013. Countrywide is the UK's leading integrated, full service residential estate agency and property services group as measured by both revenue and transaction volumes in 2012.
Herbert Smith Freehills has acted as international and US counsel to NTPC Limited ("NTPC"), one of India's largest state-owned power generation companies, in connection with an offer for sale ("OFS") by the Government of India of a US$2.14 billion stake in NTPC.
Watson, Farley & Williams (WFW), a leading international law firm, has advised Madagascar Oil Limited (the Company) on a fully subscribed placing and open offer to existing shareholders raising £49.5 million (approximately US$78.4 million). The placing, in respect of which the Company received irrevocable commitments from existing shareholders for US$76 million, was subject to clawback to satisfy valid applications from existing shareholders under the open offer.
London: Leading international law firm Norton Rose is acting for house builder Crest Nicholson, which today announced its highly anticipated IPO and proposed listing on the Premium Segment of the London Stock Exchange.
The first major IPO of a UK domestic company in 2013 will value Crest Nicholson at approximately £553 million. The offer contains both a primary tranche raising £59 million for the company and a secondary offering raising £169 million through the sale by institutional shareholders including Vardé and Deutsche Bank and management.
Herbert Smith Freehills has advised the Joint Lead Managers of National Australia Bank’s (NAB) offer of new convertible preference shares (NAB CPS). The offer is to raise A$1.4 billion with the ability to raise more or less.
NAB CPS are expected to be quoted on the ASX and offered at an issue price of $100 each. The offer is expected to open on 21 February 2013.