Ashurst is advising Lazard & Co., Limited in relation to the £1.448 billion recommended cash offer for John Laing Infrastructure Fund Limited ("JLIF") by Jura Acquisition Limited (a newly formed company owned by a consortium jointly-led by funds managed by Dalmore Capital and funds managed by Equitix).
London—Dentons has advised the joint bookrunners, Stifel Nicolaus Europe Limited and BMO Capital Markets Limited, on the US$110 million fundraising and AIM listing of Jadestone Energy Inc., the independent oil and gas production company focused on the Asia Pacific region. The fundraising was upsized from the initially announced US$95 million, and Jadestone, which is listed on the Toronto Venture Exchange, expects to be admitted to the AIM market of the London Stock Exchange on 8 August 2018.
Ashurst has advised National Australia Bank Limited ('NAB') in relation to the A$110 million facilities provided to Vitalharvest REIT in connection with its listing on the Australian Stock Exchange ('ASX').
VitalHarvest is a real estate investment trust (REIT) focused on agriculture. It owns one of Australia’s largest aggregations of citrus orchards and one of Australia’s largest aggregations of berry farms. The initial assets were independently valued at A$238.4 million.
Davis Polk advised Hope Education Group Co., Ltd. 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 net proceeds from the offering amounted to approximately HK$3.0586 billion (US$389.7 million) prior to the exercise of the over-allotment option.
Hope Education Group is the second-largest private higher education group in China in terms of the number of students enrolled for higher education as of December 31, 2017.
We have advised on the IPO of Castellana Properties SOCIMI (REITs are referred to as "SOCIMIs" in the Spanish market) which has been listed on the Mercado Alternativo Bursátil (the MAB) of shares issued by SOCIMIs.
International law firm Ashurst advised NatWest Markets plc, Lloyds Bank plc and Ulster Bank Ireland DAC on €300 million underwritten term and revolving facilities for Applegreen plc, a major petrol forecourt retailer headquartered in Ireland, to be used to finance its proposed acquisition of a majority stake in Welcome Break and to refinance existing facilities.
DLA Piper advised Liquidia Technologies, Inc. (NASDAQ: LQDA), a late-stage clinical biopharmaceutical company, in its US$50 million initial public offering. The company is focused on the development and commercialization of human therapeutics using its proprietary PRINT® technology.
Cleary Gottlieb represented global real estate services firm Cushman & Wakefield plc and its principal shareholders, a consortium comprised of TPG, PAG Asia Capital, and Ontario Teachers’ Pension Plan Board, in the company’s $765 million initial public offering of 45 million of its ordinary shares.
Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by Cango Inc. of 4,000,000 American Depositary Shares, each representing two Class A ordinary shares, for total proceeds of $44 million. Cango has granted the underwriters an option to purchase up to an additional 600,000 ADSs. The ADSs are listed on NYSE under the symbol “CANG.”
Davis Polk advised the representatives of the several underwriters in connection with an initial public offering of 7,291,000 American Depository Shares, each representing one Class A ordinary share of Endava plc, including all ADSs subject to the underwriters’ option to purchase additional ADSs. Endava issued and sold 3,228,995 ADSs and certain existing stockholders sold an additional 4,062,005 ADSs. Endava’s ADSs are listed on the New York Stock Exchange under the symbol “DAVA.”