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Banking & Finance - Capital Markets: Equity

Slaughter and May is advising Glenveagh Properties PLC in connection with its firm placing and placing and open offer

25 Jul 2018

Slaughter and May is advising Glenveagh Properties PLC (“Glenveagh), an Irish homebuilder listed on Euronext Dublin and the London Stock Exchange, in connection with its firm placing and placing and open offer.  The capital raise, which was announced on 17 July 2018, will raise gross proceeds of approximately €213 million which will be used by Glenveagh to fund future land acquisitions and the development of new and existing sites.

Heuking Kühn Lüer Wojtek advises SBS on mandatory delisting offer for Sinner AG

24 Jul 2018

With a team led by Jens-Hendrik Janzen, Partner at the firm’s Stuttgart office, and Dr. Mirko Sickinger, Partner at the Cologne office, Heuking Kühn Lüer Wojtek is advising SBS Familien-Verwaltungs AG on performing a mandatory delisting offer: The shareholders of Sinner Aktiengesellschaft have the option of offering to SBS all of their no-par bearer shares in Sinner Aktiengesellschaft. SBS currently holds 75.14 percent of the shares in Sinner Aktiengesellschaft.
 

Trowers & Hamlins advises on Sultanate of Oman’s first corporate private placement

24 Jul 2018

International law firm Trowers & Hamlins advises on Sultanate of Oman’s first corporate private placement of up to RO 75,000,000 Deferrable Unsecured Perpetual Subordinated Fixed Rate Resettable Bonds Issued by Oman International Development & Investment Company S.A.O.G. (Ominvest)

This is Oman's first corporate deferrable unsecured perpetual subordinated fixed rate resettable bond issuance and also the first such bond to be listed on the Muscat Securities Market.

Freshfields advises on E-House listing on HKSE

24 Jul 2018

Freshfields Bruckhaus Deringer (‘Freshfields’) has advised China International Capital Corporation Hong Kong Securities Limited and Credit Suisse (Hong Kong) Limited, the joint sponsors and joint representatives of the underwriters in the listing of shares of E-House (China) Enterprise Holdings Limited (‘E-House’) on the Main Board of the Hong Kong Stock Exchange (‘HKSE’). The total offer value is approximately US$597m (before the exercise of the over-allotment option). Trading of the shares commenced today (20 July 2018).

Simpson Thacher Represents Underwriters in HK$416 Million (US$53.3 Million) Hong Kong IPO and Regulation S Offering by Fusen Pharmaceutical

23 Jul 2018

The Firm represented the underwriters in the initial public offering and Regulation S offering by Fusen Pharmaceutical Company Limited (“Fusen Pharmaceutical”). Fusen Pharmaceutical offered an aggregate of 200,000,000 Shares (prior to the exercise of the overallotment option), which raised HK$416 Million (US$53.3 Million) in gross proceeds. The shares of Fusen Pharmaceutical are listed on the Hong Kong Stock Exchange. China Securities (International) Corporate Finance Company Limited acted as the sole sponsor.

Milbank Advises on DMWAI’s $152M IPO, Marking the Philippines’ First IPO in 2018

23 Jul 2018

Milbank, Tweed, Hadley & McCloy advised BPI Capital Corporation and Maybank Kim Eng Securities Pte. Ltd. as joint global coordinators and bookrunners in connection with integrated property developer D.M. Wenceslao & Associates, Inc.’s (“DMWAI”) initial public offering of 679,172,800 Common Shares, valued at US$152 million. This marks the first IPO in the Philippines in 2018 and the first international IPO out of the Philippines in almost two years. The company was listed on the Philippine Stock Exchange (PSE) on June 29, 2018.

CMS acts on £105.7m fully underwritten Rights Issue for Future plc to fund its $132.5m acquisition of the B2C business of Purch Group, Inc.

19 Jul 2018

CMS is advising Numis Securities Limited (“Numis”) as financial adviser, joint underwriter and joint broker, and Nplus1 Singer Capital Markets Limited (“N+1 Singer”) as joint underwriter and joint broker on the £105.7m rights issue by main market listed Future plc (“Future”) to fund its proposed $132.5m acquisition of the B2C business of Purch Group, Inc. (“Purch B2C”), a leading US digital media publisher operating in the consumer technology and science verticals (the “Acquisition”).

O’Melveny Represents Underwriters in US$133 Million Hong Kong IPO of FingerTango

18 Jul 2018

O’Melveny recently represented China Securities (International) Corporate Finance Company Limited, as the sole sponsor and lead underwriter, in the IPO of mobile game publisher FingerTango Inc. on the main board of the Hong Kong Stock Exchange (6860.HK).

The O’Melveny team was led by partners Ke Geng and Edwin Kwok, and included counsels Ke Zhu and Ke Huang, and associates Wendy Kan and Grace Xu.

White & Case Advises RRJ Capital on Significant Structured Equity-Linked Debt Financing for HNA Aviation

18 Jul 2018

Global law firm White & Case LLP has advised, as lead and international counsel, RRJ Capital as lead investor on a significant equity-linked debt financing for HNA Aviation (Hong Kong) Air Catering Holding Co., Limited, the sole shareholder of gategroup Holding AG.