Cologne – Art dealer Weng Fine Art AG has returned to the stock market. Its shares have been listed in the m:access quality segment of the Munich Stock Exchange since last Thursday, having previously been listed from 2012 to 2016 in Frankfurt. This is the first relisting of a company that exited the stock market during the wave of delistings that commenced in 2015.
Eversheds Sutherland has advised Dairy Crest Group plc on its successful equity placing, raising approximately £70 million.
The fundraising is part of wider plans for a £85 million expansion programme over the next four years at Dairy Crest’s cheese and whey production facilities in Davidstow, Cornwall, due in part to growing consumer demand for cheese both in the UK and overseas.
The advisory team at Eversheds Sutherland comprised Corporate Partner Aleen Gulvanessian and Legal Director Mark Roe.
Aleen Gulvanessian commented:
Squire Patton Boggs has advised Team17, a global games label, creative partner and developer of independent, premium video games, on its £107.5 million IPO and admission to the AIM market of the London Stock Exchange. Team17 has a market capitalisation on admission of approximately £217 million.
CMS Belgium assisted Celyad SA, a Belgian clinical-stage biopharmaceutical company listed on Nasdaq, Euronext Brussels and Euronext Paris, in connection with its successful EUR 46.1 million global equity offering.
Celyad raised EUR 46.1 million (including 15% greenshoe option) in a global SEC-registered equity global offering targeting institutional investors across the US and Europe in a concurrent placement of American Depositary Shares (ADSs) offered in the United States, Canada and certain countries outside of Europe, as well as ordinary shares in Europe.
International legal practice Osborne Clarke has advised Lloyds Development Capital (LDC) in its capacity as selling shareholder on the successful AIM IPO of global games brand, Team 17 Group plc.
The IPO saw gross proceeds of £107.5 million raised by sole global co-ordinator Berenberg and values the company on admission at approximately £217 million. Admission and dealings in Team 17’s shares became effective today.
The Osborne Clarke team was led by corporate Partner Jonathan King, who was assisted by Senior Associate Kate Mellor.
Herbert Smith Freehills is proud to have advised Prospa Group Limited (Prospa) on its initial public offering (IPO), priced at A$3.64 a share, raising A$146.5 million for a A$576.3 million market capitalisation (at the offer price).
Prospa is a financial technology company and Australia’s #1 online lender to small businesses. Since 2012, Prospa has lent over A$500 million and served over 12,000 unique customers, and the company’s net loan book has now grown to over A$200 million.
Law firm Stephenson Harwood has advised the sole sponsor, BOCOM International (Asia) Limited (BIAL), on the listing of the shares of HPC Holdings Limited (HPC) on the Main Board of The Stock Exchange of Hong Kong Limited. HPC has raised HK$180 million from the global offering.
BIAL is a Hong Kong corporate finance subsidiary of BOCOM International Holdings Company Limited.
Allen & Overy has advised on the landmark listing and equity offering of Vinhomes JSC’s shares on the Ho Chi Minh Stock Exchange (HOSE) which raised about USD1.3 billion in Vietnam’s biggest ever issue.
Dentons advised Virgin Mobile Middle East and Africa (VMMEA), on the issuance of a US$30 million pre-IPO exchangeable senior secured sukuk, which was privately placed. The company plans to use the proceeds to fund growth and expansion.
Ward Yates advised as Jersey and BVI counsel, while VG acted as corporate services provider to the special purpose vehicle (SPV) issuer.
Travers Smith LLP has advised its long standing client, Volex PLC, on the acquisition of the business and assets of Silcotec Europe Limited, a manufacturer and seller of cable harnesses, for an aggregate consideration of up to approximately €18.1 million and an oversubscribed £36 million equity placing.
The proposed acquisition is the next step in the execution of Volex's strategy to grow its cable assembly business following the acquisition of MC Electronics LLC in April 2018.