Cravath represented Bacardi Limited in connection with its $2.6 billion 144A/Reg. S notes offering. Bacardi Limited is the largest privately held spirits company in the world. Proceeds of the offering will be used to finance the acquisition of Patron Spirits International AG and for general corporate purposes. The transaction closed on April 30, 2018.
Cravath represented Picard Groupe S.A.S. in connection with its EU60 million 144A/Reg. S high-yield floating rate senior secured notes offering. Picard Groupe S.A.S. is the parent company of Picard Surgeles, a leading retailer of frozen food products in France and a pioneer in the sector. The notes will be listed on The International Stock Exchange. The transaction closed on May 14, 2018.
Global law firm Norton Rose Fulbright has advised Hong Kong and Shanghai Banking Corporation Limited as placing agent on the 420 million H-shares placement of BAIC Motor Corporation Limited.
Beijing-based BAIC Motor Corporation has raised net proceeds of US$416 million for the H-shares placement. BAIC Motor Corporation Limited is principally engaged in the manufacture and sales of passenger vehicles, engines and auto parts in China. It also established joint ventures with international brands including Mercedes-Benz and Hyundai Motor.
Ashurst advised Jefferies International Limited and Akur Limited in connection with a placing of 109.4 million new ordinary shares in Tritax Big Box REIT plc, the only listed vehicle dedicated to investing in large logistics warehouse assets. The placing, representing approximately 8% of the company's existing total issued ordinary share capital, raised gross proceeds of approximately £155.6 million.
MinterEllison has advised Evans Dixon Limited (Evans Dixon) on its listing on the ASX and the initial public offering (IPO) of its shares to raise approximately A$170 million.
Evans Dixon is a leading Australian owned financial services group, providing a diverse range of financial services including private wealth, funds management and capital markets advise in Australia and the United States through its operating subsidiaries Evans and Partners, Dixon Advisory, and Walsh and Company.
Global law firm White & Case LLP has advised Avast, the leading global cybersecurity provider, on its US$816.6 million (£602 million) initial public offering (IPO), the biggest ever software IPO on the London Stock Exchange (LSE).
Davis Polk advised the joint global coordinators in connection with the initial public offering of CEVA Logistics AG on the SIX Swiss Exchange and concurrent private placement of mandatory convertible securities. CEVA issued 29,856,537 registered shares in the offering, at CHF 27.50 per share, for total gross proceeds of CHF 821 million and placed CHF 379 million of mandatory convertible securities in the concurrent private placement. The registered shares are traded on the SIX Swiss Exchange under the symbol “CEVA.”
Ashurst has acted as the Australian legal adviser to BKI Investment Company Limited (BKI) in relation to its offer of up to approximately 134,840,599 new fully paid ordinary shares (New Shares) to raise up to A$202 million.
DLA Piper has advised Ping An Healthcare and Technology Company Limited (Ping An Good Doctor), a subsidiary of Ping An Insurance Group, on its pre-IPO restructuring which enabled the city's biggest IPO to-date, with a valuation of approximately US$7.5 billion.
Ping An Good Doctor is the world's leading healthcare portal in terms of traffic, with over 190 million registered users and more than 30 million monthly active users.
Davis Polk advised the joint global coordinators in the Hong Kong initial public offering of Ping An Healthcare and Technology Company Limited. The gross proceeds from the offering amounted to approximately HK$8.77 billion ($1.12 billion) prior to the exercise of the over-allotment option.