Travers Smith LLP has acted for Goldman Sachs International and Numis Securities in their capacity as joint bookrunners on the £80m placing of new ordinary shares issued by Learning Technologies Group plc (LTG).
The proceeds of the placing are to be used to part fund the proposed acquisition of PeopleFluent Holdings Corp. announced by LTG on 24 April 2018.
The Firm represented the underwriters led by Morgan Stanley in connection with the initial public offering and listing on the New York Stock Exchange of American Depositary Shares (ADSs) of OneSmart International Education Group Limited (“OneSmart Education”). The offering of 16,300,000 ADSs, representing 652,000,000 Class A ordinary shares, raised a total of US$179.3 million in gross proceeds from the IPO before exercise of the underwriters’ overallotment option.
CMS has advised Credit Suisse (Hong Kong) as the sole bookrunner in connection with the listing of two convertible bonds of South Korean LG Chem at the Vienna Stock Exchange. The convertible bonds with a volume of EUR 315m and USD 220m were placed with institutional investors and listed on the Vienna Stock Exchange's Third Market.
CMS has advised Credit Suisse (Hong Kong) as the sole bookrunner in connection with the listing of two convertible bonds of South Korean LG Chem at the Vienna Stock Exchange. The convertible bonds with a volume of EUR 315m and USD 220m were placed with institutional investors and listed on the Vienna Stock Exchange's Third Market.
Frankfurt/Main – SDAX-listed property company DIC Asset AG has offered a dividend distribution in equity form for the first time. Its shareholders exercised this right to acquire more than 30 million shares, representing an acceptance rate of around 44% of the eligible shares. A total of 1,948,501 new shares were issued.
Clayton Utz has advised Toronto Stock Exchange (TSX) listed Canadian copper producer Copper Mountain Mining Corporation (CMMC) on its scrip for scrip acquisition of ASX-listed Altona Mining by scheme of arrangement, and its subsequent secondary listing on the Australian Securities Exchange. As part of the acquisition, CMMC issued to Altona shareholders common shares trading as CHESS Depositary Interests on ASX.
King & Wood Mallesons has advised The Star Entertainment Group on its expanded strategic partnership with Chow Tai Fook Enterprises (CTF) and Far East Consortium (FEC) to enhance the long-term value of The Star’s properties and core businesses.
The expanded strategic partnership comprises:
a commitment by the parties to jointly pursue and participate in significant growth developments at or adjacent to The Star’s properties;
Baker McKenzie successfully acted for UBS as the sole lead manager and underwriter of Link Administration Holdings Limited’s (Link) AUD$300 million placement of ordinary shares.
International law firm Simmons & Simmons has advised on the AIM placing and subscription completed on 17 April 2018 by NetScientific plc, the transatlantic healthcare IP commercialisation group.
The team advised the nominated adviser and broker Stifel Nicolaus Europe Limited and placing agent Liberum on the placing and subscription of 9,523,809 new ordinary shares at 52.5 pence per share, raising a total of £5m for NetScientific (before expenses).
King & Wood Mallesons (KWM) advised Cinda International Capital Limited as the sole sponsor and the underwriters as the Hong Kong counsel on the initial public offering (IPO) of Bao Shen Holdings Limited (Bao Shen, Stock Code: 8151) on the GEM of The Stock Exchange of Hong Kong by way of share offer.
Listed on 23 April 2018, the IPO comprised a share offer of a total of 105 million shares. Priced at HK$0.48 per share, the gross proceeds from the share offer was approximately HK$50.4 million.