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Banking & Finance - Capital Markets: Equity

DLA Piper advises UK blockchain startup on $1.5 million financing

12 Mar 2018

DLA Piper has advised Luther Systems, the London-based enterprise blockchain technology company, on the raising of $1.5 million in seed financing from a group of global investors ahead of its official launch.

Currently operating in stealth mode, Luther Systems uses its blockchain technology and smart contract based products to solve complex large-scale business inefficiencies across a wide spectrum of industries and sectors. The new funding will allow Luther Systems to scale its product offering and support the company’s marketing and expansion efforts.

Herbert Smith Freehills advises South Korea's POSCO on investment in Australia's Pilbara Minerals Limited

09 Mar 2018

Herbert Smith Freehills has advised South Korea's POSCO on its A$79.6 million cornerstone equity investment in ASX-listed Pilbara Minerals Limited.

The deal involves: a binding life-of-mine offtake agreement for the Pilgangoora lithium project in Western Australia; a convertible bond facility for a further A$79.6 million equity stake; and terms for a proposed joint venture for a downstream processing facility in South Korea.

Credit Agricole and Societe Generale completes EU200 million convertible bond issue by Econocom Group

08 Mar 2018

Jones Day advised Credit Agricole Corporate and Investment Bank and Societe Generale Corporate & Investment Banking, as joint lead managers and joint bookrunners, in connection with the issuance and placement of EU200 million of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) by Econocom Group SE, a digital services company listed on Euronext Brussels. The Bonds are listed on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange.

Ashurst advises on Stirling Industries' £8.9m AIM IPO

08 Mar 2018

International law firm Ashurst advised Stirling Industries plc ('Stirling'), the specialist industrial investment business, in relation to its £8.9 million initial public offering on AIM, a market of the London Stock Exchange. Numis Securities Limited acted as sole bookrunner for the placing and have been appointed as Stirling's Nominated Adviser and Broker.

WFW advises Daniel Stewart on VI Mining’s admission to NEX Exchange Growth Market

08 Mar 2018

Watson Farley & Williams (“WFW”) has advised Daniel Stewart & Company Plc (“Daniel Stewart”) as corporate adviser and broker to Peruvian gold and silver producer VI Mining Plc (“VI Mining”) on its admission to trade on London’s NEX Exchange Growth Market.

VI Mining completed a successful share placement which raised £5.36m in gross proceeds. The market capitalisation of VI Mining is now £535m, making it the second largest company by market capitalisation on the exchange, which focuses on earlier stage, entrepreneurial companies seeking access to growth capital.

Stephenson Harwood advises VR Education on London and Dublin dual listing

07 Mar 2018

Law firm Stephenson Harwood LLP has advised VR Education Holdings plc, a virtual reality technology company, on its £19 million admission to AIM in London and on the ESM of the Irish Stock Exchange.

VR Education, an Ireland-based software and technology group focused on transforming the delivery and effectiveness of digital education and corporate training, successfully raised £6 million ahead of the listing through the placing of 60 million new ordinary shares at a placing price of 10p.

Stephenson Harwood advises Acacia Pharma on €190 million Euronext Brussels IPO

07 Mar 2018

Law firm Stephenson Harwood LLP has advised Acacia Pharma Group on its €190 million IPO on Euronext Brussels.

British-based Acacia Pharma specialises in the research and development of supportive care medicines. The group, which also has US operations in Indianapolis, will use the funds for a targeted push at a specialised market in North America, with its first product, treating post-operative nausea and vomiting, expected to be launched in 2019.

Travers Smith advises on £94 million share issue by Target Healthcare REIT Limited

05 Mar 2018

Travers Smith LLP has acted for Stifel Nicolaus Europe Limited ("Stifel") in its capacity as sole bookrunner and financial adviser on a placing, open offer and offer for subscription of £94 million of Ordinary Shares in Target Healthcare REIT Limited ("Target") (the "Share Issue").

Target is a specialist care home investor listed on the Main Market of the London Stock Exchange, with a current market capitalisation of £366 million.

The Ordinary Shares issued pursuant to the Share Issue were admitted to trading on the Main Market on 27 February 2018.