Travers Smith LLP has acted as special tax counsel to Gates Industrial Corporation group in respect of a US $731.5 million initial public offering of Gates' shares on the New York Stock Exchange, giving the group a market capitalisation in excess of $5 billion.

Gates, a portfolio company of The Blackstone Group L.P., is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment manufacturers as specified components.

Watson Farley & Williams (“WFW”) has advised Diversified Gas & Oil Plc (“DGO”) on its oversubscribed, conditional placing of new shares with existing and new institutional investors to raise US$189m to fund the acquisitions of:

    the entire share capital of Alliance Petroleum Corporation (“Alliance Petroleum”) for a cash consideration of US$95m; and

Watson Farley & Williams (“WFW”) has advised Diversified Gas & Oil Plc (“DGO”) on its oversubscribed, conditional placing of new shares with existing and new institutional investors to raise US$189m to fund the acquisitions of:

    the entire share capital of Alliance Petroleum Corporation (“Alliance Petroleum”) for a cash consideration of US$95m; and

Travers Smith LLP has acted as special tax counsel to Gates Industrial Corporation group in respect of a US $731.5 million initial public offering of Gates' shares on the New York Stock Exchange, giving the group a market capitalisation in excess of $5 billion.

Gates, a portfolio company of The Blackstone Group L.P., is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment manufacturers as specified components.

Leading global law firm Herbert Smith Freehills has advised state-owned China Shipbuilding Industry Corporation (CSIC) on the issue of US$1 billion bonds exchangeable into shares of Hong Kong- listed Postal Savings Bank of China (PSBC).   

The zero coupon exchangeable bonds due 2025 are supported by a securities lending agreement and a keepwell deed, and will be listed on the Frankfurt Stock Exchange. It marks CSIC's first public transaction into the overseas capital markets.

A team led by capital market law expert Dr. Mirko Sickinger, LL. M., Partner at the Cologne office of the law firm of Heuking Kühn Lüer Wojtek, advised De Raj Group AG on its Vienna Stock Exchange listing. The Vienna Stock Exchange admitted the shares of De Raj Group AG to official trading on February 2, 2018 with the first trading day set for February 8, 2018.
 

Watson Farley & Williams (“WFW”) has advised Nasdaq Copenhagen and Nasdaq New York listed TORM Plc (“TORM”) on its successful private placement of US$100m Class A common shares through an accelerated book-building process.

TORM is a product tanker company and one of the world’s leading carriers of refined oil products such as gasoline, jet fuel, naphtha and diesel oil. It operates a fleet of approximately 80 modern vessels.

TORM is expected to use the net proceeds of the private placement to undertake the following activities:

Charles Russell Speechlys have advised Duco Technology on its $28m equity fundraising with Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. The round also includes an investment by lifetime entrepreneur and former CEO of SunGard, Cristóbal Conde.

Eyeonid Group AB (publ), listed on NGM Nordic MTF, providing proactive identity theft protection services on the Internet, has on 30 January 2018 entered into a financing agreement of up to SEK 100 million.

The transaction is made by issue of convertible notes with free detachable warrants to the investor, European Select Growth Opportunities Fund, and to existing shareholders. The financing will secure the company’s continued international expansion.

The amount raised is one of the largest AIM secondary fundraising in the last 12 months and doubles the Company's market capitalisation.

The Energy team has recently completed a deal advising Mirabaud Securities Limited and Stifel Nicolaus Europe Limited on the AIM secondary fundraising by Diversified Gas & Oil plc, raising US$ 189 million. This will be used to fund acquisitions of oil and gas assets in the Appalachian basin in North America.