Orrick advised South African resources company, Exxaro Resources Ltd. (JSE:EXX), on its U.S. underwritten public offering of 22,425,000 of its Tronox Limited (NYSE:TROX) shares. Exxaro is Tronox's largest shareholder with 43% of its voting shares; following this sale, Exxaro's ownership was reduced to 24%. The sale resulted in net proceeds to Exxaro of US$474 million.
Shearman & Sterling advised the joint global coordinators and joint bookrunners, led by Carnegie, Morgan Stanley and SEB, on the initial public offering and Nasdaq Helsinki listing of Terveystalo Oyj. The transaction, which closed on October 13, 2017, is the largest initial public offering in Finland since 1998, the largest ever private equity exit in Finland and the largest IPO in the Nordics so far this year.
Freshfields Bruckhaus Deringer LLP (‘Freshfields’) is advising Bakkavor Group plc (‘Bakkavor’) on its initial public offering (‘IPO’) and the admission of its shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s main market for listed securities (‘LSE’).
Clifford Chance represented FibraHotel in its recent US$220 million follow-on equity offering. FibraHotel is the first Mexican REIT focused on the lodging industry and one of the largest hotel owners in Mexico.
The global offering was completed on the Mexican Stock Exchange and, internationally, under Rule 144A and Regulation S. The Firm similarly advised FibraHotel on its two prior equity offerings: an initial public offering in 2012 and its first follow-on offering in 2013.
Squire Patton Boggs is pleased to have advised Alpha Financial Markets Consulting plc (Alpha) on its £125 million IPO and admission to the AIM market of the London Stock Exchange. Alpha has a market capitalisation on admission of approximately £163 million.
Ashurst has acted as the legal adviser to Australian Unity Investment Real Estate Limited (AUIREL) as the responsible entity for Australian Unity Office Fund (AOF) on a fully underwritten accelerated non-renounceable entitlement offer to raise approximately A$50 million (Entitlement Offer).
Ashurst is advising N.M. Rothschild & Sons Limited in relation to the £78.5 million recommended cash offer for Zenith Hygiene Group plc by BCPE Diamond UK Holdco Limited, which is indirectly majority owned by Bain Capital Fund XI, L.P. and Bain Capital Europe Fund IV, L.P., announced today.
White & Case LLP has advised the bank syndicate led by BNP Paribas, Crédit Agricole CIB and Société Générale Corporate & Investment Banking, as joint global coordinators, on the issue of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) for an amount of approximately €400 million that was launched by Elis on October 3, 2017.
Cooley recently advised on the initial public offerings for UK life sciences companies Nightstar Therapeutics and NuCana. These transactions are the latest example of Cooley’s commitment and leadership in the life sciences sector.
William Fry is advising Davy and Credit Suisse as Joint Global Co-ordinators and Bookrunners on Glenveagh Properties plc's €550m initial public offering and admission to the Irish and London Stock Exchanges. Glenveagh, the first Irish homebuilder to float in two years, has been created through the combination of assets of US private equity firm Oaktree Capital and Kildare-based builder Bridgedale.