Debevoise & Plimpton LLP successfully advised Precision Medicine Group on a new $275 million investment, led by Berkshire Partners and TPG Growth, alongside a significant participation from Precision’s co-founders and management team and original investors Oak Investment Partners and J.H. Whitney.
King & Wood Mallesons represented NextView Capital ('NextView'), a leading Chinese institutional fund management group focused on new technologies and energy in its acquisition of a 19.89% equity interest (non-diluted) in Bacanora Minerals Ltd. (a company listed on the TSX and on AIM) via the placement of 32,976,635 common shares at a price of 94.53 pence per share raising £31,172,813 (approximately C$53,498,000).
King & Spalding (in association with the Law Office of Mohammed Al-Ammar) acted as fund counsel to SEDCO Capital and Wasatah Capital on the establishment of listed Saudi Arabian REITs, SEDCO Capital REIT Fund and Wasatah REIT, respectively, both of which were recently approved by the Saudi Arabian Capital Market Authority (CMA). Both REITs are expected to conduct a public offering and list on the Saudi Arabian Stock Exchange in early 2018.
Mills & Reeve have just completed a £5 million equity round for leading investment group Mercia Technologies PLC into Aston EyeTech Limited, the developer of next generation eye diagnostics equipment.
Aston EyeTech will use the funding to focus on product development and launch of some exciting new products including a mobile diagnostic platform which integrates hardware, artificial intelligence (AI) and large scale data analytics allowing the clinic to travel to the client rather than the other way around.
Gowling WLG's top ranked investment funds team acted on the launch of Aberdeen Standard European Logistics Income PLC ("Aberdeen Standard Logistics").
Aberdeen Standard Logistics will tap into the rapid growth of e-commerce across Europe by investing in European logistic properties such as large 'big box' ultra-modern warehouses and local 'last mile' distribution centres.
The assets of Aberdeen Standard Logistics will be managed by Aberdeen Asset Managers Limited, part of Aberdeen Standard Investments, which is Europe's second largest real estate investor.
Osborne Clarke has advised London & Country Mortgages Limited (L&C), the UK’s leading fee free mortgage adviser, on its agreement with an information services provider to acquire a minority stake in L&C.
Ettore Scandale and Enrico Raso advised Palamon Capital Partners on a € 50 million option capital increase by which Palamon became an investor in the Business School 24 training subsidiary of Il Sole 24 Ore.
Bird & Bird advised Icelandic start-up Authenteq, on its $1.3 million seed round co-led by London-based Initial Capital and Silicon Valley-based Draper Associates. Berlin-based Cavalry Ventures also invested in this round. The company provides an automatic identity verification and privacy platform which enables users to verify and create their own blockchain-based digital IDs.
Joseph Marx and Simon Weiß served as US counsel for both the issuer and banking coordinator Hauck & Aufhäuser as Linz-based software group S & T placed 5.7 million new shares with institutional investors, raising € 88 million.
Davis Polk advised Tencent and Tencent Music Entertainment in connection with their equity investments with Spotify. TME and Spotify will acquire new shares representing minority equity stakes in each other for cash. In addition, Tencent will invest in Spotify through secondary purchases. Following these transactions, Spotify will hold a minority stake in TME, and both Tencent and TME will hold minority stakes in Spotify.