King & Wood Mallesons (KWM) advised the sole sponsor and the underwriters as the Hong Kong counsel on the initial public offering (IPO) and the listing of the H-shares of Tianjin Tianbao Energy Co., Ltd. (Tianbao Energy, Stock Code: 1671) on the Main Board of The Stock Exchange of Hong Kong.

Listed on 27 April 2018, the IPO comprised a share offer and placing of a total of 44.3 million shares, after the offer size adjustment option was exercised. Priced at HK$1.9 per share, the gross proceeds from the share offer and placing was approximately HK$ 84.2 million.

King & Wood Mallesons (KWM) has advised Sydney Airport on its new 10 year €500 million European bond issue, being its first European bond issue since 2014.

The KWM team was led by Partners Jo Dodd and Elizabeth Hundt Russell, with support from Senior Associate Will Stawell, and Solicitors Zoe Anderson, Marina Lauer and Alex Stevens.

Partner Jo Dodd said, “we have recently witnessed a flurry of activity in the euro market from Australian corporates, driven by greater competitiveness of euros versus US dollars.”

Ashurst has advised Mitsubishi Corporation, Innovation Network Corporation of Japan and JGC Corporation (together, Sellers) on their sale of the TRILITY Group Pty Ltd (TRILITY) to Beijing Enterprises Water Group.

Ashurst advised Norddeutsche Landesbank Girozentrale, as lender and agent, and Siemens Bank GmbH as lender, on the project financing granted to Lucania Wind Energy S.r.l., recently acquired by Danish company European Energy AS. Part of the facilities were funded by KfW.

The facilities will be used for the construction of a 39 MW wind power plant in Basilicata, one of the few wind farms in Italy under construction which benefits from the incentive tariff.

Burges Salmon’s Competition team has advised the Co-operative Group (Co-op) on securing merger clearance relating to its proposed acquisition of Nisa Retail Limited (Nisa).

The Competition and Markets Authority (CMA) has cleared the Co-op’s proposed acquisition of Nisa following a Phase I investigation. The CMA carefully considered the potential impact of the proposed acquisition, and after closely examining all the evidence, the CMA has found that it does not give rise to competition concerns.

Clifford Chance has acted for the joint lead managers on the issuance by Euroclear Investments of €300 million 12-year senior bonds (rated AA/AA- by Fitch and Standard and Poor's) and €400 million 30-year corporate hybrid bonds with the first call date at year 10 (rated A+/A by Fitch and Standard and Poor's). The coupons are 1.50% and 2.625% for the senior and hybrid bonds respectively. The bonds, issued on 11 April 2018, were issued under English law and have been admitted to trading on the Irish Stock Exchange plc, trading as Euronext Dublin.

Leading international law firm Clifford Chance advised LDC (China) Trading Company Limited (LDC China), a subsidiary of Louis Dreyfus Company, on its acquisition of Sinarmas Natural Resources Foodstuff Technology (Tianjin) Co., Ltd., which owns and operates oilseeds crushing and refining facilities in the Lingang Economic Area within Tianjin’s Binhai New Area district.

International law firm Clifford Chance has advised an international banking consortium led by Commerzbank AG, ING Bank, a branch of ING-DiBa AG, Landesbank Baden-Württemberg and UniCredit Bank AG (the latter also as documentation agent) in an IPO syndicated loan financing for publishing group Springer Nature AG & Co. KGaA (formerly Springer Nature GmbH).

The credit facilities made available have a volume of approximately EUR 1.6 billion and approximately USD 848 million respectively.

DLA Piper has advised LabTech Investments Inc on the acquisition of 90 High Holborn, a landmark office building in central London. LabTech is a technology and property co-working company whose strategy is to create modern collaborative co-working spaces using cutting edge technology.

90 High Holborn is situated in the heart of the Midtown area of central London, which has recently seen high levels of private investment bring a new wave of blue chip companies to the area. The building's curved glass facade makes it one of the most recognizable London landmarks.

Eversheds Sutherland has advised Welbilt (NYSE:WBT), a Tampa Bay, Florida-based provider of commercial foodservice equipment, has agreed to buy Crem, a professional coffee machine maker.

Welbilt, Inc., a leading global provider of commercial foodservice equipment, has entered into a definitive agreement to acquire 100 percent of the shares of Crem International, which is majority owned by private equity firms Priveq Investment Fund IV L.P. and SEB Venture Capital, for total consideration of SEK 1,800m, or USD 224m.