Osborne Clarke has advised private equity firm, Alcuin Capital Partners, on the acquisition of Jigsaw24, a leading provider of IT solutions to the corporate, creative and education sectors. The sellers were NorthEdge Capital.
King & Wood Mallesons (KWM) advised the Commonwealth Government (Department of Finance) in relation to the purchase by the Commonwealth of the shareholdings of the States of NSW and Victoria in Snowy Hydro Limited (SHL).
SHL owns and operates the Snowy Mountains Hydro-Electric Scheme, and is presently owned 58% by NSW, 29% by Victoria, and 13% by the Commonwealth.
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.
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 LLP has advised Basalt Infrastructure Partners LP on its disposal of its interest in Alkane Energy to Infinis Energy Management Limited, the leading generator of landfill gas in the UK. Infinis Energy Management Limited is owned by 3i Infrastructure plc.
Allen & Overy LLP has advised Sixt SE on the successful issue of a bond with a volume of EUR 250 million. The corporate bond which was offered to domestic and foreign institutional and retail investors met with high demand and was significantly oversubscribed.
The bond with a term of six years carries interest at 1.50% p.a. and is admitted to trading on the regulated market of the Luxembourg Stock Exchange. Sixt SE intends to use the funds raised under the bond for financing its operative business.
Hong Kong - Paul Hastings, a leading global law firm, announced today that the firm advised COSCO SHIPPING Development Co., Ltd. (“COSCO SHIPPING Development”) on the merger between CS Finance, a non-wholly owned subsidiary of COSCO SHIPPING Development, and COSCO Finance. Hong Kong and Shanghai-listed COSCO SHIPPING Development provides, among other things, vessel chartering and container leasing services.
Dechert LLP is advising the selling shareholders on the proposed sale of STAT-Dx, a privately owned Spanish molecular diagnostics company, to QIAGEN N.V, a leading provider of sample and assay technologies for molecular diagnostics listed on the New York Stock and Frankfurt Prime Standard exchanges, for approximately US$191 million (including milestones). The transaction is expected to close during the second quarter of 2018, subject to the successful completion of defined development activities by STAT-Dx.
Shanghai & Sao Paulo- Paul Hastings, a leading global law firm, announced today that the firm advised Fosun Group (“Fosun”), China’s largest private-owned conglomerate, in its acquisition of Brazilian brokerage and wealth management firm Guide Investimentos. This marks Fosun’s third major acquisition in Brazil.
The sale to BBAM Limited Partnership values AAB’s leasing business at an enterprise valuation of $2.85 billion