Global law firm Herbert Smith Freehills has advised the underwriting banks Citigroup (Senior Global Coordinator), HSBC (Global Coordinator), BofAML (Senior Global Bookrunner), Deutsche Bank (Global Bookrunner) and Ak Yatirim (Domestic Lead Manager) on the US$393 million (TL1.48 billion) initial public offering of Enerjisa Enerji A.S. on the Borsa Istanbul.
Consultant, Michael Corcoran, from Hill Dickinson’s London corporate team has recently advised long-standing Canadian Securities Exchange listed client, Portage Biotech Inc. (OTCQB: PTGEF, Canadian Stock Exchange: PBT.U) (Portage) on its participation in a new joint venture project with the University of Glasgow to develop more effectively targeted drugs to treat chronic conditions including cancer.
Hill Dickinson has recently advised AIM-listed client Bluejay Mining plc (Bluejay) on a £17 million placing arranged by H&P Advisory Limited and SP Angel Corporate Finance LLP who acted as joint bookrunners and placing agents for Bluejay in connection with the placing.
The proceeds of the fundraising will be used to:
continue the development of Bluejay’s Dundas Ilmenite project in Greenland
undertake the 2018 work programme at the Disko nickel, copper, cobalt and platinum project in West Greenland, and
Hogan Lovells represented Elastagen Pty Ltd., a clinical stage company developing medical device products based on recombinant tropoelastin, in its acquisition by Allergan, a leading global biopharmaceutical company.
Under the terms of the agreement, Sydney, Australia-based Elastagen will receive an upfront payment of about $95 million plus contingent payments of up to $165 million. Completion of the transition is subject to customary closing conditions, including review by Australia’s Foreign Investment Review Board.
Macfarlanes has advised leading global B2B services company Hogg Robinson on a recommended offer by GBT, which trades as American Express Global Business Travel, for Hogg Robinson. The firm has also advised on the simultaneous class 1 disposal of Hogg Robinson’s Software-as-a-Service technology company Fraedom to Visa for approximately £140 million.
Macfarlanes has advised leading global B2B services company Hogg Robinson on a recommended offer by GBT, which trades as American Express Global Business Travel, for Hogg Robinson. The firm has also advised on the simultaneous class 1 disposal of Hogg Robinson’s Software-as-a-Service technology company Fraedom to Visa for approximately £140 million.
A Squire Patton Boggs team, led by London Corporate partner Michelle Chen, has advised client Tus-Holdings Co., Ltd. on a landmark £200 million joint venture with Trinity College, Cambridge. The deal will see a new phase of investment and renewal in Cambridge Science Park, including 350,000 sq ft of office/research space over five new buildings, including a state-of-the-art Biohub, which will be home to laboratories and offices for early stage biotech and medtech companies.
Watson Farley & Williams (“WFW”) has advised KGAL, a leading independent asset and investment manager with an investment volume of €21.5bn across 87,000 investors, on all aspects of the acquisition of two project companies owning two French photovoltaic plants, with an overall installed capacity of 18.58 MW, from French developer Solairedirect. The WFW team also assisted KGAL on the negotiation of the project contracts with Solairedirect.
Paladin Energy Limited, an Australian listed company with substantial uranium and mining assets in Namibia, Malawi, Canada and certain Australian states, was placed into administration in July 2017 after one of its major customers, Electricité de France (EDF) advised Paladin it was not prepared to enter into a standstill agreement and required repayment of US$277 million under its Long Term Supply Agreement with the company.
Cooley advised Uber on the negotiating and closing of its multi-billion dollar investment from a consortium of investors led by SoftBank, including a tender offer for secondary shares and a primary investment at Uber's prior valuation.