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Kakao’s $1 Billion Offering

26 Jan 2018

Cleary Gottlieb represented Kakao Corp. in a $1 billion Rule 144A/Regulation S offering of global depositary shares.

The GDSs are expected to be listed on the Singapore Stock Exchange on February 2, 2018. Citigroup and Goldman Sachs International acted as the joint global coordinators and bookrunners for the offering, which closed on January 23, 2018.

Kakao Corp. operates Korea’s leading instant messaging service as well as leading mobile and online platforms in Korea.

Bryan Cave and DeHeng-Shi & Chen Advise Chinese Yantai Taihai Group on Acquisition of DTP

26 Jan 2018

Paris/Hamburg/Frankfurt, Jan. 26, 2018 – An international Bryan Cave M&A team, led by Partner Fabrice Bouquier (Paris), Partner Michael Leue and Counsel Hubertus Schröder (both Hamburg), advised the Yantai Taihai Group, headquartered in Yantai, China, on the acquisition of insolvent Duisburg Tubes Production AG (DTP). DeHeng-Shi & Chen Associés in Paris also advised Yantai Taihai in France. The purchase price will remain confidential.

DLA Piper (Canada) LLP advises Tidewater Midstream and Infrastructure Ltd. on $125 million private placement of senior notes

26 Jan 2018

DLA Piper (Canada) LLP represented Tidewater Midstream and Infrastructure Ltd (TSX: TWM) in the issuance of $125 million aggregate principal amount of 6.75% senior unsecured notes due 2022, by way of a private placement. The private placement successfully closed on December 19, 2017. Tidewater will use the net proceeds from the private placement for repayment of indebtedness under its existing credit facility, drawn to fund its various capital projects, and for general corporate purposes.

FINANCING FOR MARLIN EQUITY PARTNERS’ ACQUISITION OF MAJORITY STAKE IN TALKWALKER

26 Jan 2018

Shearman & Sterling advised Marlin Equity Partners, a global private equity firm with over $6.7 billion of capital under management, on debt financing in relation to Marlin Equity Partners' acquisition of a majority stake in social media analytics company TalkWalker. The financing consisted of a New York law-governed term loan and revolving credit facilities.

Herbert Smith Freehills advises Sinopec Oilfield Service Corporation on US$572 million H-share placement

26 Jan 2018

Leading global law firm Herbert Smith Freehills has advised Sinopec Oilfield Service Corporation on its private placement of 3.3 billion H-shares on the Hong Kong Exchange.

The H-share placement was made to Sinopec Century Bright Capital Investment Limited and China Structural Reform Fund Corporation Limited, and was completed on 24 January after regulatory approvals were received. It injects close to US$572 million into one of the world' largest oilfield service companies.

Hogan Lovells Represents Lightbridge Corporation in Innovative Nuclear Fuel Commercialization Joint Venture

26 Jan 2018

Washington, D.C., 26 January 2018 – Hogan Lovells represented nuclear fuel technology development company Lightbridge Corporation (NASDAQ: LTBR) in its recently announced joint venture with Framatome, a leading provider of nuclear fuel, components, and reactor services. Under the announced deal, the two companies agreed to form  Enfission, a 50-50 joint venture company to develop, license, and sell nuclear fuel assemblies based on Lightbridge-designed metallic fuel technology and other advanced nuclear fuel intellectual property

Debevoise Advises Polyus Gold in its $250 Million Convertible Bonds Offering

26 Jan 2018

The Moscow and London offices of Debevoise & Plimpton LLP have advised the firm’s longstanding client PJSC Polyus (“Polyus”) on the issue by its indirect subsidiary Polyus Finance plc of $250 million senior bonds convertible into global depositary receipts representing ordinary shares of Polyus.

The bonds are guaranteed jointly and severally by Polyus and its subsidiary, JSC Polyus Krasnoyarsk, and were offered and sold outside the United States in reliance on Regulation S of the US Securities Act 1933, as amended.

Dentons advises Mitsui on strategic alliance with Portugal Electric Bus manufacturer

26 Jan 2018

Dentons represented Mitsui, a leading global trading and investment company, in establishing a strategic alliance with CaetanoBus, a Portuguese bus manufacturing company which sells and produces electric buses.

Heightened concern about climate change, atmospheric pollution and environmental protection has driven rapid growth in the electric vehicles markets in Europe and Asia. Vehicle electrification is set to go mainstream as large European cities - among others - implement policies to actively promote electric public buses.