Squire Patton Boggs Advises on AIM IPO of DJI Holdings PLC

Squire Patton Boggs’ Capital Markets team has advised Canaccord Genuity and North Square Blue Oak on the AIM IPO of DJI Holdings plc. DJI, which operates through its subsidiaries as a licensed and authorised distributor and promoter of regulated lottery products in the Chinese lottery market, has been admitted to AIM with a market capitalisation of approximately £130 million.

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Allen & Overy advises Iceland on largest sterling high yield bond of 2014

Allen & Overy has advised Iceland Foods on its GBP950 million high yield bond, the largest sterling denominated high yield bond issuance of 2014.

The bonds consist of GBP350m senior secured floating rate notes due 2020, GBP400m 6.25% senior secured notes due 2021 and GBP200m 6.75% senior secured notes due 2024. All will be listed on the Euro MTF market of the Luxembourg stock exchange.

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Consumers Energy Company: $378 Million Securitization Bonds Offering

Hunton & Williams LLP advised the joint book-running managers on an SEC-registered offering of $378,000,000 aggregate principal amount of senior secured securitization bonds by Consumers 2014 Securitization Funding LLC, issued pursuant to a securitization structure. The bond proceeds will be used by Consumers Energy Company (“Consumers”) to recover the remaining book value of certain coal-fired generating units. The bonds are a category of utility rate reduction bonds issued on behalf of public utilities. Approximately $50 billion of utility rate reduction bonds have been issued to date.

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Autocam Corporation To Merge With NN

Paul, Weiss client Autocam Corporation announced that it has entered into a definitive agreement to be acquired by NN, Inc., a Tennessee-based manufacturer and supplier of high precision metal bearing components and industrial plastic and rubber products, for $244.5 million in cash, $25 million in stock and the assumption of $30.5 million in debt. Headquartered in Grand Rapids, Michigan, Autocam has been a leader in the engineering, manufacture and assembly of complex components for fuel systems, engines and transmissions, and power steering and electric motors. Autocam employs over 2,100 employees and has operations in 15 facilities in the U.S., Europe, South America and Asia.

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Shearman & Sterling Advises Ardagh on Its First Tender Offers

Shearman & Sterling has advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. (the “Issuers”) on their tender offers (the “Offers”) for their €1,085 million First Priority Senior Secured Notes due 2017 and $860 million First Priority Senior Secured Notes due 2017 (the “Notes”). The Offers were launched on June 23, 2014 and settled on July 23, 2014 (with an early settlement for the Offers on July 8, 2014). The firm also advised Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. on the subsequent redemption of the remaining outstanding Notes and the satisfaction and discharge of the indenture governing the Notes.

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Travers Smith advises on the IPO of Spire Healthcare Group plc

Travers Smith private equity partner Paul Dolman and corporate finance partner Adrian West have advised the management of Spire Healthcare Group plc on the initial public offering of the company on the Official List. Admission and unconditional dealing in the shares commenced on 23 July 2014. At admission Spire had a market capitalisation of approximately £840 million.

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Paul Hastings Represents Initial Purchasers in Pinfra’s US$570 Million Follow-on Equity Offering

Paul Hastings LLP, a leading global law firm, represented Credit Suisse, J.P. Morgan, Itaú BBA and GBM as initial purchasers in connection with Promotora y Operadora de Infraestructura, S.A.B. de C.V.’s US$570 million follow-on equity offering of Series “L” Shares.  Pinfra’s follow-on offering of Series “L” Shares was the first L-share offering in Mexico in over 10 years.  The issued stock was offered publicly in Mexico on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.  
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