Appleby acted as Cayman counsel for Sheen Tai Holdings Group Company Limited in relation to its listing on the Main Board of the HKSE on 13 July 2012.
Tags: Appleby | Hong Kong
Clifford Chance Advises Yitai Coal on US$861 Million IPO
Leading international law firm Clifford Chance has advised Inner Mongolia Yitai Coal Company, Limited, (Yitai Coal) on its issuance of 161,465,100 H shares at US$5.54 (HK$43.00) each raising approximately US$861.2 million (HK$6.679 billion). China International Capital Corporation Hong Kong Securities Limited, BOCI Asia Limited, ICBC International Capital Limited, Merrill Lynch International, Merrill Lynch Far East, Credit Suisse (Hong Kong) Limited, UBS AG, Hong Kong Branch, BNP Paribas Capital (Asia Pacific) Limited, China Merchants Securities (HK) Co., Limited and Macquarie Capital Securities Limited acted as underwriters.
Tags: Clifford Chance LLP | BeijingClifford Chance Advises DBS as Arranger on First Hong Kong Dollar Corporate Perpetual
Leading international law firm Clifford Chance has advised DBS Bank Limited as sole lead manager and bookrunner on the first Hong Kong dollar-denominated corporate perpetual. The HK$1 billion, 5.25% guaranteed senior perpetual securities were issued by Cheung Kong Bond Securities (02) Limited and guaranteed by Cheung Kong (Holdings) Limited.
Tags: Clifford Chance LLP | Hong Kong
Simpson Thacher Represents Blackstone in the Sale of $495 Million Hotel Portfolio
The Firm is representing affiliates of Blackstone Real Estate Partners in connection with their sale of a hotel portfolio to DiamondRock Hospitality Company for approximately $495 million of cash and DiamondRock common stock. The hotels included in the sale are the Hilton Boston, the Westin Washington D.C., the Westin San Diego and the Hilton Burlington.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Team Health Holdings, Inc. and Selling Shareholders in Offering of 9,200,000 Shares of Common Stock
The Firm recently represented Team Health Holdings, Inc. (“TeamHealth”), Ensemble Parent LLC (an affiliate of The Blackstone Group) and certain management shareholders in the sale by the selling shareholders of 9,200,000 shares of TeamHealth common stock, resulting in gross proceeds of $220,340,000. After giving effect to the offering, Ensemble Parent LLC owns approximately 40% of TeamHealth’s common stock. Barclays and Citigroup acted as underwriters for the offering.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Underwriters in €1.0 Billion Debt Offering by América Móvil, S.A.B. de C.V.
The Firm represented underwriters, led by Deutsche Bank, and HSBC, in connection with a public offering of €1.0 billion aggregate principal amount of 3.000% Senior Notes due 2021 by América Móvil, S.A.B. de C.V.
Tags: Simpson Thacher & Bartlett LLP
Herbert Smith Advises Vnesheconombank on US$1 Billion Eurobond Offering
Herbert Smith has acted as counsel to the Russian state corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, the principal development bank of the Russian Federation, in connection with the offering of US$1 billion 6.025% loan participation notes due 2022 that closed on 5 July 2012. The notes, issued under Vnesheconombank’s existing US$30 billion loan participation notes programme, are listed on the Irish Stock Exchange and were placed in the United States pursuant to Rule 144A under the US Securities Act and outside the United States in reliance on Regulation S. Crédit Agricole, Deutsche Bank, HSBC and J.P. Morgan were the underwriters.
Tags: Herbert Smith Freehills Kramer LLP | Moscow
Foley Hoag Represents Exa Corporation in IPO on NASDAQ
Foley Hoag LLP announced that it recently represented Burlington, Mass.-based Exa Corporation (NASDAQ: EXA) in connection with its initial public offering of 6,250,000 shares of its common stock at a price of $10.00 per share. Stifel Nicolaus Weisel acted as lead book running manager, with Robert W. Baird & Co., Canaccord Genuity and Needham & Company acting as co-managers of the offering.
Tags: Foley Hoag LLP
Hogan Lovells Advises BRED Banque Populaire in Connection With 1.2 Billion Euro Securitisation
Hogan Lovells has advised BRED Banque Populaire in the context of its refinancing operations with the ECB and with the creation of a new Fonds Commun de Créances ELIDE – Compartment 2012-01, established for the issue of 1.2 billion euros worth of notes.
Tags: Hogan Lovells
Willkie Obtains Victory for France Télévisions in Subsidy Challenge
On July 10, the General Court of the European Union dismissed a challenge to a European Commission decision, authorizing the French State to grant a €450 million subsidy to France Télévisions, the State-owned broadcaster.
Tags: Willkie Farr & Gallagher LLP