Norton Rose corporate team advises Polish Treasury on IPO of Warsaw Stock Exchange

A cross-border corporate team at international legal practice Norton Rose LLP has advised the Polish State Treasury of the Republic of Poland on the initial public offering (IPO) and listing of the Warsaw Stock Exchange (WSE) on its own trading platform. The trading of the listed shares started on Tuesday (9 November 2010) and shares were finally allocated on Thursday 4 November 2010.

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Tags:  Norton Rose Fulbright

Willkie Represents Brookfield Asset Management in the $6.5 Billion Acquisition of a Major Equity Stake in GGP

General Growth Properties, Inc., the country’s second-biggest shopping mall owner, announced that it has successfully completed the final steps of its financial restructuring and has emerged from chapter 11. A multidisciplinary Willkie team advised a Brookfield Asset Management, Inc. consortium as DIP lender and cornerstone investor ($2.6 billion) that successfully — in conjunction with other independent equity sponsors — acquired a significant equity stake in GGP upon its emergence from chapter 11 for a total of $6.5 billion. GGP, an over $30 billion REIT, issued equity under its confirmed plan of reorganization with a market value of approximately $9 billion.

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Tags:  Willkie Farr & Gallagher LLP

Simpson Thacher Represents the Placement Agents in US$381.4 Million Initial Public Offering of Brasil Insurance Participações e Administração S.A.

Simpson Thacher recently represented Morgan Stanley & Co. Incorporated, BTG Pactual US Capital Corp., J.P. Morgan Securities LLC and HSBC Securities (USA) Inc., as placement agents in connection with the initial public offering of common shares of Brasil Insurance Participações e Administração S.A. The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Section 4(2) of the Securities Act and to non-U.S. persons under Regulation S. The transaction raised R$644.6 million (approximately US$381.4 million) in proceeds.

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Tags:  Simpson Thacher & Bartlett LLP | Sao Paulo

K&L Gates Advises HaloSource, Inc., on $80 Million Institutional Placing and AIM Admission

A three-continent team of lawyers from K&L Gates LLP recently advised United States clean water and antimicrobial technology company HaloSource, Inc., on the company’s $80 million institutional placing – including a $30 million vendor placing – and admission to the London Stock Exchange’s AIM market. Trading in HaloSource’s shares commenced in October, giving HaloSource an initial market capitalization of approximately $158 million.

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Tags:  K&L Gates LLP

Bird & Bird Advises Hangar 8 PLC on its Admission to AIM

Bird & Bird has advised Hangar 8, one of the largest operators of private jets in Europe, on its admission to AIM.  It is anticipated that the ordinary shares of Hangar 8 will be admitted to AIM for trading on or about 10 November 2010.  Based on the placing price, Hangar 8 will have a market capitalisation of circa £9.5 million. Daniel Stewart & Company plc was the nominated adviser and broker.

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Tags:  Bird & Bird LLP

Covington Advises Atlas Pipeline Holdings L.P. in Acquisition of Upstream Oil & Gas Assets from Atlas Energy, Inc.

Atlas Pipeline Holdings L.P. and Atlas Energy, Inc. announced today that they have entered into an agreement for Atlas Holdings to acquire from its parent, Atlas Energy, all of Atlas Energy’s partnership management business and certain producing oil & gas assets for total consideration of $250 million, consisting of $220 million in newly issued Atlas Holdings common units and $30 million in cash. Covington & Burling LLP advised the Special Committee of Board of Directors of Atlas Holdings on the transaction.

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Tags:  Covington & Burling LLP