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International Edition

CC and Freshfields act on Russian port operator's $534m London IPO

Freshfields Bruckhaus Deringer and Clifford Chance (CC) have advised on Global Ports Investments' $534m (£333m) flotation on the London 
Stock Exchange. Freshfields took the lead role for the Russian terminal operator on its initial public offering (IPO) on the main London market, with the firm's team including London-based Sarah Murphy, co-head of the firm's international capital markets practice, as well as Moscow partner Dmitry Surikov and a team of associates in London and Moscow.
2 minute read

International Edition

Taylor Wessing adds four partners in Frankfurt with Linklaters hires

Taylor Wessing has added four partners to its Frankfurt base, including the hire of a capital markets team from Linklaters. Linklaters partner Christoph Vaupel will join Taylor Wessing as an equity partner along with two managing associates, who will join as fixed-share partners.
2 minute read

International Edition

Ogier makes Rio Tinto hire for launch of new Shanghai office

Ogier has become the first offshore firm to secure a formal presence in mainland China with the launch of an office in Shanghai. The new base will be headed by managing director Kristy Calvert, who joins from international mining group Rio Tinto, where she was a legal director. She is a native Mandarin and Shanghainese speaker.
2 minute read

International Edition

Magic circle trio check in for roles on BAA's $1bn 'Yankee' bond

Freshfields Bruckhaus Deringer, Allen & Overy (A&O) and Clifford Chance (CC) have all taken advisory roles on a $1bn (£623,700) 'Yankee' bond offering by airports operator BAA. Freshfields advised BAA with a team led by international capital markets co-head Sarah Murphy and finance partner Marcus Mackenzie, while A&O advised the arrangers and dealers - which included RBS and Citibank - led by capital markets partners Tim Conduit and Diana Billik. CC acted for the bond trustee.
2 minute read

International Edition

Slaughters wins lead for Prada as $2.1bn Hong Kong IPO goes live

Slaughter and May has taken a lead role on Prada's $2.1bn (£1.3bn) Hong Kong listing alongside Italian best friend Bonelli Erede Pappalardo and US outfit Davis Polk & Wardwell. The initial public offering (IPO), which went live on the stock exchange today (24 June), marks the first Hong Kong listing by an Italian company.
2 minute read

International Edition

Sell, sell, sell – what In-Deed tells us about law firm flotation

I don't know much about the financial markets - that's one of the many reasons I became a solicitor donkey's years ago. So I don't quite get how a company like online conveyancing business In-Deed, which with the best will in the world is currently little more than an idea, can float on AIM, have a market capitalisation of £8.6m and within a couple of days see its share price rise a third, from 42p to 56p. The service only actually launched last month. To my uneducated eye, it looks like a considerable gamble to invest in an untested business model, however pukka the people behind it may be. This is a fact the AIM admission document recognises. Chief among the risk factors is that the company has no history and so there is "no basis on which to evaluate [its] ability to achieve its business objective, implement its investment policy and provide a satisfactory investment return".
4 minute read

International Edition

Freshfields loses Hong Kong head as Sullivan launches local law practice

Sullivan & Cromwell has launched a Hong Kong law practice with recruits from Freshfields Bruckhaus Deringer, writes The Asian Lawyer. Kay Ian Ng, formerly Hong Kong managing partner for Freshfields, will lead the new group for Sullivan, with counsel Gwen Wong is also coming aboard. Both focus on capital markets work.
3 minute read

International Edition

O'Melveny appoints quartet to leadership roles following raft of partner exits

O'Melveny & Myers has promoted four partners to leadership roles in the wake of several recent high-profile departures from the firm, reports The Am Law Daily. Silicon Valley partner Steven Tonsfeldt has been named as the new leader of the firm's M&A practice group, succeeding Ilan Nissan, who is joining Dewey & LeBoeuf along with M&A partner Chris Nugent.
2 minute read

International Edition

Freshfields wins second recent Hong Kong IPO role on $800m renewables float

Freshfields Bruckhaus Deringer and Skadden Arps Slate Meagher & Flom have lined up to advise on Huaneng Renewables' $800m (£500m) Hong Kong initial public offering (IPO). Skadden took the lead role for the Chinese renewable energy company, fielding a team led by Hong Kong corporate partner Dominic Tsun alongside Shanghai corporate and M&A partner Gregory Miao.
2 minute read

International Edition

DLA Piper scores deal of the day with role on $750m Groupon IPO

DLA Piper and Winston & Strawn are advising on e-commerce site Groupon's initial public offering (IPO), reports The Am Law Daily. The website, popular with customers for its deal-of-the-day discounts, filed for the eagerly anticipated IPO on Thursday (3 June), and is hoping to raise up to $750m (£460m).
2 minute read

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