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International Edition

Uria, Linklaters and Davis Polk advise on €3bn Spanish bank IPO

Uria Menendez has taken the lead role for Spanish banking conglomerate Bankia on its €3bn (£2.6bn) initial public offering (IPO). The IPO, reportedly Spain's third-largest of all time, saw 824 million new shares made available at €3.75 per share, with trading on the Madrid, Barcelona, Bilbao and Valencia stock exchanges kicking off on 20 July.
2 minute read

International Edition

White & Case boosts City base with Latham duo ahead of Milan relaunch

White & Case has strengthened its London capital markets group with the hire of a US securities duo from Latham & Watkins in a move that will also see the US firm re-enter the Italian market. London-based partners Michael Immordino and Ian Clark, who both handed in their notice earlier today (28 July), will be joining White & Case on Monday (1 August) after several weeks of discussions.
3 minute read

International Edition

A&O dominates global bond rankings at halfway mark

Allen & Overy (A&O) has topped Thomson Reuters' debt capital markets (DCM) rankings for international cross-border bonds for the first half of 2011 by both manager and issuer. The firm advised managers on 238 bond deals worth $180bn (£110bn) during the period, giving it a 7.1% share of the market, ahead of Linklaters, which held a 3.5% share of the market, with roles on 117 deals worth $104bn (£63.8bn).
2 minute read

International Edition

City partners hope for revival in capital markets after Greek bailout

City capital markets partners are optimistic that last week's €109bn (£96bn) Greek bailout will help increase deal activity in Europe's markets. The package, agreed little more than a year after an initial bailout last May, saw the heads of 17 eurozone governments agree a funding package that will also see private lenders asked to contribute, as well as including measures to cut debt interest rates for Greece, Ireland and Portugal.
2 minute read

International Edition

Herbert Smith capital markets partner exits to join US firm in Hong Kong

Morrison & Foerster (MoFo) has hired Herbert Smith's Asia head of US capital markets John Moore for its Hong Kong office. Moore is set to join the US firm's local corporate and capital markets practice in the autumn after six years at Herbert Smith. It has not yet been decided who will take over from Moore as practice head.
2 minute read

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

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