International legal practice Osborne Clarke has advised Lloyds Development Capital (LDC) in its capacity as selling shareholder on the successful AIM IPO of global games brand, Team 17 Group plc.

The IPO saw gross proceeds of £107.5 million raised by sole global co-ordinator Berenberg and values the company on admission at approximately £217 million. Admission and dealings in Team 17’s shares became effective today.

The Osborne Clarke team was led by corporate Partner Jonathan King, who was assisted by Senior Associate Kate Mellor.

Baker McKenzie acted as legal adviser to National Australia Bank Limited (NAB) in its role as sole arranger and as legal adviser to the syndicate of Joint Lead Managers (which included Crestone Wealth Management, Morgan Stanley, Morgans Financial, Wilsons Corporate Finance, Ord Minnett and Taylor Collison) on the floatation of the L1 Long Short Fund as a listed investment company on the ASX.
The Fund successfully raised A$1.35 billion, making it one of the largest ever investment fund flotations in Australia.

A cross-border Dechert LLP corporate & securities team recently closed three capital markets transactions in Kazakhstan.

Dechert advised JSC National Company KazMunayGas (“KMG”), the Kazakhstan state-owned oil and gas company, on its issuance of an aggregate of US$3.25 billion Eurobonds under its US$10.5 billion Global Medium Term Notes Programme established by KMG and its finance subsidiary KazMunaiGaz Finance Sub B.V (“KMG Finance”).

Herbert Smith Freehills is proud to have advised Prospa Group Limited (Prospa) on its initial public offering (IPO), priced at A$3.64 a share, raising A$146.5 million for a A$576.3 million market capitalisation (at the offer price).

Prospa is a financial technology company and Australia’s #1 online lender to small businesses. Since 2012, Prospa has lent over A$500 million and served over 12,000 unique customers, and the company’s net loan book has now grown to over A$200 million.

Law firm Stephenson Harwood has advised the sole sponsor, BOCOM International (Asia) Limited (BIAL), on the listing of the shares of HPC Holdings Limited (HPC) on the Main Board of The Stock Exchange of Hong Kong Limited. HPC has raised HK$180 million from the global offering.

BIAL is a Hong Kong corporate finance subsidiary of BOCOM International Holdings Company Limited.

Allen & Overy has advised on the landmark listing and equity offering of Vinhomes JSC’s shares on the Ho Chi Minh Stock Exchange (HOSE) which raised about USD1.3 billion in Vietnam’s biggest ever issue.

Global law firm White & Case LLP has advised J.P. Morgan and BNP Paribas, as Joint Global Coordinators, on the offering of €600 million Senior Notes by France-based leading global engineering services company Novafives.

The transaction was divided in two tranches – €325 million 5.00% Fixed Rate Senior Secured Notes due 2025, and €275 million Floating Rate Senior Secured Notes due 2025.