Leading international law firm Herbert Smith Freehills has advised Marex Group plc (Marex), the diversified global financial services platform, on its $292 million US initial public offering (IPO), registration with the SEC and listing on the Nasdaq Global Select Market. A total of 15,384,615 ordinary shares are being offered, of which 3,846,153 shares are being offered by Marex and 11,538,462 shares are being offered by certain selling shareholders, priced at $19.00 per share. This values Marex at $1.35 billion. The offering is expected to close on April 29, 2024, subject to customary closing ..read more

Mayer Brown advised AmWest Funding Corporation (AmWest) and Park Capital Management in connection with a joint venture with funds managed by Ares Management to purchase and invest in Non-QM loans, sourced and serviced by AmWest. The joint venture will seek to capitalize on AmWest’s strong position as a leading mortgage originator and servicer with over $15 billion of Non-QM mortgage originations since inception, primarily sourced via its national wholesale platform. The team included Corporate & Securities partner Lauren Pryor and associates Elizabeth McClain and Nickolas Schwake and Banki ..read more

Global law firm Clifford Chance advised Hillwood, a leading investor and developer, in connection with the increasing of the financing from Millennium Bank for the project in Zgierz to €29 million. This financing will allow the construction of the second phase of Park Hillwood Zgierz I. The project includes the construction of a modern A-class warehouse building with an area of over 58,000 me. The park is located in Custral Poland just 2.5 km from the entrance to the A2 motorway entrance and 15.5 km from the AT motorway junction. A number of environmentally friendly and energy-efficient soluti ..read more

Global law firm Clifford Chance has advised large-scale energy storage projects developer: GIGA Storage and GIGA Giraffe on the financing of GIGA Giraffe, an energy storage project in the port area of Amsterdam. At 47 MWh, this battery will be the first 4-hour battery in the Netherlands and the same size as the GIGA Buffalo battery in Lelystad. The GIGA Giraffe is  a 10 MW end 47 MWh storage project and enables the electricity network to store the energy peaks during sunny hours and keep the energy system in balance with a growing share of unpredictable but sustainable energy generation ..read more

Global law firm Clifford Chance has advised investment firm 3i Group plc, investment entities managed by 3i and the other shareholders of nexeye, a leading European value-for-money optical platform, on the intended sale of the company to investment runds and accounts managed by KKR. KKR’s investment enables nexeye to further accelerate its ambitions to expand its optical and hearing care services within existing and new markets, with a continued focus on customer service, product quality and innovation. Under 3i’s ownership, nexeye has pursued a strategy focused on market expansion and champio ..read more

Kirkland & Ellis is advising Luke Bidco Limited, a newly formed company indirectly wholly-owned by funds managed and/or advised by Thoma Bravo, L.P., on the recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of Darktrace. The acquisition values Darktrace’s entire issued, and to be issued, ordinary share capital at approximately $5,315 million on a fully diluted basis and implies an enterprise value of approximately $4,992 million. The Kirkland team is being led by corporate partners Francesca Storey-Harris, David Higgins, Corey Fox, Bradley Reed ..read more

Rubrik, Inc. has announced the pricing of its upsized initial public offering of 23,500,000 shares of its Class A common stock at a public offering price of US$32.00 per share. In addition, Rubrik has granted the underwriters a 30-day option to purchase up to an additional 3,525,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange on April 25, 2024, under the symbol “RBRK.” The offering is expected to close on April 29, 2024, subject to customary closing conditions. Lath ..read more

Latham & Watkins has advised Conterra Ultra Broadband Holdings, Inc. (Conterra), a leader in providing fiber-optic network-based infrastructure and services in the US, on the completion of a debt capital raise totalling US$580 million, which will be used to refinance existing credit facilities, optimize Conterra’s capital structure, and provide additional capacity to support Conterra’s growth. The structure is a first of its kind within the digital market in the US. Latham’s team was led by a transatlantic team comprised of London infrastructure partner Conrad Andersen, New York partner Wa ..read more

Latham & Watkins has advised Darktrace plc (LSE: DARK), a global leader in cybersecurity artificial intelligence, on its recommended takeover offer by Thoma Bravo. The acquisition values Darktrace’s entire issued, and to be issued, ordinary share capital at approximately US$5.3 billion. It is intended that the acquisition will be implemented by way of a Court-sanctioned scheme of arrangement under English law. The Latham team was led by London M&A partner Richard Butterwick and associates Chris Ramsey, Will Temple-Smith, Beatrice Leung, and Aslihan Alparslan. Advice was provided on ca ..read more

Latham & Watkins has advised Canaan and Brandon Capital as investors on the US$25 million Series B funding round of Pathios Therapeutics Limited (Pathios), a biotech company focused on the development of first-in-class therapies for cancer. The round included participation from Canaan and Brandon Capital as existing investors, and new investment from Bristol Myers Squibb. The Latham team was led by London corporate partner Shing Lo, with associate Toni Adejuyigbe. The post Latham Advises Canaan and Brandon Capital on Pathios’ US$25 Million Series B appeared first on Legal Desire Media and ..read more