Network Wire

Han Kun has provided legal services in connection with JD.com, Inc.'s US$ 2.0 billion convertible senior notes offering as PRC counsel for the joint bookrunners. JD is a leading supply chain-based technology and service provider.

Kudun and Partners have successfully represented Maguro Group Public Company Limited in the offering of 21 million ordinary shares through an initial public offering (IPO) on the Market for Alternative Investment (mai). The offering totaled approximately THB 541 million on the first trading day, June 5, 2024, making MAGURO the second Thai-listed Japanese restaurant on the stock exchange.

MinterEllison has advised Generation Development Group Limited, a diversified financial services group, on its fully underwritten $155.3 million capital raising. The funds raised will be primarily used for the acquisition by Generation Development Group of all of the remaining equity securities in Lonsec Holdings Pty Ltd that it does not already own, approximately 62%, for total upfront consideration of $197.4 million plus an earn-out of up to $90 million (Acquisition).

Prisma Properties has on 18 June 2024 successfully been listed on Nasdaq Stockholm. Trading commenced on 18 June 2024 and the price per share was SEK 27.50, corresponding to a total market value of approximately SEK 4,524 million.

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), in acquiring the logistics portfolio fully owned by Globalworth, the largest office investor in CEE, with leading positions in Romania and Poland.

JBT Corporation, a global technology solutions provider to high-value segments of the food and beverage industry, launched a voluntary takeover offer for all issued and outstanding shares in Marel hf., following an approval by the Financial Supervisory Authority of the Central Bank of Iceland of an offer document and a prospectus related to the offer. LEX Law Offices is acting as Icelandic legal advisor to JBT in connection with the takeover offer.

Swixx Biopharma AG, a global commercial platform dedicated to unlocking access to innovative medicines worldwide, completed the acquisition of Pharma Consulting Group S.A. and its subsidiary Laboratorios Biopas SA (Biopas) as strategic expansion into Latin America. Biopas is a leading pharmaceutical company in Latin America, specializing in the in-licensing, marketing, and sale of pharmaceutical products.

Wardyński & Partners advised ALTEN Group, a French listed company (Euronext Paris Compartment A) and a leader in engineering and IT services, on the acquisition of Primaris sp. z o.o. We provided comprehensive legal and tax structure assistance across all aspects of this complex transaction.

Morgan & Morgan has advised Platinum Brands, S.A. (“PBSA”) on the acquisition of assets related to the operation of the Kentucky Fried Chicken (KFC) and Dairy Queen franchises in the Republic of Panama, previously owned by Franquicias Panameñas, S.A. (“FPSA”).

To bolster the circular economy in Latin America and the Caribbean, the International Finance Corporation (IFC) announced an initial investment of US$2 million in ProNuvo, a Costa Rica-based company specializing in the sustainable production of insect-based animal feed.

QIL+4 Abogados acted as local counsel representing Investment Energy Resources Limited (Issuer) and Renace, S.A. (Guarantor). The transaction involved $700M senior secured notes due 2029 issued by the Investment Energy Resources Limited and a refinancing debt for $300MM.

Vouga Abogados advised Azeta Group, one of the most important economic conglomerates in the country and active in various sectors of the economy, in the acquisition of 50% of the capital stock of Biggie S.A., the first and largest chain of 24-hour convenience stores.

Basham Ringe y Correa has assisted Grupo Carso in the clearance before the Comisión Federal de Competencia Económica (COFECE) of the acquisition, by one of its subsidiaries, of the entire share capital of PetroBal Operaciones Upstream and its subsidiaries.

Marval O’Farrell Mairal has advised Centroid, a leading provider of digital transformation and consulting services, in the acquisition of 100% of Qbit in Argentina, Chile and Peru, facilitation the expansion of its operations into Latin America. The amount of the transaction was not disclosed.

Dinsmore & Shohl LLP corporate partners Christian Gonzalez and Michael Dailey successfully led the Firm’s mergers and acquisitions team in representing Wayne Saving Bancshares Inc. (OTCQX: WAYN) ("Wayne"), the holding company of Wayne Savings Community Bank ("Wayne Savings"), in a merger of equals with Main Street Financial Services Corp. (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp. ("Main Street Bank").

Hunton Andrews Kurth LLP represented the underwriters of Genesis Energy, L.P.’s registered offering of $700 million aggregate principal amount of 7.875% Senior Notes due 2032. The transaction closed on May 9, 2024.

Lawson Lundell LLP acted as the exclusive legal advisor to Axis Insurance Managers Inc. ("Axis Insurance") on its significant growth investment from funds managed by Lee Equity Partners ("Lee Equity"). Axis Insurance is a leading independent specialty insurance brokerage based in Vancouver, providing its client base with risk management and insurance services focused on specialized risks.

Haynes and Boone, LLP guided Eos Energy Enterprises, Inc., a leader in zinc-based long-duration energy storage systems, in securing a strategic investment of up to $315.5 million from an affiliate of Cerberus Capital Management LP. The investment structure includes a $210.5 million delayed draw term loan and a $105 million revolver as well as issuances of warrants and preferred stock.

Dykema, a leading national law firm, acted as legal advisor to CPS Energy in its acquisition of natural gas plants in Corpus Christi and Laredo, Texas, from Talen Energy for $785 million. The three natural gas plants are an approximately 1,710-megawatt (“MW”) generation portfolio located in the South Zone of the Electric Reliability Council of Texas (“ERCOT”) market.

Carey Olsen's investment funds team in Jersey has advised India-based investment firm Quantum Advisors on the launch of its Jersey fund, Q India Advantage Fund ("Q India"). Established as a Jersey Private Fund, Q India will invest into Quantum's existing fund, Q India Equity Value Fund ("Master Fund"), allowing a much larger investor base to gain exposure to the Master Fund's investment strategy of a publicly listed equity-oriented portfolio.