US transactions

Herbert Smith does not train its attorneys in only one area of corporate law. Rather, we intentionally expose our junior attorneys to a wide variety of corporate transactions.

We believe that this approach is in the best interest of the client, the firm and the attorney. Attorneys who are constantly challenged remain leaders in their field.

The following is an overview of transactions undertaken by the US team:

Equity capital markets
A selection of work appears below. For further equity capital markets credentials please visit www.herbertsmith.com.

• ABN AMRO, BNP Paribas, Deutsche Bank, Jefferies International and Merrill Lynch on Alapis’s €450 million rights issue
• Barclays Capital, Citi, Lazard, Lloyds TBS Bank, Merrill Lynch and RBS Hoare Govett on Debenham’s £323 million firm placing and placing and open offer
• Barclays Capital, Hoare Govett, HSBC, Merrill Lynch, RBS and UBS on Liberty International’s £620 million placing and open offer
• Barclays, BNP Paribas, Citi, HSBC, J.P. Morgan Cazenove, RBS Hoare Govett and Rothschild on DSG international’s £311 million firm placing and rights issue
• BaWang International on its HK$1.67 billion (US$215 million) Hong Kong IPO and global offering
• China International Capital Corporation and J.P. Morgan Securities (Asia Pacific) as joint global coordinators and joint bookrunners on the HK$9.04 billion (US$1.16 billion) global offering and Hong Kong IPO of Sinotruk (Hong Kong)
• CICC, Deutsche Bank and Merrill Lynch on the HK$4 billion (US$512 million) offering of shares of Dongfeng Motor Group Company Limited in a Hong Kong IPO and global offering
• Citi, Deutsche Bank and Merrill Lynch in connection with the €5.2 billion equity offering by Marfin
• Citi, Credit Suisse, Davy, Deutsche Bank and UBS on Bank of Ireland’s €3.4 billion capital raising, including a €1.885 billion rights issue and a €500 million firm institutional placing
• Credit Suisse, J.P. Morgan Cazenove and Lazard on Great Portland Estates’ £175 million rights issue
• Credit Suisse and Macquarie as joint sponsors on the HK$2.18 billion (US$280 million) Hong Kong IPO and global offering of Samling Global
• Credit Suisse and Morgan Stanley as joint global coordinators on the HK$3.2 billion (US$410 million) Hong Kong IPO and global offering of Honghua Group
• Credit Suisse and UBS on Barratt Developments’ £720 million placing and rights issue
• Deutsche Bank, Merrill Lynch and Morgan Stanley on National Grid’s £3.3 billion equity offering
• EasyJet on the establishment of its Level 1 American Depositary Receipt program on the Over-The-Counter market in the United States
• Goldman Sachs on the US$2 billion HKSE flotation and global offering of ZTE Telecommunications
• Hammerson on its £584 million rights issue
• J.P. Morgan Cazenove, J.P. Morgan Securities, Barclays Capital, RBS Hoare Govett, Lloyds TSB Bank and Rothschild on Grainger’s £250 million rights issue
• J.P. Morgan Securities (Asia Pacific) and UBS as joint bookrunners and joint lead managers on the HK$2.23 billion (US$285 million) Hong Kong IPO and global offering of Xtep International Holdings
• Lonmin on its US$477 million rights issue
• MW TOPS on its €1.5 billion listing on Euronext Amsterdam
• TomTom on its €359 million rights issue and €71 million private placement and associated €1.85 billion debt
• UBS Limited and Deutsche Bank AG (underwriting banks) on Wolseley plc’s £1.050 billion placing and rights issue
• Yell on its £660 million placing and open offer

Debt capital markets
A selection of work appears below. For further debt capital markets credentials please www.herbertsmith.com.

• Chinese Future Corporation on its US$225 million global offering of high-yield bonds underwritten by Morgan Stanley and its US$108 million private placing of shares to certain institutional investors
• Greentown China Holdings Limited on its US$400 million global offering of high-yield bonds underwritten by J.P. Morgan and UBS
• Macquarie Bank and Merrill Lynch as joint lead managers on the US$169.8 million convertible bond offering by Thai-listed Thoresen Thai Agencies
• Morgan Stanley and Goldman Sachs as joint lead managers on a US$600 million high-yield bond offering by Shimao Property Holdings
• Panva Gas Holdings Limited in connection with its US$200 million offering of high-yield debt underwritten by Merrill Lynch and Morgan Stanley
• Shanghai Zendai Property Limited on its offering of US$150 million fixed-rate high-yield notes, due 2012
• Signet Group on its private placement of US$380 million long-term fixed-rate senior unsecured notes
• Sol Meliá on its €200 million offering of senior unsecured convertible bonds
• The Weir Group on its private placement of US$160 million and £55 million long-term fixed-rate senior unsecured notes
• Wincanton on its private placement of US$75 million long-term floating-rate senior unsecured notes
  

• BAA on the recommended £15.6 billion offer by the Grupo Ferrovial-led consortium
• BP on its participation in the US$10.6 billion IPO of OAO Rosneft
• Credit Suisse, HSBC and J.P. Morgan Cazenove on Prudential’s proposed US$21 billion rights issue in connection with the intended US$35.5 billion acquisition of AIG’s Asian operations
• LogicaCMG on its SEK11.9 billion (£882 million) recommended cash and share offer for WM-data, a leading Nordic IT services company listed on the Stockholm Stock Exchange
• Resolution Life on its proposed £8.6 billion merger with Friends Provident, £4.9 billion recommended takeover by Standard Life and £5 billion recommended takeover by Pearl Group
• Rothschild as financial adviser and sponsor on Liberty International’s proposed £1 billion demerger of Capital & Counties
• Severn Trent on the demerger of its UK waste management business, Biffa
• Tata Motors on its acquisition of Land Rover and Jaguar from US-listed Ford Motors for approximately US$2.3 billion
• Tata Steel on its successful £6.2 billion takeover of Anglo-Dutch steelmaker Corus
• Yell on its US$1.5 billion acquisition of TransWestern in the US and its €3 billion acquisition of TPI in Spain and the related financings