Equity Capital Markets

Our key experience includes advising:

PRADA, one of the world's most prestigious fashion and luxury brand groups, on its initial public offering to raise US$2.4 billion and the listing of its shares on the Hong Kong Stock Exchange.

Standard Life on its flotation on the London Stock Exchange which raised £1.1 billion of net new capital as part of offers which raised approximately £2.2 billion.

Standard Chartered, as international counsel, on a public issue and listing in India of Indian Depository Receipts. Standard Chartered is the first overseas company to list in India.

UBS, as sole global coordinator, UBS, Credit Suisse and CICC, as joint bookrunners, joint sponsors and joint lead managers, and Goldman Sachs, the Hong Kong Underwriters, on the US$3.1 billion initial public offering and listing of the H Shares of China Pacific Insurance (Group) on the Main Board of the Hong Kong Stock Exchange.

Ocado, a leading online grocer, on an initial public offering to raise approximately £200 million and the listing of its shares on the London Stock Exchange.

Provident Financial on the demerger of its international home credit business to a separately listed entity, International Personal Finance plc, with a value of £646 million (EUR 952 million).

Standard Chartered on a rights issue to raise approximately £3.3 billion (net of expenses).

Banco Santander on a rights issue to raise approximately EUR 7.2 billion.

Songbird Estates on a placing compensatory open offer and issue of preference shares in the largest secondary offering by an AIM company and the largest equity capital raise in UK real estate company history.

HM Treasury on £20 billion of capital underwitten to RBS; £17 billion underwritten to Lloyds TSB and HBOS; the take up of its rights investing £5.7 billion in the Lloyds Banking Group rights issue; and a capital injection of £25.5 billion into RBS; and £4 billion compensatory open offer by Lloyds Banking Group as part of measures to support the UK banking sector.