The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Simmons & Simmons has advised underwriters JPMorgan Cazenove and Numis on a £82m fundraising for student housing company Unite Group.
The company sought to raise the cash via a placement and open offer earlier this month.
The firm has advised underwriters on five secondary offerings in the real estate sector during 2009. Simmons picked up the instruction on the Unite deal after advising JPMorgan Cazenove as underwriters on a series of fundraisings.
The team was led by corporate partner Chris Horton, who was supported by associates Ian Wood and Rachel Lewis on the UK side. US securities partner Daniel Winterfeldt, supported by US assistant Michael Burdei, led on US matters.
Winterfeldt commented: “In the past we’ve seen the blanket exclusion of US shareholders in rights issues or open offers because of concerns about potential liability.
“Their involvement in the open offer shows an emerging trend to include US institutional shareholders under certain circumstances via private placements by the issuer as concerns around liabilities are balanced with concerns for fairness to investors.
“From an equity capital markets practice point of view we’ve grown from doing limited work for underwriters two years ago to a series of instructions in this area.”
Unite was advised by Osborne Clarke corporate associate Mark Wesker on UK matters and Morrison & Foerster corporate finance partner Kristian Wiggert and associate Stephanie Wingader on US aspects.