Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 30-01-2015 | Practice Area: | Equity Capital Markets |
| Deal Title: | FirstRand and FRIHL Accelerated Bookbuild Offering | Industry: | Financial Services |
| Description: |
Davis Polk advised Morgan Stanley and Co. International plc and Rand Merchant Bank, a division of FirstRand Bank Limited, as joint bookrunners in connection with an accelerated bookbuild offering by FirstRand Limited and FirstRand Investment Holdings Proprietary Limited (acting as principal and agent on behalf of the beneficiaries of The FirstRand Black Employees Trust and The FirstRand Black Non-Executive Directors Trust). The offering consisted of 102,132,143 ordinary shares (including 35,420,014 new ordinary shares) of FirstRand at R46.00 per share and a concurrent offering of 23,804,003 ordinary shares of MMI Holdings Limited at R28.50 per share.
The Davis Polk team included partner Paul E. Kumleben and associate Cherie H. Yang. All members of the Davis Polk team are based in the London office.
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| Financial Center: | London | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Davis Polk |
| Issuer Jurisdiction - | South Africa | Listing Jurisdiction - | United Kingdom |
| Classification: |
Secondary Offerings and Placings |
Lawyer | Paul Etienne Kumleben |
