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News from Conyers Dill & Pearman [Dates: 13 May – 22 May 2014]

Conyers_Dill_&_Pearman_logoConyers provides Cayman law advice to Lombard Medical on $55m IPO

Conyers Dill & Pearman has provided Cayman law advice to Lombard Medical in relation to its $55m (£33m) US initial public offering (IPO) and the listing of the company’s ordinary shares on the NASDAQ Global Market.

Conyers also advised on the Cayman aspects of the group’s change of domicile from the UK to the Cayman Islands via an English law scheme of arrangement and a delisting from the AIM market of the London Stock Exchange.

Lombard Medical is the Cayman Islands parent company of Lombard Medical Technologies, a medical device company focused on device solutions for the $1.4bn abdominal aortic aneurysm repair market.

Matthew Stocker of Conyers’ Cayman office advised on the matter, working alongside Covington & Burling’s London, New York and Washington DC offices.

Conyers advises on formation of Alkhabeer US Real Estate Income Fund

Conyers Dill & Pearman has advised Al Khabeer Capital on the formation and launch of the Alkhabeer US Real Estate Income Fund.

The fund, which is Shari’a compliant and aims to raise $70m (£42m), will acquire and operate income-generating commercial real estate in the US.

Dechert acted as international counsel to Alkhabeer Capital and the fund.

Conyers advises Adenium Capital on $26m solar power plant investment

Conyers Dill & Pearman has provided Cayman legal advice to Adenium Capital on a $26m (£15m) solar investment by Adenium and Bright Group Investments in Jordan.

Adenium is an investment company specialising in the investment in and development of clean energy and alternative-energy-related sectors.

Fawaz Elmalki of Conyers’ Dubai office advised on the matter, working alongside Bennett Jones.

Conyers advises The Carlyle Group in its acquisition of Industrial Packaging Group

Conyers Dill & Pearman has provided Bermuda legal advice to The Carlyle Group on its acquisition of the Industrial Packaging Group from Illinois Tool Works, renamed Signode Industrial Group, for $3.2bn (£2bn).

Signode Industrial Group is a global manufacturer of strap, stretch and protective packaging consumables, tools and equipment.

The Carlyle Group is a global alternative asset manager with $199bn of assets under management across 120 funds and 133 fund-of-funds vehicles as of 31 March 2014. It is based in Washington DC and has offices around the world.

Peter Ch’ng and Chiara Nannini of Conyers’ Bermuda office advised on the matter alongside Kirkland & Ellis.

Conyers Dill & Pearman advises Stonegate Pub on the issue of £400m senior secured notes

Conyers Dill & Pearman has provided Cayman legal advice to Stonegate Pub Company in connection with the inaugural high-yield notes offering through its subsidiary Stonegate Pub Company Financing of £260m 5.75 per cent senior secured notes due 2019 and £140m floating rate secured notes due 2019.

The notes were guaranteed on a senior secured basis by Stonegate and its material subsidiaries. The offering, which was conducted pursuant to Rule 144A and Regulation S of the US Securities Act, closed on 11 April 2014.

Conyers also provided Cayman legal advice to Stonegate in connection with a new £25m revolving credit facility provided to Stonegate by Barclays Bank.

Stonegate was established in 2010 and is now the largest privately held managed pub operator in the UK with an estate of more than 620 pubs and bars. Conyers has provided Cayman legal advice to the group since its inception.

Richard Fear of Conyers’ Cayman office advised on the matter, working alongside Simpson Thacher and Shearman & Sterling.

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