The firm's corporate department regularly acts for a wide range of investment banks, brokers, sponsors and nominated advisers, particularly in the context of equity capital markets transactions. We have extensive experience covering a wide range of transactions, including:

  • Initial public offerings on the Official List, AIM and ISDX

  • Secondary equity issues (including rights issues, open offers, vendor placings and cashbox structures)

  • Restructurings (including capital reorganisations and schemes of arrangement)

  • Public takeovers (including advising investment banks on takeovers of quoted companies in both recommended and hostile situations)

Members of the corporate department also regularly act for financial institutions in spheres outside equity capital markets. For example, we advised Kent Reliance Building Society on an innovative transaction to establish an entirely new business structure that allowed the business to benefit from substantial new equity capital from funds advised by US private equity firm J.C. Flowers. The new structure provided a solution to a problem besetting many building societies – how to raise core tier one capital, the highest tier of regulatory capital which building societies and banks need to support their lending businesses.

Our expertise is consistently endorsed by the legal directories, so working with us means working with one of the leading firms in the field. The group was named AIM Team of the Year at the Growth Company Awards in 2007 and shortlisted in 2009 and 2011. The team was ranked in the top band for AIM work by Chambers & Partners in 2012 and 2013.


Notable deals / highlights

  • We acted for Strand Hanson Ltd & Mirabaud Securities LLP on the admission of Lekoil Limited to AIM and placing to raise US$ 50 million, one of the largest AIM fundraisings of 2013. Lekoil holds oil & gas exploration assets in Nigeria and Namibia.
  • We advised RBC Capital Markets on a secondary fundraising by AIM listed Globo PLC, raising £24m. The funds raised will be used by Globo to accelerate its mobile apps platform, GO! Enterprise, in the US and Western Europe and to expand its Mobility Business Solutions division.

  • We advised Fairfax in relation to the admission to the Main Market of the London Stock Exchange of Medusa Mining, a company with significant gold assets in the Philippines, with a market capitalisation of £650m.

  • We acted for Mirabaud and Renaissance Capital on a secondary fundraising by Gulf Keystone Petroleum, a company with assets in Kurdistan, raising in aggregate US$165m.

  • We advised Kent Reliance Building Society (KRBS) on a proposed new business structure that saw US private equity firm J.C. Flowers (JCF) take a stake in its business, providing substantial new capital. KRBS established a new industrial and provident society, Kent Reliance Provident Society Limited (the I&PS). Members of KRBS were entitled to become members of the I&PS. KRBS transferred its business, assets and liabilities to a new bank. JCF invested in the bank, providing the new business with substantial new capital. The bank is jointly owned by JCF and the I&PS. The deal was the first time that a private equity business invested in a UK mutual lender.

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