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Fieldfisher's top-ranked equity capital markets team advised AIM-listed energy and infrastructure business Infrastrata plc on a secondary placing raising £10.3 million and an open offer to raise a further £4.1 million by the issue of new ordinary shares.
The placing was conducted as an accelerated bookbuild and will close in two tranches, with the second tranche subject to shareholder approval at a general meeting of the company on 24 May 2021.
Infrastrata will apply the proceeds of the fundraising towards capital expenditure in connection with a recently awarded major fabrication contract with leading engineering company Saipem Limited.
The Fieldfisher team advising Infrastrata was led by corporate partner Brad Isaac, supported by associate Lily Searle and trainee Leya Beidas.