Fieldfisher has advised Cantor Fitzgerald Europe, in its capacity as nominated advisor and broker, for Gateley (Holdings) plc ("Gateley") in relation to its initial public offering on AIM. Gateley provides high quality, integrated partner-led, client-focussed legal services across five core groups to over 4,000 corporate and 1,500 private clients. These core areas are Banking and Financial Services, Corporate, Business Services, Employment and Pensions and Property.
- £30 million was raised pursuant to the Placing of 31,589,937 Ordinary Shares with institutional and other investors at the Placing Price of 95 pence per share
- Market capitalisation of Gateley on Admission is £100 million (based on the Placing Price)
- Gross proceeds of £5 million and £25 million have been raised for the Company and the Selling Shareholders respectively. The net proceeds raised by the Company will be used to support the transition from the previous LLP structure and for general working capital to support and implement Gateley’s growth strategy.
The IPO and Admission received strong support from staff, partners and significantly from Gateley clients, with approximately 10% of gross Placing proceeds being investments in the Company by Gateley clients.
Corporate partner Neil Matthews led the Fieldfisher team, supported by solicitor Owain Davies. The team also comprised partners Nicholas Thompsell (Corporate) and James Warren (employment), consultant Toby Redgrave (dispute resolution), senior associate Emily Tetley-Jones (Real Estate) and associate Deirdre Meehan (Technology).
Neil Matthews said: We are delighted and honoured to have advised on the UK's first law firm listing on AIM. This is a landmark moment for the UK legal industry and opens the door for other law high calibre firms looking for external investment and growth opportunities."
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