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The amount raised is one of the largest AIM secondary fundraising in the last 12 months and doubles the Company's market capitalisation.
The Energy team has recently completed a deal advising Mirabaud Securities Limited and Stifel Nicolaus Europe Limited on the AIM secondary fundraising by Diversified Gas & Oil plc, raising US$ 189 million. This will be used to fund acquisitions of oil and gas assets in the Appalachian basin in North America.
Congratulations to the team, led by Anthony Brockbank and including Jamal Moursy. The amount raised is one of the largest AIM secondary fundraising in the last 12 months and doubles the company's market capitalisation.
The transaction is yet another example of the ECM Team's spectacular activity over recent months and when added to our role advising Strand Hanson, Shore Capital and Mirabaud Securities on the US$120 million AIM fundraising for Savannah Petroleum PLC in December 2017 reflects the impact of rising oil prices on oil and gas exploration and production companies and Fieldfisher's leading position in advising on transactions in the sector.