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Equity capital markets – small-mid cap in London

Addleshaw Goddard

Addleshaw Goddard's client roster includes a significant number of FTSE AIM 50 and FTSE AIM 100 companies, as well as 12 of the top 13 UK mid-cap stockbrokers, and other financial advisers and brokers. Led by Nick Pearey, the national team is strong in AIM and Main Market matters, with it being prominent in high-profile IPOs, secondary fundraisings and public M&A. In one highlight, Giles Distin and legal director Jeremy Cruse acted for Liberum Capital on the £120m AIM IPO of SourceBio International Plc, which was one of the few AIM IPOs to take place in 2020. Simon Wood and Roger Hart are also recommended.

Responsables de la pratique:

Nick Pearey

Autres avocats clés:

Giles Distin; Simon Wood; Roger Hart; Louise Pritchard; Adam Hastings; Jeremy Cruse

Les références

An exceptionally knowledgeable team, dedicated to client service, unquestionably sharp, punching above their weight.’

Specific partners – Simon Wood (my go-to lawyer on public M&A) and Giles Distin (highly experienced on ECM/M&A matters) – experienced lawyers that are always available to help, with a personable bedside manner.’

Giles Distin provides a partner-led service and is readily available providing a balanced view.

The Addleshaw Goddard team have been very strong and provided us with excellent support over the past 12 months. They are clearly very experienced.’

Giles Distin has provided us with first class support and has demonstrated his skill and experience in the public markets. He also has a strong relationship with the regulator and is able to provide clarity in complex issues.’

Principaux clients

Accrol Group Holdings plc

Alpha Financial Markets Consulting plc

Boohoo Group PLC

Brickability Group plc

BT Group plc

Carclo plc

Cenkos Securities

Chesnara plc

Churchill China PLC

ClearStar Inc

Dixons Carphone plc

finnCap

Frontier IP Group plc

genedrive plc

IMImobile PLC

Investec Bank

JD Sports Fashion plc

Jefferies

Kestrel Partners LLP

Liberum Capital

Longevity Acquisition Corp

McBride plc

Moneysupermarket.com Group PLC

NAHL Group plc

Nplus1 Singer

On The Beach plc

Peel Hunt

Ramsdens Holdings PLC

Shore Capital & Corporate

SPARK Advisory Partners

Speedy Hire plc

Sumo Group Plc

Team17 Group plc

The City Pub Group PLC

The Pebble Group plc

Victrex PLC

Yourgene Health plc

Zeus Capital

Principaux dossiers

  • Advising IMImobile plc on its £543m recommended offer from Cisco Systems, Inc.
  • Advising Liberum Capital Limited in its capacity as nominated adviser and sole bookrunner on the £120m IPO on AIM of SourceBio International PLC.
  • Advising Zeus Capital and Jefferies, as joint bookrunners to Boohoo Group plc, in relation to Boohoo’s secondary placing which raised proceeds of £197.7m.

CMS

CMS generates a strong flow of work from a large number of issuers (including FTSE 250 companies) and investment banks under the leadership of practice head Alasdair Steele. It is a strong choice for high-profile and complex transactions, and is able to offer UK and US securities law expertise. In 2020, highlights included acting for tinyBuild’s shareholder NetEase on the $470m AIM IPO of tinyBuild, and advising Aquila European Renewables Income Fund on a €155m placing programme and offer for subscription. Charles Howarth, who joined from Herbert Smith Freehills LLP in 2020, is experienced in UK and wider global capital markets transactions, including IPOs, placings, rights issues and secondary market offerings. Kristy Duane and Jack Shepherd are other key individuals. Iain Newman retired.

Responsables de la pratique:

Alasdair Steele

Autres avocats clés:

Charles Howarth; Kristy Duane; Jack Shepherd

Les références

Extremely personable and easy to work with group. Excelled at helping us through a complex process which we had no prior experience of. Knowledgeable, patient, open, diligent and completely focused on delivering customer expectations.’

Principaux clients

Sequoia Economic Infrastructure Income Fund

APG Asset Management N.V. (APG)

RDI REIT PLC

Aquila European Renewables Income Fund (AERIF)

Stifel Nicolaus

Peel Hunt

Numis Securities

NetEase

Investec

Cenkos Securities

Primary Health Properties

London Metric Property

Blue Prism

Synairgen

Big Yellow Group

The Rank Group

Panmure

ActiveOps

N+1

ReNeuron Group Plc

Principaux dossiers

  • Advising Sequoia Economic Infrastructure Income Fund on a £300m placing, open offer and offer for subscription and further £300m share issuance programme.
  • Advising APG Asset Management N.V. (APG), one of the world’s largest pension investors and a major shareholder of Hammerson plc, on a £551.7m underwritten rights issuance undertaken by Hammerson in parallel with advising APG on the associated related party transaction and shareholder circular in relation to the £274m purchase of substantially all of Hammerson plc’s stake in VIA Outlets (VIA), a leading European premium outlet operator with 11 outlets in nine countries.
  • Advising long-standing client RDI, a UK property REIT listed on the London Stock Exchange, on the sale of its business to Starwood Capital Group, a private equity investment company.

Norton Rose Fulbright

Norton Rose Fulbright's standing in the market is reflected by the fact that it is a first choice among many FTSE 250 and AIM-listed companies, listed funds, bulge-bracket banks and other financial institutions. Led by Raj Karia, the team is notably active in transactions with a nexus to the real estate, renewables infrastructure, oil and gas, mining, healthcare and life sciences sectors, and financial institutions. In 2020, Thomas Vita led advice to Hyloris Pharmaceuticals on its €75m Euronext Brussels IPO. In addition, he was part of the cross-office team, which acted for Citigroup, Jefferies and Commerzbank on the €115m IPO of Brockhaus Capital Management on the Frankfurt Stock Exchange. The firm also advised JP Morgan and Peel Hunt as joint bookrunners on LondonMetric Property Plc’s £120m placing by way of accelerated bookbuilding. Fiona Millington, Richard Sheen and Clementine Hogarth are other names to note in the group, which is also highly active in emerging markets transactions, including those involving the Middle East and Africa.

Responsables de la pratique:

Raj Karia

Autres avocats clés:

Fiona Millington; Thomas Vita; Richard Sheen; Clementine Hogarth

Les références

Extremely fast, extremely practical and solutions oriented. We’ve loved working with them every time, as they help us navigate difficult and formalistic legislation with full comfort and without taking up huge resources.’

Tom Vita remains a great practical lawyer, guiding both legal professionals and the business through the ins and outs of arcane and byzantine US securities laws as they apply to EU offerings.’

Principaux clients

eve Sleep plc

Purplebricks Group plc

Investec Bank plc

Panmure Gordon

Canaccord Genuity Limited

Mortgage Advice Bureau (Holdings) Plc

Crystal Amber Fund Limited

Egdon Resources plc

Good Energy Group plc

Numis Securities Limited

Peel Hunt

BMO Capital Markets

Hyloris Pharmaceuticals

Investec Bank

Ecofin US Renewables Infrastructure Trust

Trian Investors 1 Limited

Picton Property Income Limited

Principaux dossiers

  • Advised on the Main Market IPO of Ecofin U.S. Renewables Infrastructure Trust PLC.
  • Advised Canaccord Genuity and Cantor Fitzgerald as joint bookrunners on a $140m placing and PrimaryBid retail offer by Yellow Cake plc.
  • Advised BMO Capital Markets as sponsor on Petra Diamond Limited’s financial restructuring transaction.

Pinsent Masons LLP

Pinsent Masons LLP excels in handling domestic and cross-border equity capital markets transactions involving the real estate, technology, energy, healthcare and life sciences, retail, and diversified industrial and manufacturing sectors; Charles Waddell is well-known in the biotech industry. Julian Stanier heads up the team, which has market-leading credentials, reflected through its sizeable AIM company client base. It also generates mandates from investment banks, private equity houses and financial intermediaries. In a recent highlight, Stanier and Gareth Jones were part of a cross-practice group which acted for Investec Bank plc as NOMAD and sole broker on the AIM IPO of ActiveOps Plc. Rob Hutchings and Adam Cain are also recommended, as is US securities head Roberta Markovina. Chrissy Findlay, recently promoted partner James Kaye and senior associate Sunjay Malhotra are other names to note. Jon Harris retired in April 2021.

Responsables de la pratique:

Julian Stanier

Autres avocats clés:

Rob Hutchings; Gareth Jones; Charles Waddell; Chrissy Findlay; Adam Cain; Roberta Markovina; James Kaye; Sunjay Malhotra

Les références

Julian Stanier and Gareth Jones are extremely experienced in the small-mid cap ECM market, bringing to transactions a great deal of legal and commercial knowledge.’

Gareth Jones was ever present on the deal and led the transaction rather than over delegating, good humoured (very pleasant to work with) but most particularly – and for me, the key difference between the good and the best lawyers – he found solutions to problems for us when we were in difficult situations.’

Principaux clients

Zeus Capital Limited

LiDCO Group plc

4D pharma plc

Forterra plc

ANGLE plc

Portmeirion Group plc

Principaux dossiers

  • Advised Zeus Capital Limited (as nominated adviser and joint broker) and Berenberg (as joint broker) on the AIM IPO of tinyBuild, Inc, the largest AIM IPO since 2018 and the largest North American IPO on AIM.
  • Advised longstanding AIM-listed client 4D pharma plc, a pharmaceuticals company leading the development of live biotherapeutic products, on its acquisition of Longevity Acquisition Corporation, a Special Purpose Acquisition Company listed on NASDAQ. 4D’s ordinary shares now trade on AIM and its American Depositary Shares trade on NASDAQ.
  • Advised Huntsworth plc, an international healthcare and communications group listed on the Main Market of the London Stock Exchange, in connection with the £524m recommended cash acquisition of Huntsworth by Clayton, Dubilier & Rice, one of the first UK public M&A transactions to attempt to address some of the practical concerns arising from Covid-19.

Travers Smith LLP

Travers Smith LLP has an outstanding track record in high-profile and high-value AIM, Main Market and SFM listings. Its team is also adept at handling cash placings, rights issuances, reverse takeovers, block trades and tender offers. The firm acts for more than 60 publicly listed companies (a number of which are on the FTSE 350 index) and it also advises a substantial client base of investment banks. In addition, the firm generates a strong flow of work from London-listed investment funds and their sponsors, and particularly stands out in transactions involving the technology, fintech, retail and renewable energy sectors. In a recent highlight, team head Andrew Gillen  led a group that advised Foresight Group on its £455m Main Market IPO. In 2020, Tom Coulter (who was recently promoted to partner) led advice to Peel Hunt as nominated adviser, broker and sole bookrunner on Inspec Group Plc’s £138m AIM IPO and £64m placing. Aaron StocksDan McNamee and Brent Sanders also recently handled the Main Market IPOs of Marwyn Acquisition Company I Limited, Marwyn Acquisition Company II Limited and Marwyn Acquisition Company III Limited. Adrian West and Richard Spedding are also recommended.

Responsables de la pratique:

Andrew Gillen

Autres avocats clés:

Adrian West; Richard Spedding; Dan McNamee; Aaron Stocks; Brent Sanders; Tom Coulter

Les références

Pragmatic advice on a very complex transaction, with 24/7 support. Excellent value.’

Commercial approach and partner involvement.

Dedication to the project, attention to detail and hard work.’

Commercial perspective to analysing issues.’

Proactivity and ability to think laterally.’

Principaux clients

Peel Hunt

Liberum Capital

Numis

HSBC

Shore Capital

Zeus Capital

Investec

finnCap

Marwyn

Hostelworld plc

Benchmark Holdings plc

MaxCyte Inc.

Serabi Gold

Distribution Finance Capital Holdings plc

Principaux dossiers

  • Advised Liberum as NOMAD and sole broker on the £110m AIM IPO of Virgin Wines UK Plc.
  • Advised Shore Capital and Corporate Limited and Shore Capital Stockbrokers Limited as bookrunner and financial adviser on the £103m IPO of Nippon Active Value Fund plc.
  • Advised Numis, HSBC and Barclays as joint underwriters on the £126.6m rights issuance by Hyve Group plc.

Ashurst

Ashurst's equity capital markets practice attracts work involving a number of key sectors, including the mining, oil and gas, healthcare, technology, real estate and real estate fund industries. Reflective of the firm's strong pedigree, it advises a wide variety of stakeholders on complex mandates, including issuers, shareholders, bulge-bracket investment banks and brokerage firms. In 2020, Simon Bullock, Stuart Rubin and others acted for Jefferies International Limited, Carnegie Investment Bank and DNB Markets as managers on a SEK300m equity fundraising by Swedish research-based pharmaceuticals company Camurus. In addition, Bullock and others advised National Express Group Plc on its £235m equity capital raising, and the firm has also seen a steady flow of IPO work. Jeffrey Johnson, who made partner in May 2021, has US securities law expertise, as does Rubin and Jennifer Schneck. Nicholas Holmes is another key figure in the team.

Responsables de la pratique:

Nicholas Holmes; Jennifer Schneck

Autres avocats clés:

Simon Bullock; Stuart Rubin; Jeffrey Johnson; Louise Chan

Les références

We always have very good experiences with Ashurst. They deliver real partner attention and have excellent, attentive and efficient associates.’

Nicholas Holmes is among my first calls when I have a difficult situation. He is a thought leader in the sector and understands the issues and the latest market practice.’

We mainly use Nicholas Holmes. Nicholas is an excellent lawyer and can be relied upon to give a robust view on tricky legal issues. He is always available for calls and visible on transactions.’

Principaux clients

Goldman Sachs

Morgan Stanley

Softcat

Jefferies

Barclays

Bank of America Merrill Lynch

Numis

EnQuest

Citi

Credit Suisse

Chesnara

Tritax EuroBox

Time Out Group

J.P. Morgan

Interserve

Peel Hunt

Deutsche Bank

Liberum

AVEVA

Lamprell

National Express Group

Stifel

Principaux dossiers

  • Advised Jefferies and Numis as joint global co-ordinators and bookrunners on the £450m IPO of Foresight Group Holdings Limited.
  • Advised Time Out Group plc on its £47m placing and open offer, £25m loan note restructuring and £20m debt refinancing.
  • Advising Numis on the £22m placing by Foxtons Group plc, which was effected by way of a cash box placing.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP notably distinguishes itself in equity capital markets transactions connected with the energy and natural resources, real estate and listed funds sectors. Benjamin Lee leads the team, which has extensive AIM and Main Market expertise, and is particularly highly sought after by dual-listed companies (including those listed in Canada and Australia). Other clients include investment banks and financial intermediaries. Ariel White-Tsimikalis joined from Davis Polk & Wardwell LLP in September 2020. Also of note are Alexander Keepin, Nicholas Myatt, counsel Brian Mulkerrins and senior associate Tom Bacon. In 2020, Keepin and Mulkerrins advised Trident Royalties Plc on its move from the Main Market to AIM. They also acted for Peel Hunt LLP, Cormark Securities Inc and Cantor Fitzgerald Canada Corporation as joint bookrunners to leading exploration company SolGold Plc on its £26.1m underwritten placing.

Responsables de la pratique:

Benjamin Lee

Autres avocats clés:

Alexander Keepin; Nicholas Myatt; Ariel White-Tsimikalis; Brian Mulkerrins; Tom Bacon

Les références

I was very pleased to see Ariel White-Tsimikalis join Bryan Cave Leighton Paisner. Her expertise in ECM, coupled with her pragmatic, commercial approach makes her a go-to partner of choice.’

BCLP has very strong mid-cap ECM practice, with a particular focus on Israeli businesses.’

‘I work principally with Alexander Keepin, who heads up their natural resources practice. He’s an exceptionally hands-on partner, at ease either working for the corporate or banks’ side.’

Highly knowledgeable and skilled at implementation.’

Alexander Keepin and Brian Mulkerrins are highly engaged and supportive.’

Principaux clients

Wheaton Precious Metals

Resolute Mining Limited

Pensana Rare Earths plc

Petropavlovsk PLC

Raven Property Group

Berkley Energia

Prairie Mining

Liberum Capital

Numis Securities Limited

Pantheon Resources

Peel Hunt

Trident Royalties

Stifel Nicolaus Europe

Ncondezi Energy

FRP Advisory

Kape Technologies

Secure Income REIT

Principaux dossiers

  • Advised Wheaton Precious Metals on its £18bn admission to the Main Market of the London Stock Exchange and the Official List of the FCA (Standard Segment).
  • Advised the family trusts of high-profile business individuals in connection with the sale of two tranches of a 26.3% interest in Shaftesbury plc to Capital & Counties Properties plc (Capco) for £436m.
  • Advised Raven Property Group on the re-designation of all of its convertible preference shares into new ordinary shares and new preference shares.

DLA Piper

DLA Piper strengthened its ranks in 2020 by hiring corporate partner Jonathan Earle (who has significant experience in acting for public companies) and New York-qualified counsel John Stone from Gibson, Dunn & Crutcher and Linklaters LLP respectively; Robert Newman also made partner. The EMEA capital markets practice is led by Alex Tamlyn, who has more than 30 years of experience in acting for clients on domestic and cross-border securities offerings and is Chair of the London Stock Exchange Primary Markets Group. The broader team handles a myriad of complex matters, including AIM and Main Market IPOs, rights, issuances and block trades. In addition, public M&A and demergers are other drivers of work. Recent highlights included Tamlyn, Martin Penn and recently promoted legal director Karin Kirschner advising Mothercare on its move from the Main Market of the London Stock Exchange to AIM; the team also assisted Learning Technologies Group Plc with an £81.8m equity placing.

Responsables de la pratique:

Alex Tamlyn

Autres avocats clés:

Martin Penn; Charles Severs; Robert Newman; Karin Kirschner; John Stone; Johannes Poon; Jonathan Earle

Les références

The access to highly experienced partners who can construct wider teams suited to our business.’

The outstanding knowledge and experience of the senior partner on our account, bringing unique approaches which played a very key part in a successful transaction being achieved.’

Flexibility around our ever changing timetables.’

Karin Kirschner in particular is an absolute star. She understands our business and it felt as if she was an extension to us during the transaction, engaging with various stakeholders whilst emitting the softer skills to us as a client.’

Principaux clients

Accesso Technology Group plc

Allied Minds plc

Aptitude Software Group plc

Canaccord Genuity Limited

Chamberlin plc

Clinigen Group plc

CVS Group plc

Dechra Pharmaceuticals plc

Dignity Funerals plc

Hutchison China Meditech

Hyve Group plc

John Menzies plc

Knights Group Holdings plc

Learning Technologies Group plc

Medica Group plc

Mothercare plc

N+1 Singer Capital Markets Limited

Numis Securities Limited

Peel Hunt LLP

PureTech Health plc

RPS Group plc

Scapa Group plc

Staffline Group plc

Principaux dossiers

  • Advised Hyve Group plc on its £126.6m rights issuance in response to the Covid-19 pandemic.
  • Advised Mothercare on its transfer from the Main Market to AIM.
  • Advised RPS Group plc on its accelerated bookbuild cashbox placing and subscription of new ordinary shares.

Eversheds Sutherland (International) LLP

Eversheds Sutherland (International) LLP acts for a significant number of companies listed on AIM and the Main Market, and its client roster also includes many prominent brokers and NOMADs, UK investment trusts and Channel Islands-registered investment companies. Stephen Nash leads the equity capital markets department, which handles IPOs, secondary offerings and reverse takeovers. Elsewhere, the firm excels in public and private M&A work. Richard Moulton is also recommended.

Responsables de la pratique:

Stephen Nash

Autres avocats clés:

Richard Moulton

Fieldfisher

Fieldfisher's highly-respected team has a wealth of expertise in equity capital markets work and related corporate transactions spanning the energy and natural resources, life sciences and healthcare, oil and gas, mining and metals, technology and financial services sectors. In 2020, it acted for more than 40 AIM-listed companies and 20 NOMADs and brokers. Reflective of the firm's strong pipeline of work, it handled more than 75 equity capital markets transactions for clients. Highlights included Edward Westhead advising finnCap on Gemsfields Group's AIM admission, the first admission to AIM of a mining company in 2020. In addition, George Cotter acted for AIM-listed company Access Intelligence Plc on a £10m secondary fundraise. Neil Matthews leads the group, which also includes Anthony Brockbank, Jonathan Brooks, David Bowcock and Brad Isaac.

Responsables de la pratique:

Neil Matthews

Autres avocats clés:

Anthony Brockbank; Jonathan Brooks; David Bowcock; George Cotter; Dominic Gurney-Champion; Brad Isaac; Christine Phillips; Edward Westhead

Les références

Excellent engagement from the principal transaction partner throughout the firm.’

The FF ECM team is extremely capable and knowledgeable. They have a very good grasp of the underlying law but are able to apply that in a sensible and pragmatic manner.’

Brad Isaac, George Cotter and Dominic Gurney-Champion are extremely approachable and highly skilled lawyers.’

Principaux clients

Abingdon Health PLC

Access Intelligence PLC

ADVFN PLC

Amur Minerals Corporation

Ascent Resources PLC

Atalaya Mining PLC

Beowulf Mining PLC

Best of the Best PLC

Byotrol PLC

Central Asia Metals PLC

Checkit PLC

Cornish Metals Inc.

Craven House Capital PLC

Echo Energy PLC

eEnergy Group PLC

EQTEC PLC

GlobalData PLC

Great Western Mining Corporation PLC

Gusbourne PLC

Haydale Graphene Industries PLC

Hurricane Energy PLC

Independent Oil and Gas PLC

Infrastrata PLC

InnovaDerma PLC

Inspiration Healthcare Group PLC

Itaconix PLC

Jaywing PLC

Kodal Minerals PLC

KRM22 PLC

Live Company Group PLC

Marlowe PLC

Nu-Oil and Gas PLC

Online Blockchain PLC

Pires Investments PLC

President Energy PLC

Property Franchise Group (The ) PLC

Restore PLC

San Leon Energy PLC

Savannah Resources PLC

Seeing Machines Ltd

SigmaRoc PLC

Sound Energy PLC

Synairgen PLC

Tristel PLC

Velocity Composites PLC

Versarien PLC

Wynnstay Properties PLC

Allenby Capital

Canaccord Genuity

Cantor Fitzgerald

Cenkos Securities

Cormark Securities Inc.

Dowgate Capital

finnCap

Grant Thornton

Joh. Berenberg, Gossler & Co. KG

Liberum Capital Limited

Mirabaud Securities Limited (now Tennyson)

Nplus1 Singer

Numis Securities Limited

Panmure Gordon (UK) Limited

Shore Capital

SP Angel Corporate Finance LLP

Stifel Nicolaus Europe Limited

Strand Hanson Limited

Tamesis Partners LLP

WH Ireland

Zeus Capital Limited

Principaux dossiers

  • Advising Synairgen plc on its £87m secondary fundraising in the UK and the US – the largest public fundraising in the UK biotech sector for many years.
  • Advising Inspiration Healthcare Group plc, a global medical technology company on its acquisition of S.L.E. Limited, for £18m.
  • Advising TSX-V-listed Cornish Metals Inc. on an oversubscribed £8.2m equity fundraising from UK investors, a refinancing of a loan from Osisko Gold Royalties and its admission to trading on London’s AIM market.

Gowling WLG

Gowling WLG's capital markets practice distinguishes itself with AIM and Main Market work and it is also well-known for its strengths in the listed funds arena. With the firm having a significant Canadian capital markets capability, it is a particularly strong choice for dual-listings. The client roster includes more than 86 public companies (40 of which are listed on AIM), as well as NOMADs and brokers. Charles Bond leads the team, which ranks highly in the market for work from FTSE AIM 50 and FTSE AIM 100 companies. Bond is well-known for his experience of mandates connected with the mining and natural resources sector, while Hugh Maule's expertise spans the healthcare, renewable energy, technology and support services industries. Also recommended is recently promoted partner Samantha Myers, who is the head of the firm's UK cannabis group. In 2020, highlights included Bond and Sue Johnston advising Strand Hanson, Pareto Securities, Numis Securities and GMP First Energy on a $14.1m placing by Canadian company PetroTal Corporation. In addition, Kristian Rogers assisted closed-ended listed fund Urban Logistics REIT Plc with two fundraises that collectively raised £228m.

Responsables de la pratique:

Charles Bond

Autres avocats clés:

Hugh Maule; Sue Johnston; Alex Davidson; Kristian Rogers; Samantha Myers

Principaux clients

Codemasters Group Holdings plc

Revolution Bars Group plc

Urban Logistics REIT plc

Draper Esprit plc

Phoenix Copper Limited

Bacanora Lithium plc

Bushveld Minerals Limited

AfriTin Mining Limited

Cenkos Securities plc

H&T Group plc

Shore Capital and Corporate Limited

Hummingbird Resources plc

Strand Hanson / Pareto Securities / Numis Securities / GMP First Energy

MD Barnard & Company Limited (t/a Oberon Investments)

WH Ireland

Principaux dossiers

  • Advised Revolution Bars Group plc – the leading UK operator of 74 premium brands, trading under ‘Revolution’ and ‘Revolution de Cuba’ – on its £15m equity fundraising and transfer from the FCA’s Official List (premium segment) and London Stock Exchange’s Main Market on to AIM.
  • Advised leading UK video games maker Codemasters Group Holdings plc on a recommended cash and share takeover offer from Take-Two Interactive Software, Inc., the NASDAQ-listed US games publisher based in New York, and its subsequent recommended cash takeover offer from Electronic Arts, Inc.
  • Advised Bushveld, the AIM quoted, integrated primary vanadium producer and energy storage provider, on a $65m secondary financing which included a $35m loan note convertible into Bushveld ordinary shares and a $30m production financing agreement, each with Orion Mine Finance, a mining-focused investment business.

Osborne Clarke LLP

Osborne Clarke LLP has maintained a strong offering in high-profile IPOs, secondary equity offerings and public M&A, under the leadership of Jonathan King. Highlights included King, senior associate Ed Nisbet and others advising Elixirr International plc on its £100m AIM IPO and associated £20m placing. The team also acted for Cenkos Securities and Investec Bank as joint brokers and joint bookrunners to AIM-quoted Eddie Stobart Logistics Plc on its £16m placing and open offer, conversion to an investing company and re-admission to AIM. Mark Wesker and Rebecca Gordon are also recommended for their extensive equity capital markets experience.

Responsables de la pratique:

Jonathan King

Autres avocats clés:

Mark Wesker; Rebecca Gordon; Ed Nisbet

Les références

‘Concise advice. Personal as well.’

‘Jon King is an excellent, experienced, and highly practical lawyer. Straightforward, correct advice. Has seen and experienced almost every twist and turn of small-midcap ECM/M&A advice.’

‘Highly engaged and experienced team. Proactively engage in transactions and take the lead to get things done. Advice always designed to strike the right balance.’

‘Always readily available and responsive. Commercial and balanced advice borne of many transactions and acting for a variety of clients. Results in quick resolution of issues.’

Principaux clients

Investec Bank plc

Liberum Capital Limited

Raymond James International Limited

Cenkos Securities plc

essensys plc

Elixirr International plc

Invinity Energy Systems plc

In The Style Group plc

Creo Medical Group plc

Peel Hunt LLP

TalkTalk Telecom Group PLC

Principaux dossiers

  • Advising In The Style Group plc on its £105m AIM IPO and associated £60m placing.
  • Advising Investec Bank plc on its capacity as nominated adviser, sole broker and sole bookrunner to AIM quoted Blue Prism on its £100m cashbox placing.
  • Advising TalkTalk Telecom Group Plc on its recommended takeover by Tosca IOM Limited, a company formed at the direction of Toscafund Asset Management LLP and Penta Capital LLP.

Stephenson Harwood

Tom Nicholls leads the team at Stephenson Harwood, which has acted in many high-profile AIM IPOs, secondary fundraises and public takeovers. It attracts a loyal client following among corporate issuers, sponsors, NOMADs and brokers. Highlights in 2020 included Anthony Clare leading advice to E-Therapeutics Plc on a £12.4m placing. Elsewhere, the group is particularly noted for its strengths in the listed funds space, as evidenced by the fact that it acted on four of the eight fund IPOs that occurred in 2020. William Saunders and others acted for Home REIT Plc on its £240.5m IPO on the London Stock Exchange, which was the biggest listed fund IPO of 2020. Tom Page, David Dowding, Alex Haynes and Elizabeth Field are also recommended.

Responsables de la pratique:

Tom Nicholls

Autres avocats clés:

Tom Page; David Dowding; Anthony Clare; William Saunders; Alex Haynes; Elizabeth Field

Les références

The Stephenson Harwood team are very strong in their field and knowledgeable. They are pragmatic, commercial and helpful.’

Tom Page and Tom Nicholls are both very strong.’

Tom Nicholls is the stand out partner for both M&A and ECM, with a very calm considered approach and an ability to always focus on the long game. Engenders trust quickly with clients and always delivers an excellent team.’

Very capable and personable, and work well within a larger team.’

Tom Page is always a pleasure to work with and can be relied upon to give excellent balanced advice.’

Principaux clients

Aberdeen UK Tracker Trust

Acacia Pharma Group plc

Acorn Income Fund Limited

Akur Limited

Allianz Global Investors GmbH

Allianz Technology Trust PLC

Alternative Asset Opportunities PCC Limited

Alternative Credit Investments plc

Alternative Liquidity Fund Limited

Alvarium RE Limited

APQ Global

Arden Partners plc

Aseana Properties Limited

Ashoka India Equity Investment Trust plc

Atlantis Japan Growth Fund Limited

Augmentum Capital LLP

Augmentum Fintech plc

AVI Japan Opportunity Trust plc

BB Healthcare Trust plc

Big Society Capital Limited

BDO LLP

Berenberg

BlackRock Income & Growth Investment Trust plc

BlackRock Throgmorton Trust plc

Camper & Nicholsons Marina Investments Limited

Canaccord Genuity Limited

Cantor Fitzgerald Europe

CC Japan Income & Growth Trust plc

Cenkos Securities plc

City of London Investment Trust plc

Coupland Cardiff Asset Management

Dragon Capital Limited

Draper Esprit VCT plc

easyHotel plc

Eighteen East Capital Limited

E-Therapeutics Plc

European Opportunities Trust plc

European Real Estate Investment Trust Limited

Fair Oaks Income Limited

finnCap Limited

Focusrite plc

GCP Infrastructure Investments Limited

Geiger Counter Limited

GLI Finance Limited

Gore Street Capital Limited

Gore Street Energy Storage Fund plc

Gravis Capital Management Limited

Grit Real Estate Income Group Limited

Gulf Investment Fund plc

Henderson Global Trust plc

Henderson International Income Trust Fund

Henderson Value Trust

Home REIT plc

Hotel Chocolat plc

Impax Asset Management Group plc

Invesco Fund Managers Limited

Investec Bank plc

Jefferies International Limited

J.P. Morgan Cazenove

Jupiter Emerging & Frontier Trust plc

Jupiter UK Growth Investment Trust PLC

Jupiter Green Investment Trust plc

Liberum Capital Limited

Lowland Investment Company plc

LXI REIT plc

Kudu Investment Management, LLC

Landore Resources Limited

Manchester & London Investment Trust plc

Mobius Capital Partners LLP

Mobius Investment Trust plc

NetScientific plc

Nichols plc

Novacyt SA

Nplus1 Singer

Numis Securities

Oakley Capital Investments Limited

Oncimmune Ltd

Panmure Gordon (UK) Limited

Peel Hunt LLP

PMM Partners

Premier Miton Global Renewables Trust plc

Premier Miton Investors

Qatar Investment Fund plc

Scape Living plc

Scape Student Living Limited

Schroder British Opportunities Trust plc

Schroder BSC Social Impact Trust plc

Schroder Investment Management Limited

Schroder Real Estate Investment Management Limited

Schroder UK Public Private Trust plc

Shield Therapeutics plc

Shore Capital and Corporate Limited

Stifel Nicolaus Europe Limited

Stockdale Securities Limited

Strand Hanson Limited

Strategic Equity Capital Plc

Sturgeon Capital Limited

The Bauhaus Investment Trust Plc

The Bankers Investment Trust Plc

The Brunner Investment Trust Plc

The Diverse Income Trust Plc

The Merchants Trust Plc

Victory Park Capital Advisers

Vietnam Enterprise Investments Limited

Vietnam Holding Limited

Whiteoak Capital Group

Principaux dossiers

  • Advised Liberum as sole bookrunner in relation to a placing and open offer conducted by Time Out Group plc to raise approximately £45m and £4m respectively, raising a total of £49m.
  • Advised longstanding client Acacia Pharma as issuer’s UK counsel on all aspects of its €27m fundraising in February 2021 and a €25m raise in August 2020.
  • Advised UK asset manager Schroders and its joint venture partner Big Society Capital (BSC) on the launch of Schroder BSC Social Impact Trust plc, the UK’s first social impact investment trust.

Bird & Bird LLP

Bird & Bird LLP covers the entire ambit of AIM and Main Market equity capital markets transactions for corporate issuers, financial advisers and investment banks. Led by Clive Hopewell, the team works with practitioners from across the firm's international network to handle cross-border mandates, and is also highly active in domestic matters. Its sector expertise spans the energy and utilities, technology, financial services, life sciences and healthcare industries. Hopewell led the advice to Alpha FX Group Plc on a £20m fundraise by way of an accelerated bookbuild in 2020. Other notable individuals include Adam Carling, Simon Allport and Simon Fielder.

Responsables de la pratique:

Clive Hopewell

Autres avocats clés:

Simon Allport; Adam Carling; Simon Fielder; Geraint Lloyd; Nicholas Heap

Les références

Commercial and results focused with good partner involvement and a lot of experience.’

Clive Hopewell and Adam Carling. Both provide really good commercial and technical legal advice and understand the specific risks on ECM transactions and those relating to natural resources companies.’

Highly professional team, always available, very well-qualified team, hard working associates and smart partners. Also nice people to boot.

Good, clear advice, always helpful, always in control of the process.’

Dedicated, extremely hard working and knowledgeable team.’

Principaux clients

Albion Development VCT PLC

Alpha FX Group plc

Asiamet Resources Limited

Canaccord Genuity Limited

Dignity

DP Poland Plc

Gamma Communication

Hannam & Partners

Joh Berenberg Gossler & Co KG

Jangada Mines plc

Liberum Capital Limited

Mothercare

Panmure Gordon

S P Angel Corporate Finance LLP

Tekcapital plc

Tirupati

TMI Associates

Westminster Group PLC

WH Ireland Limited

Principaux dossiers

  • Advised DP Poland plc, the operator of Domino’s Pizza brand and stores in Poland, on its £29.5m acquisition of Dominium S.A., a Polish based pizza restaurant chain, together with an associated £5.2m fundraising and re-admission of the enlarged group to trading on AIM.
  • Advised Liberum as broker and NOMAD on the £15m AIM fundraising and acquisition for Hornby PLC. Also, acting for Liberum and Peel Hunt on a placing for SigmaRoc plc, for an enterprise value of €81.3m.
  • Advised Joh. Berenberg Gossler & Co KG, London branch and Grant Thornton UK LLP on the successful IPO of Supreme plc, the Manchester-based leading manufacturer, supplier and brand owner of fast-moving consumer products.

Charles Russell Speechlys LLP

Charles Russell Speechlys LLP's recent work spanned the mining, technology, telecoms, financial services and energy sectors. The practice is led by Andrew Collins, who has a strong track record in handling the listing of foreign companies in London. The team also includes Paul Arathoon, who recently led advice to Tamesis Partners LLP, Ashanti Capital Pty Ltd and Shard Capital Partners LLP as joint brokers to Trident Royalties plc on a £20.2m placing and subscription for new ordinary shares. Senior associate Tom Smitham is another notable individual.

Responsables de la pratique:

Andrew Collins

Autres avocats clés:

Victoria Younghusband; Mark Howard; Paul Arathoon; Tom Smitham

Les références

The team has a good knowledge and experience in this sector of the market and able to give effective and actionable advice on issues that are discrete to small cap companies such as ourselves. We have worked with the team for 15 years and have seen it mature into an excellent practice.’

Paul’s pragmatic and commercial approach enables him to move deftly through deal issues without jeopardising transaction timetables.’

Personal attention at partner level. Rapid response and turnaround.’

Excellent service from Mark Howard.’

I have worked closely with Paul Arathoon and found him to be calm, efficient and extremely reliable. I have found Paul to be incredibly responsive and very quick to grasp the nature of the job at hand.’

I really enjoy working with Victoria Younghusband. She is intelligent and empathetic and able to see problems from her clients’ perspective.’

The team assigned to our company has had excellent understanding of plc business. They were also very efficient and quick. The turnaround time of assignments was very short.’

Principaux clients

Oracle Power

HeiQ Materials

CYBA

7digitial Group

Ergomed

1Spatial

Europa Oil & Gas

The Biotech Growth Trust

India Capital Growth Fund

Predator Oil & Gas

Transense Technologies

LiDCO Group

Dukemount Capital

Principaux dossiers

  • Advised the selling shareholders of HeiQ Materials AG on its reverse takeover by Main Market listed Auctus Growth plc.
  • Advised AIM-listed international power and natural resource project developer Oracle Power plc on its placing and subscription deed with a total value of £46.5m.
  • Advised Ergomed on a court approved reduction of its share premium account and merger reserve in order to reduce its retained deficit and to create distributable reserves.

Dechert LLP

Dechert LLP's team is highly active in transactions spanning a number of key markets, including London, New York and Paris; it is also notably strong in deals connected with North Africa and the Middle East, particularly Lebanon and Egypt. Patrick Lyons and Sean Geraghty co-head the group in London, which delivers US and UK securities law advice. The life sciences sector is a key area of strength for the firm, as was evidenced in 2020, when Lyons worked with members of the Paris office to assist gene therapy platform company Lysogene with a €7.7m capital increase. Jennifer Rees made partner.

Responsables de la pratique:

Patrick Lyons; Sean Geraghty

Autres avocats clés:

Jennifer Rees; Amy Rees

Les références

Dechert is able to provide a comprehensive skillset in equity capital markets across geographies. Dechert are able to effectively lead and solve issues from the top (strategic decisions) to the bottom (transaction details execution). They absolutely behave like they are company team members, internally as well as externally.’

Very knowledgeable team with a strong cross border practice. Strong ability to assist companies both on European and US markets.’

Patrick Lyons is an amazing professional. He is quick, always available and business-oriented.’

Principaux clients

Abivax

Canaccord Genuity Limited

Investec Bank plc

Lysogene

MedinCell

Numis Securities Limited

Citigroup Global Markets Limited

Tiziana Life Sciences Plc

Oxford BioDynamics Plc

Edward Le Bas Properties Limited

Principaux dossiers

  • Advised Numis and Citi as joint bookrunners on a £100m equity fundraise for Keywords Studios Plc.
  • Advised Poxel S.A. in connection with its €17.7m capital increase by way of a private placement.
  • Advised MedinCell, a technology-based pharmaceuticals company specialising in the development of injectable therapeutic products, listed on Euronext Paris, in connection with its €15.6m capital increase.

Dentons

Dentons is well-placed to handle an array of domestic and cross-border equity capital markets transactions, with its wide national reach being complemented by in-house US securities expertise and a far-reaching global presence. Key figures in the team include global equity capital markets head Nik Colbridge and Neil Nicholson, who leads the practice in the UK. The team is adept at handling small to mid-market IPOs and large international listings, as well as secondary offerings and public M&A. Clients include FTSE 250 companies and AIM-listed corporates, investment banks, NOMADs and brokers. In 2020, Cameron Half led advice to VGP NV on a €200m Rule 144A/Regulation S placement via an accelerated bookbuild offering to institutional investors, as well as a separate €109.18m Rule 144A/Regulation S placement of its existing ordinary shares held by its Belgian subsidiary. In another matter, Nicholson and senior associate Verity Kent acted for Science in Sport on its £4.5m share placing on the AIM market.

Responsables de la pratique:

Neil Nicholson

Autres avocats clés:

David Collins; Brian Moore; Verity Kent; Cameron Half; Nik Colbridge

Les références

The team were highly flexible and able to adapt to a changing deal structure without any issues. The team were attentive and always available to assist where necessary.’

Verity Kent and Neil Nicholson were excellent to work with. Easy to have a sensible conversation with on the best way forward for the client and able to articulate the implications of legal advice or structuring clearly and concisely.’

All members of the team are very helpful and have proven themselves competent.’

Neil Nicholson has proven extremely adept at locating the ‘right’ legal resource for whatever we require. The advice is always commercially sensible and he provides what is needed rather than everything under the sun.’

The team is very proactive and helpful. They have a strong knowledge of the law but the ability to apply that pragmatically to the circumstances.’

Neil Nicholson is very commercial and is very useful as a sounding board on a variety of different matters. Cameron Half is a very good US securities lawyer. Verity Kent is an extremely strong associate.’

Principaux clients

Science in Sport plc

Bonhill Group plc

RA International plc

Cenkos Securities plc

Informa plc

Bilby plc

Quiz plc

PRS REIT plc

Hurricane Energy plc

Menzies (John) plc

Stifel Nicolaus Europe

Canaccord Genuity

Principaux dossiers

  • Advising Cenkos in its role as NOMAD and broker to professional services firm, FRP Advisory Group, on its AIM IPO. This was the largest company to list on AIM in Q1 2020 based on market capitalisation.
  • Advised Arlington Group Asset Management Limited and Cenkos Securities plc as joint brokers on Auctus Growth PLC’s reverse takeover of HeiQ Materials AG and a concurrent equity fundraising on AIM.
  • Advised Canaccord Genuity as NOMAD, Sole Bookrunner and Broker on a £17.5m share placing via an accelerated book build for Everyman Media Group plc, the independent, premium cinema group, on the AIM market of the London Stock Exchange.

Dorsey & Whitney

Led by Kate FrancisDorsey & Whitney's team handles the full spread of domestic and cross-border equity capital markets mandates for mid-market investment banks, as well as AIM and Main Market-listed companies. The group is notably strong in mid-market equity transactions involving either a US issuer or US investors. In 2020, highlights included Mark Taylor and others acting for WH Ireland on a £3.5m placing of new shares by AIM-listed clean-tech company Verditek Plc. Elsewhere, the group's work spans the healthcare, gaming and financial services sectors. New York-qualified partner Brian Rosenau is another key individual.

Responsables de la pratique:

Kate Francis

Autres avocats clés:

Mark Taylor; Brian Rosenau

Les références

Kate Francis is an extremely proactive, quick thinking and commercial lawyer who is a delight to work with.’

Brian Rosenau is rare amongst US securities lawyers as he has a very good grasp of the UK markets and is very commercial and pragmatic.’

Principaux clients

Liberum Capital Limited

The Quarto Group Inc.

Watchstone Group plc

Investec Bank plc

Stifel Nicolaus Europe Limited

finnCap Limited

Canaccord Genuity Limited

Numis Securities Limited

Corero Network Security plc

Inland Homes plc

Microsaic Systems plc

WH Ireland Limited

Inland ZDP PLC (Standard List)

Principaux dossiers

  • Advised Numis and Canaccord as joint brokers on Velocys Plc’s institutional placing and offer to retail investors via Primary Bid.
  • Advised Inland Homes Plc on its institutional placing.
  • Advised Microsaic Systems Plc on its institutional placing.

Hill Dickinson LLP

Hill Dickinson LLP regularly advises on transactions with a cross-border component; the team fields practitioners who are dual-qualified in a range of jurisdictions including Argentina, India, South Africa and New Zealand. Led by Michael Bennett, the national team demonstrates strong capabilities in the entire suite of listings, equity fundraises and public company transactions. It has particularly significant expertise in the pharmaceuticals/life sciences, energy, natural resources and medical cannabis sectors. Reflective of the ongoing growth of the practice, Jack DelaneySam Hudson and Francois de Lange became legal directors in 2021; Melissa Campbell, who was promoted to senior associate in late 2020, is also recommended.

Responsables de la pratique:

Michael Bennett

Autres avocats clés:

Michael Corcoran; Jaspal Sekhon; Jonathan Morris; Shantanu Sinha; Jack Delaney; Francois de Lange; Sam Hudson; Melissa Campbell

Les références

We have used them to assist us with listing on Acquis and found their “can-do” attitude very refreshing. They were able to hand hold us through the process and conduct the necessary due diligence adroitly.’

The team I deal with are extremely reachable and reactive, and advice is always well thought out and practical. Response times are impressive and deadlines always met.’

I believe the individuals I deal with feel like an extension of my own team, they have a genuine interest in my business and understand our needs.’

Principaux clients

Emmerson Plc

Equatorial Palm Oil Plc

Sativa Group Plc

Kanbo Group plc

TruSpine Technologies Plc

Helium One Global Ltd

Reabold Resources Plc

Two Shields Investment Plc

The British Honey Company Plc

Vulcan Industries Plc

Block Energy Plc

Dekel Agri-Vision Plc

Agronomics Limited

Chesterfield Resources Plc

Cadence Minerals PLC

Principaux dossiers

  • Advised Sativa, the UK’s leading quoted CBD wellness and medicinal cannabis group, on a recommended share-for-share offer by Stillcanna Inc. The transaction represents the first public takeover of a UK company operating in the medical cannabis sector.
  • Advised Spinnaker Opportunities plc (now Kanabo Group Plc) on the reverse takeover of Kanabo Research Limited, a medical cannabis and wellness business headquartered in Tel Aviv and with operations in the UK and Germany.
  • Advised long-term client Johnson Service Group PLC, a leading UK textile services provider, on its share placing on AIM, raising £85m through an accelerated book-building process utilising a Jersey cashbox structure.

Hogan Lovells International LLP

Hogan Lovells International LLP‘s wide international coverage and in-house US securities law expertise ensures that it attracts a strong flow of work from global and mid-market investment banks, as well as issuers. Daniel Simons and Jonathan Baird are the key contacts in London. They handle a varied workload, including IPOs, secondary offerings, private placements and privatisations. In 2020, highlights included advising Mail.ru Group Limited on its issuance of $200m of global depositary receipts and its $400m unsecured convertible bond offering. In another matter, Simons led advice to Numis as sole bookrunner on a £10m equity placing by Nexus Infrastructure Plc. Baird has a specialism in investment fund and asset management matters. Raj Panasar left the firm.

Responsables de la pratique:

Daniel Simons; Jonathan Baird

Les références

Hogan Lovells’ corporate/equity capital markets team not only went the extra mile to pull together a long prospectus, which required a huge effort given the timetable, but provided advice and pragmatic solutions along the way. There were some extremely unusual aspects to the transaction, particularly towards the end, where Hogan Lovells rose to the challenge, dealing with multiple parties’ demands.’

Principaux clients

Numis Securities Limited

Liberum Capital Limited

PetroTal Corp.

Life Settlement Assets plc

Goldman Sachs

Berenberg

Jefferies

Panmure

Principaux dossiers

  • Advised Liberum Capital Limited and Goldman Sachs International on the £105m capital raising for Ted Baker.
  • Advised PetroTal Corp. on its £14.1m equity placing to institutional investors.
  • Advised Goldman Sachs, Berenberg, Stifel and Cenkos as joint bookrunners on Marlowe PLC’s £100m equity placing.

K&L Gates LLP

K&L Gates LLP excels in advising US and Australian companies on listings on AIM, as well as handling dual listings; it also assists UK-based companies with listings on international stock exchanges, and handles work for NOMADs and brokers. The firm is sought after in transactions involving particularly intricate structures, and complex international tax and securities issues. Group head Paul Tetlow and James Green are notably experienced in matters involving the energy, infrastructure and natural resources sectors. The firm also undertakes work connected with other industries; in one example, Green acted for finnCap (as NOMAD and joint broker) and Canaccord Genuity (as joint broker) on a £48.7m fundraise by information management software supplier Ideagen Plc in 2020.

Responsables de la pratique:

Paul Tetlow

Autres avocats clés:

James Green; Tom Wallace; Rob Boughey

Les références

K&L Gates are different because of their understanding of the sectors I work in, which ranges from international E&P to the newly emerging cannabis and hemp sector. Where they also really stand out is the quality of their networks and their willingness to put clients together who may mutually benefit.’

A partner-led offering where it feels that they personally care about helping on the particular matter.’

Paul Tetlow and James Green have provided considerable high quality support and advice. They know our organisation very well and care about the outcome, this enables them to be the trusted advisers.’

Principaux clients

AEX Gold Inc

Fonix Mobile PLC

Longboat Energy PLC

CML Microsystems PLC

Deltic Energy PLC

N+1 Singer

Stifel Nicolaus Europe Limited

Panmure Gordon (UK) Limited

Peel Hunt LLP

finnCap Limited

Canaccord Genuity Limited

Numis Securities

Principaux dossiers

  • Advised AEX Gold, Inc., a gold mining company with assets in Greenland, on its dual listing on the AIM Market of the London Stock Exchange and a related fundraising of £42.5m through a placing and subscription of shares with new and existing investors.
  • Acted for Fonix Mobile plc on its AIM admission and associated £45m secondary placing of existing shares.
  • Advised Panmure Gordon, as NOMAD and broker, on the AIM admission of Kooth PLC (a leading provider of online mental health services), a £16m placing of new shares issued by the company and a £10m placing of existing shares sold byRoot Capital Fund II L.P.

Macfarlanes LLP

Robert Boyle and Richard Burrows jointly lead Macfarlanes LLP's capital markets practice, which is supplemented by the firm's strengths in M&A, tax and regulatory work. With international capital markets transactions forming the bulk of the workload, the team acts for a mix of issuers, sponsors, management teams and owner managers. Harry CoghillTom Rose and senior counsel Mark Slade are other key practitioners.

Responsables de la pratique:

Robert Boyle; Richard Burrows

Autres avocats clés:

Harry Coghill; Tom Rose; Mark Slade

Les références

High quality individuals, very responsive and proactive.’

Robert Boyle – top M&A and equity capital markets partner. Mark Slade – very able all-round senior associate handling all aspects of a transaction.’

Principaux clients

Inspecs Group Plc

J.D. Wetherspoon

Moulton Goodies Limited

Supermarket Income REIT Plc

Nerano Pharma

Alchemy

DC Thomson & Company Limited and related parties

Queen’s Road Capital Limited

Family Office of Lord Alliance of Manchester CBE

Principaux dossiers

  • Acted for Inspecs on its IPO on LSE’s AIM market. The firm also advised Inspecs on a £64m placing to fund the transformational acquisition of Eschenbach.
  • Acted for Supermarket Income REIT on a placing to raise £140m as part of a placing programme, using a supplementary prospectus, then another placing and offer for subscription raising £200m and establishment of a placing programme (prospectus).
  • Acted for JD Wetherspoon Plc on two separate equity raises, including a successful £141m equity raise in April 2020 and a subsequent successful £93m equity raise in January 2021.

Mayer Brown International LLP

Mayer Brown International LLP's team in London is well-versed in the English and US securities law aspects of IPOs and secondary offerings, as well as public company transactions that trigger regulatory notifications and other corporate work. The group includes Robert Flanigan, who has 20 years of experience undertaking equity capital markets transactions in the UK and across the EMEA region. In 2020, he acted for Banco Santander and CaixaBank as the joint global coordinators on the IPO of Soltec Power Holdings on the Spanish stock exchanges through a Rule 144A/Regulation S offering. Other notable individuals include Robert Hamill, Rebecca Bothamley and senior associate Harriet Hainsworth, who advised Velocys Plc on a £20m equity fundraise. Beyond the energy sector, Hamill is also active in equity offerings involving the mining, TMT, industrials and petrochemicals sectors, while Colin Scagell specialises in listings, secondary offerings and takeovers in the insurance sector. Kate Ball-Dodd is another name to note.

Responsables de la pratique:

Kate Ball-Dodd; Robert Flanigan

Autres avocats clés:

Robert Hamill; Colin Scagell; Richard Smith; Rebecca Bothamley; Harriet Hainsworth

Les références

‘Rob Flanigan has a deep understanding of the Spanish market and a real appreciation of Spanish law issues. I rely on his experience to resolve complicated cross-border issues. He is my first choice for US and English advice on capital markets deals.’

‘This team provide a first-rate client service. They are a pleasure to work with.’

‘Kate Ball-Dodd is an outstanding ECM lawyer. She provides clear technical advice with extremely helpful commercial insight.’

Principaux clients

Investec Bank plc

Liberbank, S.A.

Numis Securities Limited

Peel Hunt LLP

Velocys plc

Metrovacesa, S.A.

St Modwen Properties plc

Helical plc

Promotora de Informaciones, S.A.

GW Pharmaceuticals

Principaux dossiers

  • Acting for Investec and Peel Hunt as joint brokers in connection with a £465m placing by Main Market-listed issuer JD Sports Fashion plc, conducted through an accelerated bookbuild process.
  • Advising Banco Santander and CaixaBank as joint global coordinators on the IPO of Soltec Power Holdings on the Spanish stock exchanges through a Rule 144A/Regulation S offering, the first IPO in Spain since 2018.
  • Advising Beazley plc on its $300m accelerated bookbuild placing via a cash box.

Memery Crystal (part of RBG Legal Services)

Memery Crystal LLP is a major player in high-profile AIM and Main Market transactions. The highly-rated practice is led by Nick Davis, who has over 25 years of equity capital markets experience. In addition to undertaking work for UK-based companies, the firm also acts for corporates in the US, Canada, South Africa and Australia; it also has strong relationships with a number of key NOMAD and broker clients. Davis and Michael Dawes co-head the firm's offering in the natural resources sector, which has been a key area of growth; Kieran Stone is also active in this space. Elsewhere, the firm's work spans the healthcare, gaming and technology sectors. Davis and recently promoted partner Melanie Talbot acted for life sciences client Intuitive Investment Group on its AIM admission and £7.5m placing in 2020. Lesley Gregory, who is one of the few female chairs of a UK law firm, is another name to note.

Responsables de la pratique:

Nick Davis

Autres avocats clés:

Lesley Gregory; Michael Dawes; Kieran Stone; Melanie Talbot; Robert Black

Les références

Every member that we worked with at MC was very professional and we enjoyed working with them.’

The team at Memery Crystal is very professional, listens to what the client is saying and always brings solutions to problems.’

Lesley Gregory (the Chairperson) is an outstanding lawyer, as well as being committed to diversity, equality and inclusion. She is extremely responsive and proactive, and in particular, very commercial.’

The key members of the team went above and beyond to ensure all aspects of the transaction were done in a timely manner. Their client service was excellent.’

Michael Dawes was a stand-out contributor to the project. Calm under pressure. Realistic on deadlines and went the extra mile when needed. Good knowledge of UK capital markets.’

Principaux clients

Yamana Gold

Intuitive Investment Group

Capital Ltd

Shanta Gold

tinyBuild

MGC Pharmaceuticals

Strand Hanson

Zeus Capital

Taseko Mines

GAN Plc

88 Energy

Kore Potash

Intelligent Ultrasound

Pure Gold

MOD Resources

Valeura Energy

VAALCO

Tethyan Resources

Kropz

Danakali

Petra Diamonds

Principaux dossiers

  • Advised US-based leading video game developer and publisher tinyBuild on the admission of its shares to trading on AIM and £154.4m oversubscribed placing.
  • Advised ASX-listed MGC Pharmaceuticals on its UK Initial Public Offering, which was the UK’s first ever listing of a medicinal cannabis company on the Main Market of the London Stock Exchange.
  • Advised NYSE/TSX-listed Yamana Gold on the admission of its shares to trading on the standard segment of the London Stock Exchange.

Reed Smith LLP

Reed Smith LLP's team is equally strong at advising issuers and underwriters on complex equity capital markets transactions. Led by Delphine Currie, the group provides the full scope of advice on AIM and Main Market IPOs, fundraisings and public company transactions, as well as the associated regulatory issues. Currie works with James Wilkinson, Trish O’Donnell and associate Fiona McFarlane. Daniel Winterfeldt QC left the firm to move in-house.

Responsables de la pratique:

Delphine Currie

Autres avocats clés:

James Wilkinson; Trish O’Donnell; Fiona McFarlane

Les références

‘The team is partner-led, responsive and provides clear, concise advice.’

‘Delphine Currie has consistently provided practical, and commercially astute advice – not looking to over complicate matters and cutting to the core issues.’

‘We feel very supported by the team. They are able to turn around requests with short notice, working at all hours to ensure deadlines are met. We have access to a partner who always makes himself available.’

‘Fiona McFarlane – Fiona is enormously supportive whenever we need her. She is able to turn work around quicker than anyone else we have dealt with and is always able to access the required expertise from the wider team when required again, within a very short timeframe.’

Simmons & Simmons

Simmons & Simmons has a diverse practice, which handles matters ranging from large international fundraises to smaller domestic equity offerings. Led by Colin Bole, the practice particularly stands out for acting for bookrunners and sponsors on complex acquisition-related secondaries and equity re-financings by FTSE 250 listed corporate issuers. In 2020, the firm handled a notable volume of deals on the Main Market of the London Stock Exchange, with the majority involving FTSE 100 and FTSE 250 issuers. In one mandate, Bole and others advised Evercore Partners International LLP as sole sponsor on AstraZeneca’s $39bn Class 1 acquisition of Alexion Pharmaceuticals. Another key figure is Jamie Corner, who joined from Davis Polk & Wardwell LLP.

Responsables de la pratique:

Colin Bole

Autres avocats clés:

Jamie Corner; Andrea Tompkins; Thomas Burgoo

Les références

Colin Bole is approachable and accessible and provides a steady pair of hands on ECM transactions.’

Principaux clients

Future Plc

Liberum Capital Limited

Investec Bank Plc

HSBC Plc

N. M. Rothschild & Sons Limited

Diploma Plc

Liontrust Asset Management Plc

Evercore Partners International LLP

J.P. Morgan Securities Plc

Goldman Sachs International

UBS AG London Branch

Evercore Partners International LLP

M7 Real Estate Limited

Principaux dossiers

  • Advised a syndicate of underwriting banks including Investec, HSBC and Liberum, and Rothschild as listing rules sponsor, on the £100m firm placing, placing and open offer by Costain Group plc.
  • Advised FTSE 250 company Future plc on its £594m recommended Class 1 acquisition of GoCo Group Plc.
  • Advised FTSE 250 company Diploma plc on its £194m placing, subscription and retail offer to part finance its $465m acquisition of Windy City Wire Cable & Technology Products.

Armstrong Teasdale

US firm Armstrong Teasdale acquired Kerman & Co in February 2021 and therefore inherited its equity capital markets practice. Noted for its particular strength in undertaking issuer-side mandates, the group is highly active in AIM listings and secondary fundraises; it is also sought out for advice on Main Market and Aquis Growth Market IPOs and follow-on offerings and handles public M&A work. Joan Yu and Peter Kohl jointly lead the team, which is heavily involved in mandates connected with the energy and natural resources industries (particularly oil and gas and mining work). The technology, financial services and chemicals industries are among other areas of activity for the group.

Responsables de la pratique:

Joan Yu; Peter Kohl

Autres avocats clés:

Coral Yu

Les références

A great team – very responsive and commercial.’

Joan Yu – I00% reliable. Attentive, commercial and gets things done.’

Principaux clients

Applegreen Plc

Baron Oil Plc

Columbus Energy Resources Plc

Empyrean Energy Plc

Metals Exploration Plc

Pembridge Resources Plc

Rurelec Plc

United Oil & Gas Plc

Victoria Oil & Gas Plc

Samarkand Group Plc

Principaux dossiers

  • Advised AIM-listed Columbus Energy Resources PLC (Columbus), an oil and gas exploration and production company focused on onshore Trinidad and Suriname, on a £25m all-share merger with AIM-listed Bahamas Petroleum Company Plc (BPC) which was implemented by a Court-sanctioned scheme of arrangement (Scheme) under Part 26 of the Companies Act 2006.
  • Advised cross-border e-commerce technology and retail group Samarkand Group PLC on the admission of its ordinary shares to trading on the APEX segment of the Aquis Growth Market and its oversubscribed fundraising of £17m.
  • Acted for longstanding client Baron Oil Plc, the AIM-quoted oil and gas exploration company, on its fundraising of £3m to increase its interest in its Chuditch PSC project and to complete the Chuditch PSC work programme, to arrive at a drilling decision.

BDB Pitmans

Under the leadership of Philip LambBDB Pitmans' ECM practice has gone from strength to strength. The team is extremely active in AIM IPOs, secondary fundraises and reverse takeovers, acting for a roster of clients including a mix of listed and unlisted companies, as well as NOMADs and brokers. Nick McCarthy recently led the advice to SourceBio on its AIM IPO and associated placing. Another key figure is Oliver Pilkington, who acted for finnCap (as NOMAD and broker to K3 Capital Group plc) on a vendor placing, placing and Primary Bid offer and subscription to raise £30.5m for the company's proposed acquisition of randd UK Ltd. Senior associate Rebecca Motchman is another key individual.

Responsables de la pratique:

Philip Lamb

Autres avocats clés:

Nick McCarthy; Oliver Pilkington; Rebecca Motchman

Les références

‘The personal service and expertise together with a can-do attitude.’

‘Nick McCarthy is the lead partner and provides a first class service and his team provide great coverage as well.’

‘Superb client skills, very commercial and over all the detail and at a price point that is excellent value for money.’

Principaux clients

SourceBio International plc

Verici Dx plc

Auctus Growth plc (now HeiQ plc)

Contango Holdings PLC

Ten Entertainment Group plc

Frenkel Topping Group plc

EKF Diagnostics PLC

Immupharma plc

Circassia Group plc

Assetco plc

finnCap

Zeus Capital Markets

Canaccord Genuity

Arden Partners

N+1 Singer

WH Ireland

Brandon Hill Capital

Principaux dossiers

  • Advised SourceBio International plc on its AIM IPO with a market capitalisation at admission of £120m. The associated placing raised £35m from institutional investors.
  • Advised finnCap (as nominated adviser and broker to Fonix Mobile plc) on Fonix’s AIM IPO with a market capitalisation of £90m and raising, by way of a placing of existing shares, £45m for selling shareholders.
  • Advised Auctus Growth plc on its acquisition of HeiQ Materials AG (a reverse takeover under the Listing Rules) and associated fundraising in a transaction with a total value of £180m.

Burges Salmon LLP

Burges Salmon LLP has a strong profile among AIM-listed companies, NOMADs and brokers. With Nick Graves and Rupert Weston at the helm, the team handles IPOs, secondary fundraises, corporate transactions and the associated regulatory and compliance matters. The firm is notably prominent in the energy sector; in one highlight, a cross-practice group advised longstanding client Bluefield Solar (a UK-focused income fund listed on the London Stock Exchange that invests primarily in solar assets) on its acquisition of Bradenstoke Solar Park Limited.  Elsewhere, in the financial services arena, the firm acted for AIM-listed fintech company Nucleus Financial Group PLC on a £145m bid for the company by James Hay Holdings.

Responsables de la pratique:

Nick Graves; Rupert Weston

Autres avocats clés:

Chris Godfrey; Dominic Davis

Principaux clients

Gooch & Housego plc

ITM Power plc

Michelmersh Brick Holdings plc

Peel Hunt LLP

WH Ireland Limited

SciSys Group plc

Stockdale Securities

Premier Miton Group plc

FirstGroup plc

Bluefield Solar Income Fund Limited

Nucleus Financial Group plc

Principaux dossiers

  • Advised ITM Power in respect of a significant fundraising of £172m – the third largest fundraising on AIM in 2020.
  • Advised Nucleus Financial Group PLC, an AIM-quoted fintech provider of platform services to IFAs, on a £145m bid for the company.
  • Advised Peel Hunt LLP as broker on an accelerated bookbuild cash box placing for Van Elle Holdings plc, an AIM company.

Covington & Burling LLP

Covington & Burling LLP, which has a mix of US and English law-qualified practitioners in London, is notably strong in all aspects of equity capital markets work. The group demonstrates expertise in IPOs and other equity fundraises with a nexus to the financial services, clean energy, technology and life sciences sectors. In addition, it advises on corporate governance and other compliance-related issues. One of the names to note at the firm is Simon Amies, who has over 20 years of experience acting for clients on matters involving AIM, the Main Market, NASDAQ and the Euronext markets. Paul Claydon is another key figure in the team, which is led by Gregor Frizzell.

Responsables de la pratique:

Gregor Frizzell

Autres avocats clés:

Simon Amies; Paul Claydon

Les références

Paul Claydon is incredibly experienced and well respected by all advisers and professionals in the industry.’

Very competent, legally and tactically astute team, with good commercial knowledge and advice.’

Covington & Burling respond quickly, accurately and in a cost-efficient manner, putting the relevant people on the job immediately and making sure the right answer is delivered on time.’

The practice prides itself on providing pragmatic business focused legal advice.’

Paul Claydon is joy to work with – he is the best client partner I have had at any firm. Even when not handling matters personally he maintains a detailed awareness of the matter, proactively raising issues ahead of time.’

Principaux clients

Allergy Therapeutics plc

Canaccord

Cantor Fitzgerald & Co.

Cenkos Securities plc

Destiny Pharma plc

Ergomed plc

Peel Hunt LLP

Redx Pharma plc

ReNeuron Group plc

Sensyne Health plc

Principaux dossiers

  • Advised Sensyne Health plc, a clinical artificial intelligence company, on a £27.5m equity fundraising.
  • Advised Redx Pharma plc on a £25.6m follow-on financing.
  • Advising Peel Hunt LLP (as NOMAD and Joint Bookrunner) and finnCap Ltd (as Joint Bookrunner) on a £29.2m follow-on financing by Shield Therapeutics plc.

DAC Beachcroft LLP

DAC Beachcroft LLP acts for a variety of UK-listed companies and its client roster includes a sizeable number of NOMADs, merchant banks and financial advisers. The firm has a national equity capital markets practice that is highly active in the technology, real estate, financial services and health industries. In addition to undertaking domestic mandates, it is increasingly seen in transactions with a cross-border dimension. In 2020, Jonathan Deverill led advice to Open Orphan Plc on its £12m fundraising by way of a placing and subscription. Consultant Clive Garston has over 30 years of capital markets experience, and Matthew Darling is the head of the London practice.

Responsables de la pratique:

Matthew Darling

Autres avocats clés:

Jonathan Deverill; Clive Garston; Michelle Jones

Les références

‘Very strong in the cannabis and CBD sector as well as excellent small-cap corporate department.’

‘Jonathan Deverill – thorough, commercial, highly responsive.’

‘The people are key. Clive Garston is a trusted adviser.’

‘Matthew Darling – Excellent lead partner, in terms of experience, knowledge, getting work done and taking on board feedback.’

‘Jonathan Deverill is an excellent corporate lawyer who has gone above and beyond to help me successfully execute our projects and therefore grow my business. Him and his team have often worked over weekends for me in order to complete our projects in a timely manner.’

Principaux clients

Viaro Energy Limited

Castleton Technology plc

NQ Minerals plc

Diaceutics plc

Hawkwing plc

Shore Capital and Corporate Limited, Shore Capital Stockbrokers Limited and Peel Hunt LLP

Open Orphan plc

Eden Research plc

Canaccord Genuity and VSA Capital

Strand Hanson Limited

Peterhouse Capital Limited

Principaux dossiers

  • Advising Viaro Energy Limited on its £248m take-private acquisition of RockRose Energy plc by means of a court-approved scheme of arrangement.
  • Advising Diaceutics plc on its £20.5m placing structured as a firm placing and a conditional placing with a circular to shareholders.
  • Advising Shore Capital and Corporate Limited, Shore Capital Stockbrokers Limited and Peel Hunt LLP on Inspired Energy plc’s £30m secondary fundraising and open offer to raise up to £5m.

Druces LLP

Druces LLP's varied workload includes a mix of standard/AIM/Aquis Exchange listings, dual listings, placings and company takeovers. Dominic Traynor heads up the practice, which is noted for its sizeable international client base. Traynor has a wealth of experience in acting for mining and energy companies. He works closely with senior associate Jack Kemmish, who has notable expertise in acting for international oil and gas exploration and production companies. The duo recently acted for MAST Energy Developments Plc on its placing, issuance of advisers’ shares and admission of the enlarged share capital to the Official List of the London Stock Exchange.

Responsables de la pratique:

Dominic Traynor

Autres avocats clés:

Jack Kemmish

Les références

Commercial and knowledgeable team – always a pleasure to work with.’

I’ve worked with Dominic Traynor representing three of the companies where I’ve been a director. Very responsive, very intelligent, always providing sound advice.’

Principaux clients

Airnow PLC (formerly appScatter Group PLC)

Amedeo Resources

Athelney Trust Plc

Beaumont Cornish Limited

Boston International Holdings plc

Caerus Mineral Resources Plc

Conico Ltd

Ecovista Plc

Egdon Resources PLC

Goldplat PLC

Greatland Gold PLC

Katoro Gold PLC

Kavango Resources plc

Kibo Energy PLC

MAST Energy Developments plc

Mosman Oil and Gas Ltd

Mustang Energy PLC

Nostra Terra Oil and Gas Company PLC

Panthera Resources plc

Red Rock Resources PLC

Regency Mines PLC

Rockfire Resources PLC

SI Capital Ltd

SigmaRoc PLC

Savannah Resources PLC

Starvest PLC

Thor Mining PLC

TomCo Energy PLC

VSA Capital Limited

Principaux dossiers

  • Advised Kavango Resources plc, a mining exploration company targeting the discovery of world-class mineral deposits in Botswana, in respect of a simplified disclosure prospectus for a placing and subscription of new ordinary shares, and admission of the enlarged share capital to the Official List (by way of a standard listing under chapter 14 of the Listing Rules) and additional new ordinary shares and to trading on the London Stock Exchange plc’s Main Market for listed securities to raise gross proceeds of £2m.
  • Advised Beaumont Cornish Limited (as Nominated Adviser), Peterhouse Capital Limited and Pello Capital Limited (as joint brokers) in connection with Helium One Global Limited’s admission to AIM and conditional placing and subscription to raise £6m, before expenses.
  • Advised Caerus Mineral Resources plc on its placing, subscription and admission of the enlarged share capital to the Official List (by way of a standard listing under chapter 14 of the Listing Rules) and to trading on the London Stock Exchange plc’s Main Market for listed securities to raise gross proceeds of approximately £2.2m.

Edwin Coe LLP

In a major development at Edwin Coe LLP, Daniel Bellau joined from Hamlins LLP in January 2021. Bellau has vast experience undertaking the full spread of ECM transactions for funds, SMEs, entrepreneurs, NOMADS and brokers. Since joining the firm, his recent work has spanned the financial services, real estate and manufacturing sectors. Another name to note is Russel Shear, who acted for SPARK Advisory Partners Limited and Oberon Investments (the trading name of MD Barnard & Company Limited), acting as the NOMAD and broker respectively, on a conditional placing and subscription to raise £3.4m for MyHealthChecked Plc.

Responsables de la pratique:

Russel Shear

Autres avocats clés:

Daniel Bellau; David Kinch; Alexandre Terrasse

Les références

Dan Bellau is commercial, understands small caps and the world of listed SMEs.

Excellent commercial advice. Practical assistance in dealing with the UK securities regulation framework.’

Principaux clients

Palace Capital plc

Angelfish Investments plc

Hybridan LLP

Novum Securities Limited

Ethernity Networks Limited

HC Wainwright & Co.

Oberon Investments plc

Brandshield Systems plc

Obatan LLC.

SPARK Advisory Partners Limited

Oriole Resources Plc

Gowin New Energy Group Limited (listed on AQSE).

Principaux dossiers

  • Advised US dealer broker HC Wainwright & Co on $35m private placement of ordinary shares in AIM quoted Blockchain mining company.
  • Advised Hybridan LLP, the well known small cap broker, as financial adviser and broker in the successful completion of an equity placing for One Heritage Group plc.
  • Advised Tethyan Resource Corporation (a TSX listed company) on the sale of 100% of its issued share capital to Adriatic Metals Plc (a company dual listed on the LSE and the ASX) by way of scheme of arrangement.

Fladgate LLP

David Robinson heads up the practice at Fladgate LLP, which excels in advising fast-growing and entrepreneurial companies on AIM/Main Market admissions, dual listings, secondary fundraisings, M&A and corporate governance issues. Noted for its involvement in first-to-the-market transactions, the firm's work spans a number of industries, including the financial services, life sciences, energy and natural resources sectors. The team includes Paul Airley, who has particular knowledge of Canadian capital markets transactions, and Nigel Gordon, who recently advised Jubilee on a £14.5m placing of new and existing ordinary shares. Consultant Neil Vickers has over 20 years of international equity capital markets experience.

Responsables de la pratique:

David Robinson

Autres avocats clés:

Paul Airley; Nigel Gordon; Neil Vickers; David Baverstock; Orit Rioumine Gold

Les références

‘They understand what the client is trying to a achieve – they don’t just apply law blindly, they apply law to achieve the required result.’

‘Solutions, not problems. The partner feels as though he is part of my team, a sounding board as well source of law.’

Principaux clients

All Active Asset Capital Limited

Jubilee Metals Group PLC

Guild Esports PLC

Gfinity plc

SPARK Advisory Partners Ltd

Global Petroleum Limited

SP Angel Corporate Finance LLP

Angus Energy plc

Caspian Sunrise LLP

Pineapple Power Corporation plc

Blake Holdings Limited

Tri-Star Resources PLC

Dev Clever Holdings PLC

Hertsford Capital plc

Cenkos Securities PLC

Alliance Pharma

Principaux dossiers

  • Acted for AIM-listed All Active Asset Capital on the grant of an option over equity in Aaqua BV.

Fox Williams LLP

Fox Williams LLP demonstrates strong capabilities in advising international listed companies on admissions to AIM. In addition, the team's wide-ranging expertise includes secondary offerings, public and private M&A, and regulatory and corporate governance issues.  In 2020, the practice was heavily involved in transactions in the financial services, renewable energy, oil and gas and mining industries. In one highlight, practice head Richie Clark advised AIM-listed company Scotgold Resources Limited on a £3m equity fundraising. Hannah Elliott, who recently made partner, has particular expertise in the technology sector. Dearbhla Quigley joined Forsters LLP.

Responsables de la pratique:

Richie Clark

Autres avocats clés:

Guy Morgan; Andrew Woolf; Hannah Elliott; Sarah Carlton

Principaux clients

finnCap Group Plc

Allenby Capital LLP

Shore Capital & Corporate Limited

Plexus Group Holdings Plc

Scotgold Resources

Summerway Capital Plc

Directa Plus Plc

Tatton Asset Management Plc

Westmount Energy Ltd

Cedarvale Holdings Ltd

Arden Partners Plc

Principaux dossiers

  • Acted for nominated adviser and sole broker finnCap on the successful AIM IPO of challenger consultancy Elixirr International PLC and its simultaneous £25m institutional placing.
  • Advised Summerway Capital PLC, an AIM quoted investing company, on amendments to its investing policy, the appointment of new directors and a placing and issuance of warrants.
  • Advised Hamilton on its successful Euronext Paris IPO and its simultaneous €9.6m fundraise by way of a subscription.

Locke Lord LLP

Locke Lord LLP‘s team acts for a wide range of market participants on AIM and Main Market listings, secondary fundraises and public company transactions. Clients include UK and global corporates, NOMADs, brokers, sponsors and underwriters. The group includes Sean Page, who has particular experience in advising Chinese clients on capital raising and investment transactions in the UK and Europe. On the NOMAD side, Channo led the advice to Canaccord Genuity on Pantheon Resources Plc’s $30.2m placing in 2020. Other work spans the life sciences, real estate, financial services and TMT industries.

Autres avocats clés:

Sean Page

Les références

‘Locke Lord is forging a strong presence in the small to medium cap listed company segment of the market.’

‘Sean Page is a strong leader marshalling his team effortlessly to deal with whatever problems or obstacles arise without breaking stride. He is as at home with an IPO as with a cross-border M&A transaction.’

‘They have great capital markets experience and expertise. Their response times are, from my experience with other UK firms, excellent. Also their work ethic for international clients is very strong.’

Principaux clients

Adriatic Metals Plc

Allenby Capital

Anemoi International Ltd

Canaccord Genuity

Jade Road Investments Limited

Mode Global Holdings PLC

Nightcap plc

Salt Lake Potash Limited

Shore Capital

SolGold Plc

Thalassa Holdings

The Local Shopping REIT Plc (now known as Alina Holding plc)

Principaux dossiers

  • Advised Adriatic Metals Plc on a subscription for shares by the European Bank for Reconstruction and Development to raise £6.2m.
  • Advised Allenby Capital as NOMAD and Broker on Gfinity plc’s £2.25m fundraise.
  • Advised special purpose acquisition company (SPAC) Anemoi International Ltd on its Main Market IPO.

Michelmores LLP

Michelmores LLP's capital markets practice is led by Ian Binnie, who has over 30 years of experience and is noted for his expertise in matters involving emerging markets companies; his sector experience includes the oil and gas, mining, fintech and healthcare sectors. Edwin Richards, who made partner in 2020, is another key individual in the team, whose recent work included advising N+1 Singer on its tender offer to minority shareholders of AIM-listed company United Carpets Group Plc as part of its de-listing from AIM. Richard Cobb is another name to note.

Responsables de la pratique:

Ian Binnie

Autres avocats clés:

Edwin Richards; Richard Cobb

Les références

Ian Binnie – his knowledge and expertise is invaluable and he provides commercial solutions.’

Principaux clients

Modern Water plc (now merged with Deepverge plc)

Sutton Harbour Holdings plc

Haynes Publishing Group plc

Allenby Capital Limited

Panmure Gordon (UK) Limited

Zeus Capital Limited

N+1 Singer Capital Markets Limited

VSA Capital Limited

Finncap Limited

Arden Partners plc

Hybridan LLP

Auctus Advisers LLP

Mining Minerals & Metals plc

Comarco Group

Principaux dossiers

  • Advised AIM-quoted Modern Water plc on its £52m recommended all-share merger with AIM-quoted DeepVerge plc (formerly Integumen plc).
  • Advised longstanding client Haynes Publishing Group Plc on its acquisition by Infopro Digital Group for a sum of £114.5m.
  • Advised nominated adviser and broker Allenby Capital on Vector Capital plc’s £3m placing and admission to trading on AIM.

Mills & Reeve LLP

Mills & Reeve LLP's equity capital markets practice, which is led by Stephen Hamilton, distinguishes itself by providing full-service support to fast-growth technology companies and life sciences businesses at all stages of the lifecycle. The group's varied workload includes IPOs, secondary fundraisings and M&A. Hamilton advised IQGeo Group Plc on a £5m AIM fundraising in 2020. In addition to undertaking issuer-side mandates, the firm also generates mandates from NOMADs and brokers.

Responsables de la pratique:

Stephen Hamilton

Autres avocats clés:

Kristian Shearsby; Emma Plaxton

Les références

Stephen Hamilton – good knowledge of corporate transactions.’

We get quality advice with a quick response time that is not overpriced and the teams not over-manned.’

Principaux clients

The Alumasc Group plc

Randall & Quilter Investment Holdings Ltd.

Midwich Group plc

IQGeo Group plc

Bango plc

Quixant plc

Scientific Digital Imaging plc

Xaar plc

Global Graphics plc

GRC International plc

Diurnal Group PLC

Eckoh plc

Principaux dossiers

  • Advised Midwich on the acquisition of Starin Marketing, Inc., a specialist value-add AV distributor in the US for an enterprise value of up to $46.1m (£35.7m). In conjunction with the acquisition, advised Midwich on a £39.7m placing by way of an accelerated bookbuild.
  • Acted on the £80m acquisition of Hybrid Software by Global Graphics plc.
  • Acted for F-star Therapeutics, a biopharmaceutical group based in Cambridge, on its reverse merger with NASDAQ-listed Spring Bank Pharmaceuticals.

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP's equity capital markets practice has gained momentum since the arrival of partner Seb Orton from Eversheds Sutherland (International) LLP in 2019, with the firm generating a strong flow of work from investment banks, brokers and corporates. In addition to handling AIM transactions, the firm is also increasingly active in Main Market and AQSE (formerly NEX) matters. Orton's work aligns with the firm's core strengths in retail, technology and life sciences. In 2020, one of his highlights involved advising SkinBioTherapeutics Plc on a £4m conditional placing and associated open offer.

Responsables de la pratique:

Seb Orton

Les références

Commercial, straighforward advice from a team that is easy to work with.’

Seb Orton is very knowledgeable and proactive, providing commercial advice on a range of public company transactions.’

Principaux clients

finnCap

SkinBioTherapeutics Plc

Peel Hunt

Stanford Capital

SI Capital

Allenby Capital

Elixirr International Plc

Principaux dossiers

  • Advised finnCap (as nomad and broker) on the IPO of Parsley Box Group plc (market cap of £83.3m).
  • Advised finnCap and Peel Hunt finnCap and Peel Hunt as brokers to Revolution Bars Group on a £15m equity fundraising and finnCap as nominated adviser on Revolution Bars Group’s move to AIM.
  • Advised Elixirr International PLC on its pre-IPO reorganisation before its IPO on AIM.

Squire Patton Boggs

Squire Patton Boggs' ECM practice has gained momentum with key additions to its team; Jayson Marks joined from HFW in 2020, and Fergus Gallagher was hired from McDermott Will & Emery UK LLP  while Louise Barber made partner. The national team, which is jointly led by Jane Haxby in London and Leeds-based partner Hannah Kendrick, demonstrates particularly notable expertise in the technology, industrials and consumer sectors. The firm was able to capture a sizeable share of AIM IPOs and other equity fundraises in 2020; public M&A work is another key mainstay of the practice. Highlights for the group included acting for Kooth Plc on its AIM IPO, as well as advising WH Ireland (as NOMAD and sole broker) on the £25m fundraising and AIM IPO of Various Eateries Plc.

Responsables de la pratique:

Jane Haxby; Hannah Kendrick

Autres avocats clés:

Jayson Marks; Fergus Gallagher; Louise Barber; Hannah Crosland

Les références

In-depth industry knowledge of the mining and commodities trading sector and an ability to take a global view on transactions and resource them appropriately.’

Partner-led with a very collaborative, capable team. All very approachable and willing to help/explain. Very professional and get the job done on time.’

Our primary lawyer at the firm is Jayson Marks, with whom we have worked for many years. He is very knowledgeable, commercial, responsive and easy to work with.’

Very solid, competent and responsive.’

Always very responsive, user-friendly & easy to deal with – and give very solid professional advice.’

Principaux clients

Kooth plc

Polypipe Group plc

Studio Retail Group plc

Xeros Technology Group plc

Instem plc

Tissue Regenix Group plc

Applied Graphene Materials plc

GB Group plc

WH Ireland Group plc

WH Ireland Limited

Coats Group plc

Enwell Energy plc

Metals Exploration plc

Principaux dossiers

  • Advised Kooth plc on its AIM IPO and £26m placing and vendor placing with a market capitalisation of £66.1m.
  • Advised ECI Partners LLP (in its capacity as an adviser to ECI II LP) as a selling shareholder on the £600m Main Market IPO of Auction Technology Group plc.

Watson Farley & Williams LLP

Watson Farley & Williams LLP's capital markets practice is aligned with the firm's strengths in the transport, energy and natural resources sectors. Led by Chris Kilburn, the team handles the full spread of work for corporate issuers, investment banks, NOMADs and brokers. A recent highlight involved Jan Mellmann advising Coro Energy Plc on its acquisition of Global Energy Partnership Limited, as well as a £4.5m placing. Kilburn is experienced in advising overseas-listed companies on accessing the UK markets, including many ASX-listed companies.

Responsables de la pratique:

Chris Kilburn

Autres avocats clés:

Jan Mellmann

Les références

Watson Farley & Williams has a good all-round set of capabilities and a collaborative approach.’

Jan Mellmann is friendly, pragmatic, and understands the practical realities of smaller companies.’

Principaux clients

88 Energy

Tower Resources plc

Coro Energy Plc

Advance Energy Plc

Aminex plc

United Oil & Gas plc

Chesterfield Resources plc

TORM plc

Principaux dossiers

  • Advising Coro Energy Plc on its investment in a 20.3% stake in ion Ventures Holdings Ltd, a South East Asian and UK-focused developer of clean energy projects.
  • Advised Advance Energy plc on the acquisition (via its subsidiary Advance Energy TL Limited) of a 50% interest in Carnarvon Petroleum Timor, Unipessoal Lda for a consideration of $20m and on raising $30m from the AIM market to fund the acquisition.
  • Advised TORM plc on its agreement to purchase eight 2007-2012 MR product tankers with chemical trading capabilities from TEAM Tankers Deep Sea Ltd., for a total cash consideration of $82.5m and the issuance of 5.97m TORM shares.

Wedlake Bell LLP

Martin Thomas leads Wedlake Bell LLP's capital markets practice, which handles AIM and Main Market IPOs, secondary fundraises and follow-on M&A work for corporate issuers, NOMADs and brokers. Thomas' transactional experience spans the oil and gas, natural resources, financial services and early stage technology sectors, among others.

Responsables de la pratique:

Martin Thomas