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Nabarro advises Numis on two fundraisings in one week
2 April 2008
Law firm Nabarro has just advised Numis Securities on two secondary fundraisings – the first on AIM, the second on the Main Market of the London Stock Exchange - in one week.
The first was the placing of 29,545,455 ordinary shares at 22p per share to raise £6.5 million for AIM floated company Aldgate Plc. Aldgate was established to acquire and manage businesses in sectors undergoing structural, technological and/or regulatory change. It focuses in particular on the UK and European gaming sectors. The key reason for the placing was to allow the CEO, senior management and certain important figures in the UK and European gaming industry to invest in Aldgate
The deal was led by corporate partner Elliot Shear, assisted by Jonathan Ling. Mayer Brown advised Aldgate Capital PLC.
The second involved Hyder Consulting Plc (the international advisory and design consultancy, listed on the Main Market, with a market capitalisation of £152 million) and its acquisition of Holford & Associates (an architectural and interior design consultancy in the United Arab Emirates), and related cash placing of new ordinary shares. The consideration for the acquisition amounts to (up to) £15.3m, of which (up to) £13.2m is payable in cash, and £2m will be raised by the issue of 471,974 Hyder Consulting ordinary shares.
The deal was led by corporate partner Elliot Shear, assisted by James Archibald. Hyder Consulting was advised by Wragge & Co.
Corporate partner Elliot Shear commented:
“It has been exciting to see some action on the London Stock Exchange this week – each deal raising its own particular complexities and intellectual challenges - and we very much look forward to working with our long standing client Numis again on numerous future transactions”
If you would like any further information or have any queries please contact:
Charlotte Tandy
Lanson Communications
T +44 (0)20 7566 9706
charlottet@lansons.com
