Our Capital Markets team is led by London-based partner Ian Binnie who has extensive experience acting for issuers, nominated advisers and brokers in all aspects of London capital markets-related transactions. Several of the corporate partners also benefit from experience working as general counsel to listed and AIM companies. We have advised a number of our clients since incorporation through to an IPO and ultimate exit. The team offer advice, support and experience on both equity issues on the premium and standard segments of the Main Market, AIM and AQSE as well as listings of debt instruments on the LSE’s Order Book for Retail Bonds (ORB).
We offer plc boards with advice and assistance on a range of corporate governance, market abuse and general corporate law and regulation and other corporate action-related issues.
The Michelmores Public M&A team has experience providing potential bidders as well as target companies with detailed advice on the Takeover Code as well as UK and EU competition law considerations. We also regularly advise UK public companies on the impact of the Takeover Code on their acquisition strategies.
Many of the Michelmores corporate partners have previous experience gained as partners at ‘top 20’ international law firms.
Our Capital Markets team have been ranked for Flotations: small and mid-cap in Legal 500 2021. Ian Binnie is a ranked lawyer for Chambers and Partners UK-wide Capital Markets: AIM.
Acting on the AIM Admission of Tribe Technology plc, the Northern Irish based disruptive developer and manufacturer of autonomous mining equipment. Advising Allenby Capital the IPO fundraising extended to an institutional placing, direct subscriptions, Advance Subscription Agreements (as part of the pre-IPO round), and a retail intermediaries offer through BookBuild
Advising Allenby Capital on the £2.17 secondary fundraising for Deltex Medical Group plc, the England-based maker of blood circulation monitoring systems, which included, in addition to an institutional placing, an retail intermediaries offer conducted via the Rex platform
Acting on the off-market share buyback by JKX Oil & Gas plc structured as a tender offer completed following its delisting from the premium segment of the Official List and cancellation of trading on the Main Market of the London Stock Exchange. The Tender Offer was made by Michelmores’ client S.P. Angel Corporate Finance LLP as principal, structured as an off-market tender offer with a basic entitlement following a reduction of capital by way of a cancellation of share premium account to create distributable reserves.
Advising the sellers of the venture capital trust business of Mobeus Equity Partners LLP on the £20 million vendor placing by AIM quoted acquirer Gresham House plc. The vendor placing was part of a £40 million placing conducted by Gresham House as an accelerated book build. The initial consideration for the acquisition was £24 million with further consideration of up to £12.1 million.
Acting for Arden Partners plc as nominated adviser and broker in the £8.8 million placing and admission to AIM of TSX-V listed Arrow Exploration Corp.
Advising Allenby Capital as nominated adviser and broker in the £2.1 million placing for CloudCoCo plc (AIM) in conjunction with a strategic acquisition.
Acting on the on-market share buyback by United Carpets Group plc structured as a tender offer by N+1 Singer in connection with United Carpet’s de-listing from AIM. Michelmores acted for N+1 Singer as principal under the tender offer and as nominated adviser.
Advising the founders of Jota Holdings (which runs the FIA World Endurance Championship Hypercar racing team Hertz Team Jota) on an equity investment by US-based special situations hedge fund Knighthead Capital Management, LLC
Acting for the independent board of AIM quoted Modern Water plc in the £52 million all-share merger with AIM quoted DeepVerge plc
Acting for Haynes Publishing Group PLC on its acquisition by Infopro Digital Group for a sum of £114.5m
Advising VSA Capital as financial adviser to TrueCommerce Holdings, the global provider of trading partner connectivity and integration solutions, on its £5.7 million recommended cash offer for NEX-quoted proprietary software company, Netalogue plc
Advising VSA Capital as financial adviser to the leading provider of technology solutions for contractors in the North American cleaning and security markets, TEAM Software, on its £18.5 million recommended offer for UK-based technology innovator Innovise
Acting on the Rule 9 mandatory offer by Trillion Trophy Asia for Birmingham City plc
Advising Leybourne Securities on the general offer of Ivy Medical Chemicals plc
