Capital Markets and Public M&A

Capital Markets

• 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.
• Acting on the £16 million AIM IPO of Vector Capital plc. Michelmores acted for Allenby Capital as nominated adviser and placing agent.
• Advising on the reverse takeover by SAPO plc of Rural Broadband Solutions and re-admission to the AQSE Growth Market and acting for Hybridan LLP on the associated £2.5 million placing.
• Advising Panmure Gordon as sole broker in an equity placing and subscription for AIM quoted Global Petroleum Limited.
• Acting for Hybridan LLP on a secondary placing by AIM-quoted West African oil & gas investment company ADM Energy plc
• Acting for Mining, Minerals and Metals plc on its Standard Listing of the Main Market of the London Stock Exchange. 

• Acting for African Battery Metals plc (AIM) on two African cobalt nickel acquisitions and associated placing.

• Advising the shareholders of Whitman Howard Group Limited on the sale its broking and corporate finance business to Panmure Gordon Group Limited

• Acting for the shareholders of the Comarco group of companies, the Kenyan port and logistics business, on the reverse takeover of LSE standard listed Anglo African Agriculture plc (to be renamed Agulhas Group Africa plc) and re-admission to the standard list.

• Acting for AIM-quoted Modern Water plc on a £1.85 million placing
• Acting for broker Hybridan LLP in connection with a placing for Thor Mining plc (AIM)
• Advising on placing, subscription and associated open offer for AIM-quoted Maistro plc
• Advising AIM-quoted Modern Water plc on its recent Open Offer to shareholders
• Acting for Power Metal Resources plc (AIM) on two African cobalt-nickel acquisitions and associated placing
• Advising Whitman Howard as sole bookrunner in the £12 million fundraising for Koovs plc (AIM)
• Acting for Brandon Hill Capital and Cantor Fitzgerald Europe as joint brokers on a £5.5 million placing for Kefi Minerals plc (AIM)
• Acting for Smith & Williamson Corporate Finance as nominated adviser in a placing for TMT Investments plc (AIM)
• Advising Feronia Inc. (TSX venture exchange), the large-scale commercial farmland and oil palm plantation operator in the Democratic Republic of the Congo, in connection with its funding options resulting in a US$17.5 million private placement
• Advising Power Metal Resources plc​ (AIM) in a placing and subscription
• Acting for AIM quoted investment bank Arden Partners plc and Whitman Howard in relation to a £7.83 million placing (carried out as an accelerated book build) for Reabold Resources plc (AIM)
• Advising Strand Hanson (as financial adviser and nominated adviser), Tamesis Partners and Beaufort Securities (as joint brokers) in relation to the admission to AIM of Cradle Arc plc and associated placing
• Advising Cantor Fitzgerald Europe as Nomad and broker to ASX-listed Range Resources (the Trinidad and Indonesia focused oil and gas exploration, development and production company) on its admission to trading on AIM following the acquisition of the Trinidad-based oilfield services business
• Advising financial adviser/broker VSA Capital in relation to £4.1 million placing, subscription and open offer by AIM-quoted Columbus Energy Resources plc
• Advising Cantor Fitzgerald Europe and Spark Advisory on the debt restructuring and placing for Trinity Exploration and Production plc (AIM)
• Acting for Allenby Capital on accelerated-bookbuilt placing for Tekcapital plc (AIM)
• Acting for VSA Capital on a placing for LGO Energy plc (AIM)
• Advising Sula Iron & Gold plc on a placing and open offer (AIM)
• Acting for Allenby Capital on accelerated-bookbuilt placing for Infrastrata plc (AIM)
• Acting on the IPO of Limitless Earth plc (AIM)
• Advising Plant Health Care plc on its accelerated-whitewash compliant placing and open offer (AIM)

Public M&A

• 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