Capital Markets: Equity & Debt

Capital markets activity continues to evolve as finance and debt structures become increasingly complex.

With funding now coming from a broader range of non-bank and alternative sources, businesses require clear, responsive legal support to address challenges and meet critical deadlines.

Equity

We have extensive experience in advising UK and international issuers and brokers, sponsors and nominated advisers on raising equity on the Main Market of the London Stock Exchange, AIM, the Aquis Stock Exchange and foreign exchanges. Our expertise includes initial public offerings (IPOs), secondary placings, global offerings and rights issues.

We advise listed and traded companies on their ongoing obligations, particularly in relation to corporate governance for smaller quoted companies, as well as on restructurings and reorganisations, including demergers and schemes of arrangement. In addition, we advise private companies on fundraising through private placements.

Debt

Alongside our equity work, we have significant experience advising clients on listed debt arrangements and the governance frameworks required to support complex collateralised debt arrangements.

Recent experience

• Advising Cairn Financial Advisers LLP, in its role as the nominated adviser, and Clear Capital Markets Limited, in its role as a broker, on Medpal AI Plc’s placing and the admission to trading on AIM.
• Advising Allenby Capital and OAK Securities on Pathfinder Minerals PLC’s reverse takeover of Rome Resources Ltd and £4m placing.
• Advising IntelliAM AI, a software and AI business which uses machine learning to improve operating efficiency in the FMCG space, on its £5m fundraise and admission to the Aquis Stock Exchange.
• Advising Borders & Southern Petroleum plc on fundraising totalling over US$8m.
• Advised Diversified Gas & Oil plc on an acquisition for an agreed consideration of $575 million satisfied in cash at completion using gross proceeds of (i) a $250 million placing of new shares on AIM and (ii) a new revolving debt facility of up to $1 billion. This was the largest acquisition by an oil and gas company in the history of the AIM Market.