Pinsent Masons advises Collins Stewart and Panmure Gordon on £26.7m placing
02 Dec 2010 | 12:00 am |
International law firm Pinsent Masons has advised Collins Stewart Europe Limited and Panmure Gordon (UK) Limited as joint bookrunners and joint corporate brokers in relation to Chesnara plc's placing of ordinary shares and treasury shares, raising gross proceeds of approximately £26.7 million. The proceeds of the placing are intended to be used by Chesnara to part fund the acquisition of the Save & Prosper Group from JP Morgan Asset Management Marketing Limited for £63.5 million.
Chesnara plc is a consolidator of life assurance and pensions businesses in the UK and Western Europe and is listed on the main market of the London Stock Exchange. Chesnara was established as part of the £545 million demerger of the former Countrywide Assured Group in May 2004, in relation to which Pinsent Masons advised both Chesnara and Countrywide.
The Pinsent Masons team advising Collins Stewart and Panmure Gordon comprised corporate partners Andrew Black and Alison Starr and senior associate Iain Butler. Ashurst advised Chesnara on the acquisition and the fundraising, and Herbert Smith advised JP Morgan Asset Management Marketing Limited.
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons Advises Ithaca Energy On Transformational North Sea Merger With Eni’s UK Upstream Business
Multinational law firm Pinsent Masons is advising leading UK independent exploration & production company Ithaca Energy plc on its transformational combination with Eni S.p.A.’s UK upstream oil and gas assets, establishing Ithaca Energy as the second largest independent operator in the UKCS by 2024 production.
Pinsent Masons appoints Partner David Lister to its Forensic & Accounting Services team
Multinational law firm Pinsent Masons has hired forensic accounting specialist David Lister as partner to bolster its professional services capabilities in investigations and fraud risk management.
Pinsent Masons promotes 22 to its partnership
Multinational law firm Pinsent Masons has boosted its global professional services capabilities with the promotion of 22 new partners.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons MPillay advises SUSI Partners on investment in Alba Renewables
Law firm Pinsent Masons MPillay has advised Swiss-based infrastructure investment manager SUSI Partners on its investment in Alba Renewables to build a renewable energy infrastructure business focused on The Philippines.
Pinsent Masons advises Bestinver Infra, FCR on acquisition of remaining shares in Irish toll road concession & operation companies
Pinsent Masons has advised Bestinver Infra, FCR on the acquisition of the remaining shares in N6 (Concession) Holdings Limited and N6 (Operations) Ltd, with Japanese co-investor Daiwa Energy & Infrastructure Co. Ltd.
Pinsent Masons advises Sandoz on acquisition of remaining shares in Rowex Joint Venture
Multinational law firm Pinsent Masons has advised Sandoz on the acquisition of the remaining shares in Rowex Limited, a joint venture in Ireland between Sandoz and Rowa Pharmaceuticals.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]