Pinsent Masons advises IP Group on its £128 million fundraising

11 Mar 2015 | 09:19 am |

International law firm Pinsent Masons has advised IP Group plc on its share issue to raise approximately £128 million through the issue of shares by way of a firm placing, placing and open offer.

The Pinsent Masons team acting on the transaction was led by corporate partner Russell Booker supported by senior associate Jayson Marks and associates Sandra Plantier, Rhodri Evans, Mark Stephens and Victoria Baron.

Commenting on the deal Russell Booker said:

"We have acted for IP Group since its inception. This transaction further evidences the support of institutional investors for the group, its strategy and the opportunities that the group offers. We continue to be delighted to work with IP group in what are very interesting times for the sector. "

IP Group is listed on the London Stock Exchange's Main Market and is a FTSE 250 constituent. The group was established in 2000 to commercialise scientific innovation developed in leading research institutions, and currently has direct partnerships with 15 universities in the UK which provide it with access to the technology created at such universities; these include Oxford, Manchester, King's College London and Bristol.

The group also has access to intellectual property emanating from the United States through agreements with Columbia University, the University of Pennsylvania and Princeton University. IP Group has a diverse portfolio of portfolio companies in four main sectors – Biotech, Cleantech, Healthcare and Technology.

Numis Securities Limited acted as sponsor and financial adviser to IP Group.

 

Latest press releases

Show me all press releases

Pinsent Masons advises Wesleyan Assurance Society on sale of Wesleyan Bank

Multinational law firm Pinsent Masons has advised Wesleyan Assurance Society on its sale of Wesleyan Bank Limited and subsidiaries to Hampshire Trust Bank plc, subject to regulatory approval.

Pinsent Masons advises Malaysia-based Tenaga Nasional Berhad (TNB) on first international offshore wind investment

Multinational law firm Pinsent Masons has advised Malaysian utility, TNB and Vantage RE, its UK/European arm, on its acquisition of a 49% stake in the offshore wind farm company Blyth Offshore Demonstrator Limited (BODL) from EDF Renewables.

Pinsent Masons advises UK Government on first purchase of Covid-19 antivirals

Multinational law firm Pinsent Masons has advised the UK government on its contracts for the purchase of significant volumes of two novel, Covid-19 specific, antivirals.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advises UK Government on first purchase of Covid-19 antivirals

Multinational law firm Pinsent Masons has advised the UK government on its contracts for the purchase of significant volumes of two novel, Covid-19 specific, antivirals.

Pinsent Masons advises Hairburst on its sale to JD Sports

Multinational law firm Pinsent Masons has advised premium haircare brand Hairburst on its majority stake sale to sports giant JD Sports.

Pinsent Masons advises Turner Townsend Partners LLP stake strategic partnership CBRE Group Inc

Multinational law firm Pinsent Masons has advised Turner & Townsend on the proposed £960 million sale of a 60% stake of its business to CBRE Group, Inc.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts