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.
Multinational law firm Pinsent Masons has advised listed European life and pensions consolidator Chesnara plc on its proposed £260 million acquisition of HSBC Life (UK) Limited from HSBC Bank plc.
Multinational law firm Pinsent Masons has advised on the creation of a major delivery alliance for the Sizewell C nuclear power station in Suffolk, supporting the formation of a new alliance between Sizewell C and three leading construction firms.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised listed European life and pensions consolidator Chesnara plc on its proposed £260 million acquisition of HSBC Life (UK) Limited from HSBC Bank plc.
Multinational law firm Pinsent Masons has advised Tokai Carbon Co., Ltd. (“Tokai Carbon”) on the sale of its German subsidiary TOKAI ERFTCARBON GmbH (“TEG”), to Lenbach Equity Opportunities III. GmbH & Co. KG, which is exclusively advised by DUBAG Investment Advisory GmbH (“DUBAG”).
Multinational law firm Pinsent Masons has advised the shareholders of independent financial advisory and wealth management firm Shackleton, including the private equity buy-and-build specialist Sovereign Capital Partners, on the exit to Lee Equity Partners.
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