Pinsent Masons advises Cairn Homes on IPO

15 Jun 2015 | 09:41 am |

International law firm Pinsent Masons has advised home builder Cairn Homes on its initial public offering (IPO) on the main market of the London Stock Exchange, raising €385 million and with an initial market capitalisation of €430 million.

Cairn is the first Irish homebuilder to list for more than 20 years and the funds raised will be used to fund development of several sites the company has acquired in Dublin and Galway and to acquire and develop further sites.

Corporate partner Andrew Black and senior associate Chrissy Findlay led the Pinsent Masons team advising on the transaction, with assistance from Gareth Edwards, Louise Wolfson, James Kaye and Costa Smith.

Commenting on the deal, Andrew Black said:
"We are delighted to have helped Cairn achieve this IPO, which had many novel features and will give them the firepower to build a land bank in an area with high demand for new homes in a strongly recovering economy.”

 

Latest press releases

Show me all press releases

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.

Pinsent Masons advises on purchase of Northern Ireland’s first major energy storage project

Multinational law firm Pinsent Masons has advised SUSI Partners on its purchase of a 50MW battery storage project from German renewables developer ABO Wind in Kells, Northern Ireland.

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 bolsters Climate Change Mitigation and Sustainability team

Multinational law firm Pinsent Masons has named Michael Watson as its new Head of Climate Change Mitigation and Sustainability team, and appointed former OFGEM General Counsel, Euan McVicar, as Senior Climate Adviser.

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