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 NTR plc on 54MW portfolio of co-located solar and battery storage projects in Ireland
Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.
Pinsent Masons advises on Four Seasons Care Homes portfolio migration
Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.
Pinsent Masons advises Teva Pharmaceuticals on €84m sale of its consumer healthcare brand portfolio to Karo Pharma AB.
Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises GNA Biosolutions GmbH on Covid-19 rapid PCR test
Multinational law firm Pinsent Masons advised GNA Biosolutions GmbH on IP and commercial aspects of its rapid PCR Covid-19 test.
Pinsent Masons advises ALK Capital on its acquisition of Burnley FC
Multinational law firm Pinsent Masons has advised ALK Capital on the acquisition of Burnley Football Club.
Pinsent Masons advises Unbound on financing in fitness start-up VAHA
Pinsent Masons has advised Unbound on its investment in etone Motion Analysis GmbH (VAHA), a manufacturer of smart digital mirrors.
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]