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 appoints Pamela McDonald as new head of its Doha office
Multinational law firm Pinsent Masons has named international arbitration partner Pamela McDonald as the new head of its Doha office.
Multiple wins for Pinsent Masons at China Business Law Awards 2022
Multinational law firm Pinsent Masons has won in seven categories at China Business Law Journal's annual awards.
Pinsent Masons advises Ørsted on its entry into the Spanish renewables market
Multinational law firm Pinsent Masons has advised Ørsted on its first four renewables’ partnerships in Spain.
People who viewed this press release also viewed
Show me all press releasesPinsent Masons advises on landmark financing of FINN
Multinational law firm Pinsent Masons has advised French investment company Korelya Capital on the EUR 100+ million financing of car subscription start-up FINN.
Pinsent Masons advises Northern Gritstone on £215m fund raising
Multinational law firm Pinsent Masons has advised the new investment business Northern Gritstone, founded by the Universities of Leeds, Manchester and Sheffield, on its £215m fund raising.
Pinsent Masons advises shareholders on sale of Fastway Couriers
Multinational law firm Pinsent Masons has advised the shareholders of Fastway Couriers, including leading Irish private equity funds MML Growth Capital Partners Ireland and Woodberry Ireland Capital, on its sale to Elysian Capital.
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]