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. 

Latest press releases

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons named a top ten family friendly employer for fourth year in a row

Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.

Pinsent Masons wins Insurance Team of the Year at Legal Business Awards 2020

Multinational law firm Pinsent Masons has won Insurance Team of the Year at the Legal Business Awards 2020 for its role advising Royal London on its Brexit strategy and the implementation of a cross-border reorganisation of part of its business.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons advises AMC Entertainment Holdings, Inc. on €65m sale of Baltic region theatre locations

Multinational law firm Pinsent Masons has advised AMC Entertainment Holdings, Inc (AMC) on the €65m ($77 million) sale of nine theatre locations across the Baltic region to Up Invest.

Pinsent Masons advises EmpatKali founders in deal that signals Asia expansion for Afterpay

Multinational law firm Pinsent Masons has advised the founders of EmpatKali, Jamie Camidge and Hadi Tanzil, on the sale of the company to Afterpay.

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