Norton Rose Fulbright advises on over £1.3 billion of ECM deals in Q1 2017

Global law firm Norton Rose Fulbright has advised on numerous ECM deals where funds raised exceeded £1.3 billion in the first quarter of 2017 in the London market, including the following disclosable transactions:

• Advised Goldman Sachs International and J.P. Morgan Cazenove, as global co-ordinators and bookrunners, on the £613 million IPO of BioPharma Credit PLC, a new UK investment trust which will be managed by Pharmakon Advisers, L.P – the largest IPO to date in 2017 (led by Ian Fox and Tom Vita)
• Advised Cannacord Genuity as sole placing agent on £260 milion share issue for HICL Infrastructure Company Limited (led by Ian Fox)
• Advised J.P. Morgan Cazenove on a £120 million secondary issue by the John Laing Infrastructure Fund (led by Richard Sheen)
• Advised The Renewables Infrastructure Group Limited on a further fundraising of £110 million under an existing share issuance programme (led by Ian Fox)
• Advised J.P. Morgan Cazenove and Peel Hunt in their capacity as joint bookrunners on an equity placing by LondonMetric Property PLC to raise £96 million (led by Mark Lloyd Williams)
• Advising BBGI SICAV SA on a £59 million tap issue (led by Michael Newell)
• Advising Winterflood on the £56 million raised by John Laing Environmental Fund (led by Michael Newell)
• Advised the leading online hybrid real estate agent Purplebricks Group plc on a £50 million fundraising (led by Richard Sheen and Tom Vita)
• Advised Anglo Pacific Group PLC on its entry into financing and streaming arrangements, partially funded through an accelerated bookbuild placing which raised proceeds of £14m. BMO Capital Markets Limited, Macquarie Capital (Europe) Limited and Peel Hunt LLP acted as joint bookrunners in connection with the placing (led by Nick Adams)

Raj Karia, Norton Rose Fulbright head of Corporate, M&A and Securities, Europe, Middle East and Asia, commented: “It is pleasing to see this level of ECM activity given current market conditions, particularly in the wake of the geopolitical volatility of 2016 which of course continues. Whilst there may be a slight pause around the UK general election, we expect activity to strengthen again thereafter in the absence of any major shocks.”

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893
louise.nelson@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 3500 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

Norton Rose Fulbright will combine with Chadbourne & Parke, a leading international law firm, during the second quarter of 2017. Norton Rose Fulbright's expanded practice will have more than 1000 lawyers in the US and 4000 lawyers worldwide.

Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, Toronto, Sydney and Johannesburg.

For more information, see nortonrosefulbright.com/legal-notices.