15 Apr 2010
LG advises on AIM listing for Brazilian retail focused real estate company
International business law firm Lawrence Graham LLP ("LG") has advised Squarestone Brasil Limited (Squarestone) on its admission to AIM and £28.2 million fund raising. Trading in Squarestone's shares and warrants commenced on 12 April 2010, giving Squarestone Brasil an initial market capitalisation of £39.5 million.
Squarestone is a Brazilian retail-focused real estate development and investment business. The company will pursue the Brazilian shopping mall development business currently operated by the Sao Paulo-based Squarestone Brasil Administracaoe Participacao S.A. and its London-based affiliate Squarestone Property Investment Management Limited with an initial concentration on Greater Sao Paulo.
LG Corporate partners Nick Heather and John Reed led the team advising Squarestone Brasil which included Corporate lawyers David Ponsford, Kris Rogers, Meera Unadkat, Michelle Davis and Elizabeth Martin.
John said: "We are delighted to be involved in one of the first AIM IPOs in 2010 and look forward to working with the Squarestone Brasil management team as they exploit the compelling economic, demographic, consumer and real estate dynamics in Brazil."
Liberum Capital acted as nominated adviser and broker to Squarestone. Brazilian legal advice was provided by Machado Associados, while Carey Olsen provided Guernsey law advice. Berwin Leighton Paisner LLP were lawyers to Liberum.
Notes to editors:
- LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures. We are named as adviser to nine of the AIM 100 companies, with no other firm listed as acting for more than five.
- LG is also ranked as the no. 1 legal adviser by market capitalisation of all AIM companies (Hemscott, January 2010)