2006 News Releases
LG advises on launch of £20 million Venture Capital Trust
LG has advised venture capital investor Close Ventures on the offer by Close Enterprise VCT Plc of up to £20 million shares.
21 December 2006
LG advises on launch of dedicated precious metals fund on AIM
LG has advised Golden Prospect Precious Metals Limited, a new Guernsey registered closed-ended investment company, on it's placing of shares and warrants and its admission to AIM.
19 December 2006
X-Factor voting system calls on LG
LG, the London-based business law firm, acted for Harvest Media Group Limited on the investment in the company by discretionary funds managed by FF&P Private Equity Limited, the private equity division of Fleming Family & Partners.
15 December 2006
LG advises on string of healthcare acquisitions
LG has acted for AIM listed Healthcare Locums Plc on its acquisition of the entire issued share capital of Blue Group International Holdings Limited - one of the leading qualified social work agencies in the UK - for a value of £14 million.
8 December 2006
Financial services specialist wins Best Legal Advisor 'OstCar'
LG, the London-based business law firm, is pleased to announce that financial services regulation partner Angela Hayes has been named Best Legal Advisor at the 2006 Compliance Register OstCaR Awards.
29 November 2006
LG Aims for £1 billion fund launches in 2006
Over the last 12 months, the Investment Funds team at LG – the London-based business law firm - has advised on 13 flotations and secondary issues for AIM quoted investment funds which have raised approximately £980 million.
24 November 2006
LG helps first inflight mobile phone service take off
LG, the London-based business law firm, has advised AeroMobile, the UK-based telecoms company, in connection with its contract to provide Emirates with technology to offer passengers the use of mobile phones inflight across its fleet.
17 November 2006
LG advises Rooftoop Mortgages on £500 million securitisation transaction
LG, the London-based business law firm, has advised Rooftop Mortgages - a lender in the UK non-conforming mortgage market - on the £500 million Mansard 2006-1 PLC residential mortgage backed securitisation.
17 November 2006
LG advises on groundbreaking administration of 844 companies
London-based law firm LG has been appointed to advise Nick Wood, partner in accountancy firm Grant Thornton in connection with the administration of 844 companies formerly managed by a tax solutions provider that created more than 1,000 English limited companies for South African, New Zealand and Australian contractors working in the UK.
13 November 2006
LG advises on £69.5 million AIM float
LG, the London-based business law firm, advised Arbuthnot Securities, nominated adviser and broker on the placing and admission to AIM of Matchtech Group plc. Shares commence trading today, Friday 27 August, with a £69.5 million market capitalisation upon admission.
27 October 2006
Groundbreaking structure devised for fifth Indian company to list on AIM- LG Indian market focus pays off
London-based business law firm LG is advising KSK Power Venture Plc, an Indian group developing private power projects across India, on its admission to AIM. Admission and the commencement of trading in KSK's shares is scheduled for 1 November 2006, giving KSK a market capitalization of approximately $260 million.
26 October 2006
LG advises USS on £267M sale of Gyle Shopping Centre
LG, the London-based business law firm, has advised Universities Superannuation Scheme Ltd on the sale of Gyle Shopping Centre, Edinburgh for £267 million to Belfast based property company William Ewart Properties Ltd.
23 October 2006
LG advises Japanese real estate fund on £100M AIM float
LG, the London-based law firm advised Japan Residential Investment Company Limited – a newly incorporated Guernsey company established to invest in Japanese residential property assets - on its £100m admission to AIM. Trading in JRIC's shares commences today, 13 October 2006.
16 October 2006
LG advises new client Numisma Fund on €250 million refinancing facility
LG has advised new client Numisma Fund, advised by McCafferty Asset Management, on a €250 million refinancing facility of Anglo Irish by Hypo Real Estate Bank International AG. The financing includes a €80 million loan secured on German real estate and a CHF36 million loan on Swiss real estate from Hyporeal Germany.
16 October 2006
LG helps leading Chinese mining company forge long term relationship with AIM Listed Ridge Mining
LG, advised new client Zijin Mining Group Company Ltd on the £8.2 million subscription by a subsidiary of Zijin for 16 million new ordinary shares (approximately 20% of the share capital) of Ridge Mining plc and warrants to subscribe for up to 10 million new ordinary shares.
16 October 2006
LG advises on £107.5M sale of Chez Gerard Restaurant Group
LG, the London-based law firm, has advised investment boutique Dawnay Day, North Atlantic Value LLP and management on the sale of Craftbutton Limited to PPM Capital for £107.5 million.
13 October 2006
Big catch for real estate investment company
LG, the London-based business law firm advised Dolphin Capital Investors Limited on a placing that raised £202 million, thereby creating the second largest AIM quoted real estate investment company.
6 October 2006
LG advises Conran Holdings on management buy out of restaurant business
LG, the London-based business law firm, has advised Conran Holdings – Sir Terence Conran's main company - on the real estate aspects of a £50m buy out of Conran Restaurants.
2 October 2006
Age discrimination law likely to backfire, lawyers warn
New legislation intended to protect the rights of older workers takes effect on Sunday 1 October, marking the first statutory move against ageism in the UK workplace. However, even before the new law comes in, corporate lawyers warn it may achieve the opposite of its intended effect.
28 September 2006
LG advises Asian investment company on $275m Aim listing
LG, the London-based business law firm has advised Pacific Alliance Asia Opportunity Fund Limited on its admission to AIM. Trading in Pacific Alliance's shares will commence on 21 September 2006, giving Pacific Alliance an initial market capitalisation of $275 million.
20 September 2006
LG helps Regent Inns add 'third arm' to leisure portfolio
LG, the London-based law firm, has advised Regent Inns plc on its £26m purchase of the 'Old Orleans' chain of restaurant/bar outlets from Punch Taverns, Britain's largest pub group.
22 August 2006
LG guides new Superconductor Technology onto Aim
LG, the London-based law firm, is advising Zenergy Power plc, the specialist manufacturer and developer of commercial applications for superconductive materials, on its admission to trading on AIM. Shares commence trading today, Tuesday 22 August, with a £30m market capitalisation upon admission.
22 August 2006
LG welcomes International private capital team from Simmons & Simmons
LG, the London-based law firm, is pleased to announce today it has recruited the London private capital group of international law firm, Simmons & Simmons.
31 July 2006
Clipper enters strategic alliance with BP for major US wind energy development
LG, the London-based business law firm, has advised Clipper Windpower on its strategic alliance with BP Alternative Energy for a long-term turbine supply agreement and the joint development of five of Clipper’s wind energy projects in the USA.
25 July 2006
LG advises Wilmington Group on £165m merger with Metal Bulletin
LG, the London-based business law firm, has advised long-standing client, Wilmington Group plc, the business information and training group, on its proposed recommended merger with Metal Bulletin, the international business information group. The combined market capitalisation of the merged group – to be known as Bulletin Group – will be approximately £330 million.
24 July 2006
LG and onside law advise Hero Investments LLP on the establishment of The Hero Football Fund
Unique investment vehicle to capitalise on lucrative transfers of football players
LG, the London-based business law firm, and Onside Law LLP, the sports law boutique firm, have advised a new client, Hero Investments LLP, on the establishment and structuring of the Hero Football Fund and a subsequent private fundraising.
18 July 2006
LG advises Cofra on sale of UK specialist mortgage lending operation
London-based business law firm LG has advised COFRA Holding AG - the Swiss company which holds interests including retail, real estate, private equity investments and financial services - on the disposal of its UK specialist mortgage lending operation, London Mortgage Company, to Lehman Brothers for an undisclosed amount. The deal followed from a wide-ranging international auction process, and the transaction completed on Tuesday, 2 May 2006.
3 July 2006
LG advises on dual listing for Canadian Energy Company
Lawrence Graham LLP, the London-based business law firm, has advised brokers Jefferies International Limited and Mirabaud Securities Limited, together with Nabarro Wells & Co. Limited as Nominated Adviser to Ithaca Energy, Inc. in connection with Ithaca Energy's £28.3m fundraising and dual listing on AIM and the TSX Venture Exchange in Canada. Market capitalisation is approximately £60.7 million.
27 June 2006
£102m AIM listing for European real estate developer
LG advises KBC Peel Hunt on Placing and Admission of Nanette Real Estate Group N.V.
27 June 2006
LG helps premier Asian fund management group raise $280M through AIM
LG, the London-based business law firm, has advised new client ARC Capital Holdings Limited on it's admission to AIM. Trading in ARC's shares commenced today, 26 June 2006, giving ARC an initial market capitalisation at the issue price of $120 million.
26 June 2006
LG advises NIIT Technologies on acquisition of leading insurance solutions provider
London-based law firm LG has advised NIIT Technologies Limited, the global IT solutions company, on its US$25M acquisition of ROOM Solutions Limited, a UK-based supplier of IT solutions to the insurance market.
31 May 2006
£82M management buy out of Discovery Group
Lawrence Graham LLP has advised the share holding management team of Discovery Group Limited on the recent exit from Discovery by its former lead investor, August Equity, and the simultaneous acquisition of Discovery for £82 million by members of the management team and Exponent Private Equity, acting through a new corporate vehicle.
10 April 2006
Demand for Vietnamese real estate fuels $204.8M AIM float for VinaLand Limited
LG, the London-based business law firm, has advised new client VinaLand Limited on its admission to AIM. Trading in VinaLand's shares commenced yesterday, 22 March 2006, giving the company an initial market capitalization at the issue price of approximately $204.8 million.
23 March 2006
Budget 2006 - Items of interest to the property industry
The Chancellor of the Exchequer announced the introduction of UK REITs with effect from January 2007, together with some important modifications to the rules previously announced in draft legislation. The Treasury has clearly listened to representations from the property industry in the course of the consultations that have taken place.
22 March 2006
LG highlights effects of recent important reinsurance cases
Held at Lloyd's of London and attended by approximately 150 delegates, a seminar hosted by law firm LG on 15 March looked at the practical implications of some of the most important recent cases affecting the reinsurance industry.
According to Nick Bradley, Head of Lawrence Graham's Insurance & Reinsurance Group, the last 12 months has seen a significant number of important decisions affecting the reinsurance industry on a range of issues.
15 March 2006
LG partners reach new heights in aid of Hope and Homes for Children
LG is delighted to announce the success of its partners Jon Lloyd and Rabainder Chaggar in their climb of Mt. Kilimanjaro, Tanzania, in support of Hope and Homes for Children, for which they raised more than £35,000.
8 March 2006
Proposed new tax threatens green and community
Government plans to introduce a new property development tax - to be called Planning Gain Supplement - are both unworkable and likely to have serious unforeseen consequences, according to LG, a leading corporate and property law firm.
27 February 2006
LG helps Grasshopper Investments achieve strategy through reverse takeover
LG advised AIM-listed Grasshopper Investments plc on its reverse takeover of GoIndustry AG, a global leader in auctions and valuations of used industrial machinery and equipment, and the enlarged Group's subsequent re-Admission to AIM.
2 February 2006
Marine Current Turbines gets cash injection for groundbreaking renewable energy project
LG has advised Marine Current Turbines Ltd on the recent investment into MCT by EDF Energy, one of the UK’s major utility companies and the UK subsidiary of Electricité de France, to fund the groundbreaking SeaGen project.
1 January 2006