LG helps premier Asian fund management group raise $280M through AIM
26 June 2006
ARC Capital Holding to join AIM with $120 market cap
LG, the London-based business law firm, has advised new client ARC Capital Holdings Limited ("ARC") 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.
ARC is a newly incorporated company created to engage in investment in equity, debt and other interests in listed and unlisted companies that are engaged in retailing, provide services that support the retail industry, manufacture or distribute consumer products or services in China and other countries in Asia.
Corporate finance partner Nick Heather led the LG team advising ARC which included John Reed as lead associate and Troy Keily.
Nick says: "This is the second successful fund launch that we have handled for Pacific Alliance Group in recent months. VinaLand Limited raised $200 million in March and now ARC has gained admission to AIM with a market cap of $120 million. We are pleased to be associated with one of Asia's premier fund management groups."
Grant Thornton acted as nominated adviser to ARC and LCF Edmond de Rothschild Securities Limited was broker. Chinese legal advise was provided to ARC by Jingtian & Gongcheng, while Maples and Calder provided Cayman Islands law advice. Faegre & Benson LLP were lawyers for the nominated adviser.
Notes to editors:
- LG is a London-based corporate law firm which has advised on over 180 AIM transactions raising in excess of £1.5 billion – over 6% of monies raised on AIM to date.
- With over 270 lawyers, LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures.
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Nick Heather
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