LG advises Asian investment company on $275m Aim listing
20 September 2006
Pacific Alliance Group raises $600m through AIM in one year
LG, the London-based business law firm has advised Pacific Alliance Asia Opportunity Fund Limited ("Pacific Alliance") 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.
Pacific Alliance is a newly incorporated company established to make investments in individual companies and assets mainly in Greater China and other countries in Asia.
Corporate finance partner Nick Heather led the Lawrence Graham team advising Pacific Alliance which included John Reed and Fiona Mcllreavy.
Nick said: "We are delighted to be involved in this significant fund raising on AIM. This now brings to approximately $600 million the funds raised by the fund manager, Pacific Alliance Group, over the last 12 months on AIM and demonstrates the increasing attractiveness of the market for overseas fund managers."
Pacific Alliance Group's other recent fundraisings through AIM were Vinaland Limited (raising $200m in March 2006) and ARC Capital Holdings Limited (raising $120m in June 2006), both of which were advised by Lawrence Graham.
Grant Thornton acted as nominated adviser to Pacific Alliance and LCF Edmond de Rothschild Securities Limited was broker. Chinese legal advice was provided by Jingtian & Gongcheng, while Maples and Calder provided Cayman Island law advice. Faegre & Benson LLP were lawyers to the nominated adviser and broker.
Notes to editors
- LG is a London-based corporate law firm advising growth market clients seeking to raise capital for business ventures.
- LG has advised on over 190 AIM transactions, helping clients to raise over £1.5 billion in new funds.
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Nick Heather
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