LG advises on float of Ukrainian real estate fund
09 August 2007
LG’s Investment Funds team advised Aisi Realty Public Limited (“Aisi”) on its placing and admission to AIM that raised $33.1m which together with existing pre-IPO investment gives the Company a market capitalisation of $109.7m.
Aisi is an investment vehicle established in April 2006 to invest in residential, office and industrial real estate development projects in the Ukraine with a focus on Kiev.
The LG team advising Aisi consisted of corporate finance partner Nick Heather and corporate assistants John Reed and Kris Rogers.
Commenting on the deal, Nick said “Our recent fund launches have been in Japan, China, Vietnam, India and now we welcome Ukraine. Aisi is further evidence of the AIM market being seen as an attractive venue to raise funds for investment in all parts of the world.”
The placing was carried out by Libertas Capital who acted as nominated adviser and broker to Aisi. Libertas Capital were represented by Eversheds LLP.
Note to editors
- LG is a business law firm, advising clients around the world. It has advised on almost 250 AIM transactions raising more than £3.3 billion – 7% of all monies raised on AIM so far.
- According to research by Hemscott, the international provider of high quality business & financial data, LG is ranked as the top legal adviser to AIM companies according to AIM client market capitalisation as well as profits.
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Nick Heather
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