LG advises Arbuthnot Securities on £190m AIM deal trio
21 September 2007
LG, the London-based business law firm, has advised Arbuthnot Securities ("Arbuthnot") – a leading investment bank for growth companies – in connection with a series of recent AIM deals with an aggregate value of approximately £190m.
LG is advising Arbuthnot, nominated adviser and broker to Ragusa Capital Plc, in connection with Ragusa's £173 million AIM reverse takeover of Argentinean electricity, oil and gas and hydro assets from Ketsal, Integra Investment and Andes Oil, together with its associated fundraising of £6.5m. The deal is conditional on shareholder approval (1 October).
At the same time, LG is advising Arbuthnot in connection with its £8m Placing for MicroEmissive Displays Group plc and a further £2m Placing for Gourmet Holdings Plc.
The LG team advising Arbuthot on it's deals for Ragusa Plc and MicroEmissive Displays Group plc was led by corporate partner Tom Nicholls with assistance from James Morgan and Fiona McIlreavy. Corporate partner Nick Heather advised Arbuthnot in connection with its placing for Gourmet Holdings Plc.
Tom Nicholls, LG corporate partner, said: "This trio of deals cements our long-standing relationship with Arbuthnot, which has seen a significant increase in instructions in the last 12 months. We look forward to many more successful deals in the future."
The Placings for MicroEmissive Displays Group plc and Gourmet Holdings Plc were announced 18 and 21 September, respectively. Both are conditional on shareholder approval.
Notes to editors
- LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures. It has advised on 250 AIM transactions raising more than £3.3 billion – 7% of all monies raised on AIM so far.
- Ragusa Capital Plc was provided legal advice by Nabarro in London and by Brons & Salas in Buenos Aires. MicroEmissive Displays Group plc was advised by Wilmer Cutler Pickering Hale and Dorr LLP. Gourmet Holdings Plc was advised by Dechert LLP.
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