Pacific Alliance fund raises $400m
22 November 2007
The investment funds team at LG, the London-based law firm, has advised Pacific Alliance China Land Limited (“Pacific Alliance China”), a newly incorporated Cayman company established to invest in existing properties and new property developments in China.
Pacific Alliance China raised $400m in conjunction with an application to have its share capital admitted to AIM. Dealings commence on 22 November 2007. The assets of Pacific Alliance China will be managed by Pacific Alliance Real Estate Limited.
The LG team advising Pacific Alliance China consisted of corporate finance partner Nick Heather and corporate associates John Reed and Kristian Rogers.
Commenting on the deal Nick said: “We are very pleased to be involved in the launch of Pacific Alliance China, which is one of the bigger AIM floats in recent months. It helps consolidate the strong reputations of our funds group and confirms our continuing involvement in the biggest AIM transactions.”
The nominated adviser was Grant Thornton and the broker was LCF Edmund de Rothschild Securities Limited. Both were represented by Halliwells LLP.
Notes to editors:
- LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures. It has advised on over 250 AIM transactions raising more than £3.6 billion in new funds.
- LG is the top AIM legal adviser and top adviser to the Financial sector by client market capitalisation, according to the latest Hemscott AIM Advisers Rankings Guide.