International law firm Bird & Bird celebrates closing four Aim market placings in one week.
Bird & Bird has been successful in closing four Aim market placings in one week, as businesses look for capital growth in what has been a scarce IPO market this year to date.
The team advised leading brokers: WH Ireland in relation to the fundraising for exploration company UK Oil & Gas plc. an ambitious oil and gas exploration company. This transaction follows UK Oil & Gas' readmission to the AIM Market last year which the team also advised on. Again, WH Ireland in relation to the fundraising for lithium miner, Cadence Minerals. Panmure Gordon in relation to the fundraising for Finnish biopharmaceutical company Faron Pharmaceuticals Oy. The team have advised Panmure on Faron Pharmaceuticals Oy's last five placings. Cantor Fitzgerald Europe in relation to the fundraising for UK renewable energy company, Simec Atlantis Energy Limited.
Clive Hopewell, partner at Bird & Bird, told Global Legal Post "Whilst IPOs have been scarce this year, companies in a variety of sectors listed on AIM are making active use of the market, raising funds to continue their growth plans. As well as growing our listed corporate client base we are also acting for more nomads and brokers." These transactions were worked on by members of the capital markets team comprising Clive Hopewell (international head), Simon Allport (partner), Nicholas Heap (legal director) and Freddie Spearman and Charlotte Hart (associates).