BLP advises on equity fundraising and bonus issue by fully listed Queen’s Walk

Berwin Leighton Paisner (BLP) is advising Liberum Capital Limited in its capacity as sponsor and broker in connection with an equity fundraising by way of a placing and open offer by Queen’s Walk Investment Limited and a related bonus issue of preference shares which will also be listed on the UK’s Main Market.

The fundraising is expected to raise gross proceeds of approximately €26.6m which will principally be used for investment in the European real estate debt market in accordance with a revised investment policy which, along with the fundraising and bonus issue, is subject to shareholder approval.

Queen’s Walk, an authorised closed-ended investment company listed on the UK’s Main Market, has previously been focused on investing in a diversified portfolio of subordinated tranches of asset-backed transactions.  As at 31 March 2010 the Company’s investment portfolio was valued at €92.5m and the Company had a Net Asset Value per share of €3.73.

Corporate Finance Partner, Alex Latner, is leading the BLP team, assisted by Richard Werner and Emma Nicholls. 

Herbert Smith LLP (Scott Cochrane) is advising Queen’s Walk.

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