BLP advises Panmure Gordon & Co. plc
Berwin Leighton Paisner (BLP) advised AIM-quoted Panmure Gordon & Co. plc (Panmure) on the placing of 72,000,000 shares with BlueGem LP (BlueGem), through its subsidiary BlueGem Water Holding BV, and an institutional investor. The placing raised £17.3m for Panmure Gordon.
Following the placing, BlueGem will own approximately 40.3 percent of Panmure’s enlarged share capital.
The cash injection from BlueGem, a private equity firm whose advisory board boasts one of some of the Square Mile’s biggest names, will significantly strengthen Panmure’s balance sheet.
Corporate finance partner Benjamin Lee and senior corporate finance associate Nicholas Myatt led the BLP team, assisted by senior associate Richard Werner and associate Dessi Berhane Silassie.
Commenting on the deal, Benjamin said: “This transaction builds on BLP’s strong advisory relationship with the Panmure board. We are delighted to have assisted Panmure in agreeing this strategic investment, giving them a strengthened capital foundation from which to enhance its current product offering and client service.”
ING Bank NV (William Marle and Mark Garrood) acted as financial advisers to Panmure.
Lincoln International LLP (Darren Redmayne) and Burness LLP (Grant Stevenson) advised BlueGem.
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