BLP finishes year with hat trick of IPOs
Berwin Leighton Paisner LLP (BLP) has advised on a hat trick of flotations in rapid succession.
BLP scored its first Indian AIM admission, floating the Isle of Man holding company of DQ Entertainment plc (DQE), and raising approximately £26.83 million. Lead partner, Louise Workman worked closely with one of BLP’s preferred Indian law firms, Khaitan & Co, to take DQE to market. On admission, DQE had a market capitalisation of $US100 million. Evolution Securities was the Nomad and Evolution Securities and E*Trade were the Brokers.
BLP advised Randall & Quilter Investment Holdings plc (Randall & Quilter), run-off management service provider and acquirer of solvent insurance companies in run-off , on its successful admission to AIM. Randall & Quilter raised £31m and had a market capitalisation of £69.9 million. Corporate Finance partners John Bennett and Murdoch Currie led the deal with Noble & Company Limited as the Nomad and Broker to the placing with Numis Securities, which also acted as bookrunner.
BLP advised AsianLogic Limited on its flotation on AIM and related £53.9m fundraising, valuing the company at £122.4m. Led by Head of Corporate Finance, David Collins, this landmark deal was the first “pure play”, Asian-focused gaming business to come to the London market. The placing of shares by Collins Stewart, AsianLogic’s nomad and broker, is raising £9.8m for existing shareholders and £44.1m for the company.
Commenting on the transaction, David Collins said:
“Notwithstanding difficult market conditions in the last fortnight, the Corporate Finance group has been involved in the flotations of three very different companies from three different geographies on AIM. This wraps up another successful year that has seen the team act on IPOs with a total market capitalisation value of over £1.7 billion, raising in aggregate approximately £500 million.”
If you need further information, please contact David Collins at email@example.com.