FFW’s AIM practice scores 11th and 12th deal in 2004
26 May 2004
Field Fisher Waterhouse's burgeoning AIM practice, led by
Anthony Brockbank and Dominic Gurney-Champion, continues to lead
the way. The team recently advised Hemisphere Properties PLC
on a reverse takeover and subsequent re-listing, involving a £60
million property acquisition. It has also acted for Seymour
Pierce Limited on a £3.7 million placing and admission to AIM of
VANE Holdings plc. These deals are the team’s 11th and
12th in 2004, a sign that the growth it enjoyed in 2002 and 2003 -
where it acted on 17 and 27 AIM transactions respectively - is
being healthily sustained. The team is also currently working
on a further 7 AIM deals, 6 of which are IPOs due to complete in
the summer.
The FFW team which advised Hemisphere was led by partner Dominic
Gurney-Champion and comprised partner Mark Sellers (property) and
solicitors George Cotter (corporate) and Kate Davenport
(property). Howard Kennedy advised Nabarro Wells & Co.,
the nominated adviser to Hemisphere.
Hemisphere Properties PLC is an AIM listed property investment
company. The acquisition was primarily Chinese with
Hemisphere acquiring the corporate owner of a large site in Lanzhou
which contains a shopping centre and on which it is proposed to
develop a 28 storey 5 star hotel.
Anthony Brockbank advised Seymour Pierce on the VANE Placing and
Admission to AIM. Hammonds advised VANE.
VANE is a minerals exploration and development company focusing
on defining and developing projects from a databank of exploration
files accumulated by Freeport-McMoran Cooper and Gold
Company. It has also acquired a Mexican high-grade precious
metal deposit which it proposes to bring into production within 6
months of admission to AIM.
For further press information please contact:
Ben Girdlestone, Communications Manager on 020 7861 4968
Louise Eckersley, PR Executive on 020 7861 4120