Field Fisher Waterhouse advises on three AIM deals in a week
02 November 2007
Field Fisher Waterhouse LLP has completed three
AIM deals in just one week. Two of the deals were advising on
acquisitions for long-standing clients of the firm, and the third
was acting for new client, broker Fox-Davies Capital.
The first was advising Myhome International plc on
the acquisition of ChipsAway for £20 million. Myhome is a leading
provider of franchised service operations. ChipsAway is a mobile
service, repairing scratches, chips and other minor damage to car
paintwork using proprietary technology.
The deal is expected to turn the group into one of
the largest franchise operators in the UK, with 12 franchise brands
covering more than 800 franchise territories and 1,000 vehicles in
the UK, and international representation in 14 countries.
Corporate partner
Dominic Gurney-Champion led on the deal,
having previously advised on the company’s flotation on AIM in
December last year. He was assisted by solicitors Owen Oliver and
Carlton Durrant. ChipsAway was advised by DLA Piper.
The firm has also advised broker Fox-Davies
Capital for the first time, on a £12 million debt and equity
fundraising for Van Dieman Mines plc. Van Dieman is an AIM listed
mining company that is developing its 100% owned tin and sapphire
mines in Tasmania.
Partner Dominic
Gurney-Champion led on the deal. Van Dieman was advised by
LG.
Lastly, the firm advised Tellings Golden Miller
Group plc on the purchase of OFJ Connections Limited (OFJ) for
£5.15 million.
Tellings is a bus and coach operator, and has been
a client of the firm since it advised on the company’s flotation on
AIM in August 2003. OFJ is a principal operator of air
passenger and aircrew transport at Heathrow airport.
Partner Dominic
Gurney-Champion led on the deal, assisted by solicitors
Marianne Lasserre and Clare Farnell. Raworths advised OFJ.
These deals reflect the strength of Field
Fisher Waterhouse’s Corporate Finance
Group, having advised on 38 AIM deals so far this year.
Dominic Gurney-Champion said: “We are
delighted to have completed these three deals in the space of just
one week. It demonstrates that there is still considerable activity
on the AIM market. What we are also seeing is that as the number of
IPOs has slowed down recently the majority of the work is now
coming from companies already listed on the market either making
acquisitions or carrying out further fundraisings. This also
reflects the fact that AIM is becoming more mature resulting in an
increasing level of secondary activity.”
For further press information, please contact:
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on +44 (0)20 7861 4120
Scarlett Yianni, PR Assistant,
Field Fisher Waterhouse LLP on +44 (0)20 7861 4795