Field Fisher Waterhouse advises on eight AIM deals
16 November 2009
Field Fisher Waterhouse LLP, which has a leading reputation in
the AIM market and over 40 AIM and fully listed clients, has had a
busy month advising on eight AIM transactions.
The Equity Capital Markets Team at
Field Fisher Waterhouse has advised client Handmade Plc, the UK and
US based film entertainment company, on a £17m fundraising and
associated transactions. The fundraising will enable the company to
enter into a joint venture with National Geographic Kids
Entertainment (a children’s entertainment venture founded by the
world renowned National Geographic Society), to complete the
acquisitions of both the Animation Collective Group and certain
intellectual property assets of Duchess of York, Sarah Ferguson.
Charles Russell advised the broker to the fundraising, Canaccord
The firm also acted for broker FinnCap on the flotation on AIM
of M Winkworth Plc, the holding company of Winkworth, the leading
national chain of estate agents. The company, which focuses on mid
to upper-range residential property sales, plans to use the money
it raised to take advantage of the recovery in the UK housing
market. M Winkworth Plc was advised by Nabarro.
In addition, the firm also advised on the following AIM
- Hidefield Gold Plc: The firm advised Hidefield Gold Plc on the
recommended acquisition by Minera IRL Limited to be effected by
means of a Scheme of Arrangement under Part 26 of the Companies Act
- Desire Petroleum plc: The firm advised broker Seymour Pierce
Limited on a £42m fundraising for AIM listed Desire Petroleum Plc,
with the proceeds of the fundraising to be used for further oil and
gas exploration activities in the Falkland Islands.
- Meridian Petroleum Plc: The firm advised AIM listed client
Meridian Petroleum Plc on a £6.7m placing and open offer to
fund expansion opportunities.
- Enova Systems Inc.: The firm advised broker Investec Bank UK
plc on a US$10 million fundraising by AIM listed Enova Systems Inc.
to finance working capital requirements.
- Astaire Securities Plc: The firm advised Astaire Securities Plc
on an acquisition, reverse takeover and fundraising by North River
- GMA Resources Plc: The firm acted for AIM listed client GMA
Resources Plc on the £1.9m sale of a 9% stake in the company to a
subsidiary of ASCOM Precious Metals.
Corporate partners Anthony Brockbank and Dominic Gurney-Champion
led on the Handmade and Winkworth deals, assisted by a team of
lawyers in the equity capital markets team.
Dominic Gurney-Champion commented:
“We have seen a continued rise in AIM Market transactions over the
past few months, which stands as a great testament to the strength
and depth of the Equity Capital Markets Team and our client
For further press information, please
Louise Eckersley, PR
Manager, on +44 (0)20 7861 4120.