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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 Adams Limited.

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 deals:

  • 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 2006.
  • 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 Resources Plc.
  • 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 base.”

For further press information, please contact:
Louise Eckersley, PR Manager, on +44 (0)20 7861 4120.