Field Fisher Waterhouse advises on £8.9 million fundraising
05 November 2012
Field Fisher Waterhouse LLP has advised
financial adviser, nominated adviser and joint broker, Westhouse
Securities Limited on a fundraising to raise up to £10
million.
The team was led by corporate partner, Amerjit Kalirai and assisted by solicitor,
Rashed Hasan. The
fundraising involved the placing, subscription and open
offer of unsecured convertible loan notes by Private &
Commercial Finance Group plc (PCFG) to raise up to £10
million. In addition to the placing and subscription,
PCFG also made an open offer to all shareholders and holders of its
existing convertible loan notes to raise approximately £4.1
million, which was underwritten by BCB. As a result of the
potential equity interest of BCB and its concert parties in PCFG,
the transaction required a Takeover Code "whitewash"
procedure.
For further information, please
contact:
Paula
Nugent, PR Executive, Field Fisher Waterhouse LLP on 020 7861
4526
Louise Eckersley, PR Manager,
Field Fisher Waterhouse LLP on 020 7861 4120