Michelmores advise Modern Water plc on AIM fundraising

London-based partner Ian Binnie, who heads Michelmores' fast-growing capital markets practice, has advised AIM quoted client Modern Water plc on its £1.75m placing, completed as an accelerated book build, and associated subscription.

Modern Water, which is headquartered in Guildford, owns, installs and operates world-leading membrane technologies as well as developing and supplying advanced systems for water monitoring.

The Michelmores team was led by capital markets partner Ian Binnie with assistance from corporate associate Edwin Richards.

Commenting on this latest AIM transaction for Michelmores, Ian Binnie said:

“We are extremely pleased to have supported Modern Water in this over-subscribed equity fundraising. The Michelmores capital markets team has seen fantastic growth in public markets activity over the last 12 months. In addition to acting for the Firm's existing AIM and Main Market clients, we regularly act for many of the most active nominated advisers and brokers, as well as winning new mandates from AIM companies who value the depth of our experience, our commercial approach and the outstanding value for money we can offer."

Ian Binnie is ranked in Chambers 2017 as a noted practitioner for capital markets.