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Corporate Partner Ian Binnie with support from Corporate Solicitor Rav Sagar has advised client Whitman Howard as sole bookrunner in the oversubscribed £12 million equity placing and subscription for Koovs plc, the e-commerce fashion business focused on the Indian market. The placing follows Future Lifestyle Fashions, part of Future Group – India’s largest retail group, agreeing to make a strategic investment of up to 29.9 per cent in Koovs. The placing is subject to Koovs shareholder approval.
Nick Lovering, Head of Corporate Finance at Whitman Howard said “The Capital Markets team at Michelmores were once again able to deliver within a very challenging timescale and, as always, were a pleasure to work with.”