The Michelmores Capital Markets team has advised new AIM quoted investment bank client Arden Partners plc (as sole bookrunner and joint broker) and existing client Whitman Howard (as joint broker) in a £7.83 million placing (carried out as an accelerated book build) for AIM traded Reabold Resources plc, an investment company focused on the natural resources/E&P sector.
The Michelmores team was led by Corporate Partner Ian Binnie and Corporate Associate Edwin Richards.
Ian Binnie, who heads the Michelmores Capital Markets team said:
“We were extremely pleased to have again supported a fundraising for Reabold Resources and to support new AIM client Arden Partners. The size of this fundraising (and the fact that it was oversubscribed) reflects the ability of AIM companies with compelling strategies to achieve significant institutional support. The Michelmores capital markets team has quickly become one of the ‘go to’ AIM legal advisors and continues to win new mandates from both issuers and advisory/broking houses.”