Nabarro advises AssetCo on £15 million fundraising
28 January 2009
Nabarro LLP has advised AIM-traded AssetCo plc on its fundraising of £15 million, through the issue of redeemable preference shares by its subsidiary to client funds managed or advised by North Atlantic Value LLP.
AssetCo has also issued over 25 million warrants, at a price of 61.2 pence per ordinary share.
AssetCo provides integrated support services, vehicles and equipment to UK emergency services and security organisations. The funds will be used to support its development activities to secure long term integrated support service contracts outside the UK and particularly in the Middle East.
Nabarro corporate partner Iain Newman and associate Kristy Duane led the Nabarro team, assisted by associate Alexandra Marsh. AssetCo was also advised by Mills Selig (Northern Ireland) and Conyers, Dill & Pearman (Bermuda). North Atlantic Value was advised by Bircham Dyson Bell.
Corporate partner Iain Newman commented: “Our corporate group has in depth expertise in advising clients on raising funds to assist with plans for global growth. It was a pleasure to work with longstanding client AssetCo on this transaction and encouraging given the current economic climate.”
If you would like any further information or have any queries please contact:
Charlotte Tandy
Lansons Communications
T +44 (0)20 7566 9706
charlottet@lansons.com
