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Nabarro advises Sunrise Securities and Seymour Pierce on the $120,000,000 admission to trading on AIM of Titanium Asset Management
21 June 2007
Law firm Nabarro has advised Sunrise Securities Corp (Financial Adviser and Placing Agent) and Seymour Pierce (Nominated Adviser and Broker) on the admission today to trading on AIM of Titanium Asset Management Corp. The admission was accompanied by the placing of 20,000,000 Units (comprising one share and one warrant) of $6.00 per Unit, valuing Titanium at $120,000,000.
Nabarro has previously advised Seymour Pierce many times, but this was the first instruction from US boutique investment bank, Sunrise Securities Corp, who have been successful in placing shares on AIM in a large number of special purpose acquisition corporations (SPACs). Sunrise is a leading investment bank for SPACs, which offer management teams a unique public equity vehicle to raise capital for transactions within their specialist area.
The corporate team at Nabarro (advising Sunrise Securities Corp and Seymour Pierce) was led by corporate partner, Elliot Shear. Elliot was assisted by corporate associates, Edward Craft and Eleanor Baxter. Mintz, Levin LLP advised Titanium Asset Management.
Elliot Shear, corporate partner, comments: “It was a pleasure to work again for Seymour Pierce and a particular delight to receive instructions for the first time from Sunrise Securities, on this complex and innovative transaction. Sunrise is a leader in the SPAC arena and has sole managed some of the most notable transactions in this space to date. We look forward to continuing our relationship with Seymour Pierce and developing a new and strong relationship with Sunrise.”
For further information please contact:
Charlotte Tandy
Lansons Communications
020 7566 9706
charlottet@lansons.com
