Lovells hired on £500m rights issue
Lovells has won a role advising on the latest real estate rights issue, with the top 10 City law firm instructed by property investment and development company SEGRO. The £500m issue, which is subject to shareholder approval but is priced at a significant discount, comes after the company announced losses of nearly £1bn during the year ending 31 December. Lovells fielded a team for SEGRO from its UK, Europe and US offices with corporate partner Nigel Read leading a team that also included London corporate partner Nicola Evans, US securities partner Katherine Mulhern, real estate partner Katherine Watts and tax partner Kevin Ashmar.
March 11, 2009 at 10:38 PM
1 minute read
Lovells has won a role advising on the latest real estate rights issue, with the top 10 City law firm instructed by property investment and development company SEGRO.
The £500m issue, which is subject to shareholder approval but is priced at a significant discount, comes after the company announced losses of nearly £1bn during the year ending 31 December.
Lovells fielded a team for SEGRO from its UK, Europe and US offices with corporate partner Nigel Read leading a team that also included London corporate partner Nicola Evans, US securities partner Katherine Mulhern, real estate partner Katherine Watts and tax partner Kevin Ashmar.
The rights issue is being fully underwritten by a consortium of banks including Barclays Capital and HSBC and broker RBS Hoare Govett.
Linklaters advised the underwriters fielding a team led by corporate partner John Lane.
Legal Week
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllDavis Polk Veterans Launch M&A, Private Equity Boutique in France & Italy
2 minute readDentons and Eversheds Advise on Billion-Dollar Gulf Infrastructure Projects
3 minute readTrending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250