CC and Ashurst lead on property group's £220m IPO
Clifford Chance (CC) and Ashurst have won roles on Europe's largest initial public offering (IPO) of 2009 – the £220m listing of Max Property Group. CC took the lead for Max Property Group, which last week listed on London's Alternative Investment Market (AIM) and the Channel Islands stock exchange (CISX). Equity capital markets partner Simon Thomas and corporate partner Adrian Levy led the CC team.
June 04, 2009 at 09:20 AM
1 minute read
Clifford Chance (CC) and Ashurst have won roles on Europe's largest initial public offering (IPO) of 2009 – the £220m listing of Max Property Group.
CC took the lead for Max Property Group, which last week listed on London's Alternative Investment Market (AIM) and the Channel Islands stock exchange (CISX). Equity capital markets partner Simon Thomas and corporate partner Adrian Levy led the CC team.
Ashurst was brought in to advise Morgan Stanley as bookrunner, lead manager and nominated adviser and Oriel Securities as co-lead manager. The team was led by corporate partner Nicholas Holmes.
Max Property group is incorporated in Jersey and will be advised by property magnate Nick Leslau's company, Prestbury Investments. The group will aim to profit from the downturn in the UK real estate sector.
Prestbury took separate advice, turning to regular firm Olswang under corporate partner Duncan McDonald.
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