White & Case and CC cash in on London listing of guarantor loans provider Amigo
US firm takes lead role for Bournemouth-based loans company as CC acts for banks
June 08, 2018 at 08:25 AM
2 minute read
White & Case and Clifford Chance (CC) have won lead roles on the initial public offering (IPO) of Amigo Holdings, the parent company of guarantor loans provider Amigo Loans.
The Bournemouth-based company is being advised on the London listing by a White & Case London team led by corporate partner Ashley Ballard and capital markets partners Jonathan Parry, alongside capital markets partner Rob Mathews and M&A partner Nicholas Greenacre.
Amigo, which made £72m in adjusted profit before tax in the year up to March, serves about 200,000 borrowers in the UK. The company says it holds nearly 90% of the guarantor lending market share.
Parry and Mathews also advised Amigo Holdings in January 2017 on the offering by its wholly-owned subsidiary Amigo Luxembourg of £275m worth of senior secured notes and the establishment of a £57m revolving credit facility.
CC, meanwhile, is advising JP Morgan Cazenove and RBC Capital Markets on the IPO, with a team led by Adrian Cartwright, the firm's global practice area leader for capital markets.
White & Case is also currently advising on the London listing of Czech cybersecurity company Avast, alongside Latham & Watkins. The company is expected to be valued at £2.4bn. The White & Case team is being co-led by London-based private equity co-head Ian Bagshaw and City corporate partners Jonathan Parry and Jill Concannon.
Earlier this year, London capital markets partners told Legal Week that they are anticipating a flurry of IPOs this year ahead of the UK's exit from the EU next March, with many listings expected to be pushed through early in order to avoid uncertainty in the run-up to Brexit.
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