Gowling WLG maintains its position as a go-to in the listed funds space, offering major public funds support through their entire lifecycle from inception to reconstruction, to takeovers, mergers, and liquidations. Investment fund veteran Nick Heather serves as team head, and is joined by a wide bench that includes fund structuring and public fund M&A specialist John Reed, the ‘outstanding’ Oliver Riley, who assists clients with launches, structurings, and reconstructions of onshore and offshore funds, and Kristian Rogers, who is an expert in capital raisings and restructurings. Kate Seabourne-Pugh‘s broad remit spans IPOs, secondary fundraisings, and various related transactions. Emily Airton is another key name.
Listed funds in London
Gowling WLG
Responsables de la pratique:
Nick Heather
Autres avocats clés:
John Reed; Oliver Riley; Kristian Rogers; Kate Seabourne-Pugh; Emily Airton
Les références
‘Gowling WLG deliver a high-quality service, led by hands-on partners with excellent sector experience.’
‘Their lawyers actively seek to deliver a robust and commercial service to clients. They balance an effective mix of legal and underlying sector knowledge. They always seem to be fully committed to a project and available, right across their team. We often work with Oliver Riley, who is outstanding.’
Principaux clients
Atrato Onsite Energy plc
Achilles Investment Company Limited
Atrato Group Limited
Weiss Korea Opportunity Fund Ltd.
JPMorgan Japan Small Cap Growth & Income Plc
Rockwood Strategic Plc
Octopus Renewables Limited
Hipgnosis Songs Fund Limited
Home REIT plc
Harmony Energy Income Trust plc
AssetCo plc
Marex Group plc (formerly Ellora Partners Limited)
Cordiant Digital Infrastructure Limited
HydrogenOne Capital Growth plc
Castelnau Group plc
Life Science REIT plc
Foresight Sustainable Forestry Company plc
Triple Point Energy Transition plc
Downing Renewables & Infrastructure Trust plc
Temple Bar Investment Trust PLC
Octopus Renewables Infrastructure Trust plc
CEIBA Investment Limited
Numis Securities plc
Winterflood Securities Limited
Peel Hunt LLP
Jefferies International Limited
Singer Capital Markets Limited
Panmure Liberum Limited
Cavendish Securities plc (formerly Cenkos Securities plc)
Stifel Nicolaus Europe Limited
Urban Logistics REIT plc
Empiric Student Property plc
Ruffer Investment Company Limited
GCP Asset Backed Income Fund Limited
AEW UK REIT PLC
Molten Ventures plc
BlackRock Frontiers Investment Trust plc
BlackRock American Income Trust plc
BlackRock Energy and Resources Income Trust plc
J.P. Morgan Cazenove
Odyssean Investment Trust plc
Tufton Oceanic Assets Limited
Investec Bank plc
Mercia Asset Management plc
RBC Europe Limited
Chenavari Toro Income Fund Limited
Shore Capital and Corporate Limited
abrdn European Logistics Income PLC (formerly Aberdeen Standard European Logistics Income PLC)
International Biotechnology Trust plc
ICG-Longbow Senior Secured UK Property Debt Investments Limited
Montanaro UK Smaller Companies Investment Trust plc
Joh. Berenberg, Gossler & Co. KG
Akur Capital Limited
DCI Advisors Limited
Onward Opportunities Limited
Principaux dossiers
- Advised Foresight Sustainable Forestry Company plc on its £167m recommended cash takeover offer with share alternative by Arizona Bidco Limited, a wholly-owned, indirect subsidiary of Averon Park Limited.
- Advised Atrato Onsite Energy plc on the disposal of its entire portfolio of solar assets to a Brookfield-backed joint venture vehicle for £218.7m, on a change of investment policy, and on its liquidation.
- Advised Molten Ventures plc on its recommended all-share takeover offer for Forward Partners Group plc.
Herbert Smith Freehills Kramer LLP
Focused on advising some of the largest issuers in the market, Herbert Smith Freehills Kramer LLP advises sector players on matters including prospectus publishing, structuring work, tax issues, and regulatory matters, as well as helping funds, managers, and others to respond to hostile takeovers. The practice is led by Tim West, who is engaged for his capabilities in regulatory work, the launching and restructuring of funds, corporate transactions, and various other areas, and includes Nigel Farr, who specialises in fund establishment work. Nish Dissanayake‘s expertise includes advising asset managers on regulatory changes and implementation projects. Newly appointed partner Krishna Shorewala is another key team resource.
Responsables de la pratique:
Tim West
Autres avocats clés:
Nigel Farr; Nish Dissanayake; Krishna Shorewala
Principaux clients
Abrdn Asia Income Fund
Amedeo Air Four Plus
Apax Global Alpha
Baillie Gifford China Growth Trust
Baillie Gifford Shin Nippon
Baillie Gifford UK Growth Trust
Baillie Gifford US Growth Trust
BioPharma Credit
BlackRock Greater Europe Investment Trust
BlackRock Smaller Companies
BlackRock World Mining Trust
Boussard & Gavaudan Holdings
Brunner Investment Trust
CVC Income & Growth
Doric Nimrod Air Two
Doric Nimrod Air Three
Edinburgh Worldwide Investment Trust
European Smaller Companies Trust
Gabelli Merger Plus+
GCP Infrastructure Investments
HarbourVest Global Private Equity
Henderson European Focus Trust
Impax Environmental Markets
JPEL Private Equity
JPMorgan American Investment Trust
JPMorgan Asian Growth & Income
JPMorgan Asian Investment Trust
JPMorgan European Discovery Trust
JPMorgan European Growth & Income
JPMorgan Global Growth & Income
JPMorgan UK Smaller Companies Investment Trust
M&G Credit Income Investment Trust
Marble Point Loan Financing
Menhaden Resource Efficiency
Mercantile Investment Trust
Merchants Trust
NB Global Monthly Income Fund
NB Private Equity Partners
Numis Securities Limited
Pershing Square Holdings
Polar Capital Global Financials Trust
Polar Capital Global Healthcare Trust
Polar Capital Technology Trust
Real Estate Credit Investments
RTW Biotech Opportunities
Schiehallion Fund
SDCL Energy Efficiency Income Trust
SME Credit Realisation Fund
Third Point Offshore Investors
TR European Growth Trust
Volta Finance
Witan Investment Trust
Worsley Investors
Principaux dossiers
- Instructed by BlackRock to draft an agreement with Saba in respect of the governance and operation of BlackRock investment trusts.
- Assisted JPMorgan Global Growth & Income plc with publishing a prospectus dated 18 October 2024 for a placing programme of up to 150,000,000 ordinary shares and information relating to prior issues of 95,019,139 ordinary shares.
- Advised African Lango Real Estate Limited on its migration from Mauritius to the UK and the internalisation of its investment management in anticipation of its proposed IPO.
Hogan Lovells International LLP
Well-versed in alternative asset classes, seasoned listed funds specialist Erik Jamieson leads the listed funds offering at Hogan Lovells International LLP. As a broad and experienced practice, the team has significant expertise advising infrastructure and renewables funds, sponsors, investors, banks, and activists. Handling various instructions, from transactions, to investment manager appointments, 110 restructuring schemes, buybacks, and more, its bench is staffed with new partner James Alder, who works with issuers, banks, and investment managers in relation to various transactions, and Amy Williamson, who focuses on infrastructure and renewables funds, assisting clients with IPOs, secondary issuances, corporate actions, and regulatory work.
Responsables de la pratique:
Erik Jamieson
Autres avocats clés:
James Alder; Amy Williamson
Les références
‘One of the leading listed funds practices in the City, led by the excellent Erik Jamieson and supported by a strong team of associates.’
‘Erik Jamieson is amongst a very short list of leading practitioners in this field. Deeply knowledgeable, very measured, and a pleasure to work with.’
Stephenson Harwood
Stephenson Harwood’s listed funds operation runs the full gamut of mandates, and has been active in some of the IPOs and the hostile takeover defences seen in the market recently. Practice leader Alex Haynes is experienced in the establishment of funds, fundraisings, and reorganisations and reconstructions, as well as handling corporate transactions for investment managers. He is joined by William Saunders, who acts for investment trusts, offshore funds and investment managers; Carolyn Hall, who handles corporate matters for clients in the investment space, advising issuers and investment banks on IPOs; and Nick Horton, whose remit spans launches and regulatory, management and reconstruction work, advising funds and their managers. Alexa Whitehead is a key name for corporate transactions and actions, and Kate Longman’s caseload spans IPOs, secondary issuings, reconstructions, and more.
Responsables de la pratique:
Alex Haynes
Autres avocats clés:
William Saunders; Carolyn Hall; Nick Horton; Alexa Whitehead; Kate Longman; Victoria Silver
Les références
‘William Saunders really understands how to build strong long-term client relationships. He’s readily accessible by clients and very responsive to their needs, but does not shy away from speaking his mind when required. The quality of the team around him, including Kate Longman and Victoria Silver, is outstanding.’
‘Extremely experienced team with strong individuals covering all aspects of the listed fund regime.’
‘Alex Haynes – deep industry knowledge, creative solutions. Victoria Silver – extremely hardworking, task-focused, and excellent drafting skills.’
Principaux clients
Akur Limited
Allianz Global Investors GmbH
Allianz Technology Trust PLC
Alternative Liquidity Fund Limited
Alti RE Limited
APQ Global Limited
Artemis UK Future Leaders plc
Aseana Properties Limited
Ashoka India Equity Investment Trust plc
Ashoka WhiteOak Emerging Markets Trust plc
Asian Energy Impact Trust plc
Augmentum Capital LLP
Augmentum Fintech plc
AVI Japan Opportunity Trust plc
Baillie Gifford US Growth Trust plc
BDO LLP
Bellevue Healthcare Trust plc
Better Society Capital Limited
BlackRock Income & Growth Investment Trust plc
BlackRock Smaller Companies Trust plc
BlackRock Throgmorton Trust plc
Canaccord Genuity Limited
Cantor Fitzgerald Europe
Capital Gearing Trust P.l.c.
Cavendish Securities plc
CC Japan Income & Growth Trust plc
CG Asset Management Limited
Chikara Investments LLP
City of London Investment Trust plc
Corevestis Portfolio Management GmbH
Custodian Property Income REIT plc
Development Partners International LLP
Digital 9 Infrastructure plc
Dr. Peters Holding GmbH
Dragon Capital Limited
Eighteen East Capital Limited
Ellora Partners Limited
European Opportunities Trust plc
Fair Oaks Income Limited
GCP Asset Backed Income Fund Limited
GCP Infrastructure Investments Limited
Geiger Counter Limited
Gore Street Capital Limited
Gore Street Energy Storage Fund plc
Gravis Advisory Limited
Gravis Capital Management Limited
Grit Real Estate Income Group Limited
Gulf Investment Fund plc
Henderson European Trust plc
Henderson International Income Trust Fund
Home REIT plc
Impax Asset Management Group plc
Invesco Asia Dragon Trust plc
Invesco Fund Managers Limited
Investec Bank plc
J.P. Morgan Cazenove
Jefferies International Limited
Joh. Berenberg, Gossler & Co. KG
JPMorgan European Discovery Trust plc
JPMorgan Japanese Investment Trust plc
Jupiter Green Investment Trust plc
KR1 plc
Kudu Investment Management, LLC
Lazard Asset Management Limited
Lowland Investment Company plc
Manchester & London Investment Trust plc
Menhaden Resource Efficiency PLC
MIGO Opportunities Trust PLC
Mobius Emerging Markets LLP
Mobius Investment Trust plc
Molten Ventures VCT plc
Numis Securities Limited
Oakley Capital Investments Limited
Panmure Liberum Limited
Peel Hunt LLP
PME African Infrastructure Opportunities plc
PMM Partners
Premier Miton Global Renewables Trust plc
Premier Miton Investors
Recognition Music Limited
Sancus Lending Group Limited
Scape Living plc
Scape Student Limited
Schroder British Opportunities Trust plc
Schroder BSC Social Impact Trust plc
Schroder European Real Estate Investment Trust plc
Schroder Investment Management Limited
Schroder Real Estate Investment Management Limited
Schroder Real Estate Investment Trust Limited
Schroder UK Mid Cap Fund plc
Schroders Capital Global Innovation Trust PLC
Seraphim Space (Manager) LLP
Seraphim Space Investment Trust plc
Shore Capital and Corporate Limited
Shore Capital Stockbrokers Limited
Singer Capital Markets Securities Limited
Stifel Nicolaus Europe Limited
Strand Hanson Limited
Strategic Equity Capital plc
Sturgeon Capital Limited
SuperSeed Capital Limited
SuperSeed Ventures LLP
SVM UK Emerging Fund plc
The Bankers Investment Trust PLC
The Bauhaus Investment Trust plc
The Brunner Investment Trust PLC
The Diverse Income Trust plc
The European Smaller Companies Trust plc
The Investment Company plc
The Law Debenture Corporation plc
The Lindsell Train Investment Trust plc
The Merchants Trust PLC
Third Point LLC
Victory Park Capital Advisors
Vietnam Enterprise Investments Limited
Vietnam Holding Limited
VPC Specialty Lending Investments PLC
Whiteoak Capital Group
Winterflood Securities Limited
Principaux dossiers
- Advised Baillie Gifford UK Growth Trust plc, Schroder UK Mid Cap Fund plc, The European Smaller Companies Trust plc, and Henderson Opportunities Trust plc in connection with their defences against the requisitions by Saba.
- Advised Henderson EuroTrust plc and Henderson European Focus Trust plc on their proposed merger to create an enlarged flagship European investment trust to be managed by the European equities team at Janus Henderson.
- Advised Digital 9 Infrastructure plc in relation to its managed wind-down including changes to the composition of the board and the appointment of a new manager on strategy and tactics in relation to shareholder communications.
Dentons
Spread across London and Edinburgh and specialising in regulatory work, the listed funds group at Dentons is co-headed by Guy Norfolk, a key contact for a range of prominent asset managers, and fellow co-head Claire Armstrong, who has broad experience advising closed-ended funds on advisory and transactional matters. Offering services to a wide range of funds, brokers, managers, and other interested parties on various actions within the sector, such as mergers, takeovers and shareholder activism, corporate governance, buybacks, and more, the team includes listed funds tax specialist Alastair MacLeod, who is a key name for REITs, and Stuart Fitzsimmons, who advises on debt finance transactions for investment trusts. Cameron Half specialises in matters involving US securities, and Owen McLennan is familiar with a range of fund instructions, while the ‘hardworking’ Sarah Wylie is highly recommended for an array of asset management and investment fund-related matters.
Responsables de la pratique:
Guy Norfolk; Claire Armstrong
Autres avocats clés:
Alastair MacLeod; Stuart Fitzsimmons; Cameron Half; Owen McLennan; Sarah Wylie
Les références
‘Very deep talent pool amongst partners and associates with an excellent knowledge of the closed end fund sector.’
‘Guy Norfolk – always available for clients, great knowledge of sector. Claire Armstrong – great knowledge and creative in ensuring tasks are completed. Sarah Wylie – very hardworking, good drafting and knowledge of the sector.’
‘Guy Norfolk – extremely experienced, knowledgeable and easy to communicate with. Sarah Wylie – likewise. Both are great to work with and a credit to the firm, and why I keep coming back to Dentons.’
Principaux clients
The North American Income Trust plc
Invesco Global Equity Income Trust plc
Cavendish Capital Markets
The PRS REIT plc
Baillie Gifford & Co
Hansa Investment Company Limited
Invesco Bond Income Plus Limited
Edinburgh Investment Trust plc
abrdn UK Smaller Growth Companies plc
Edinburgh Worldwide Investment Trust plc
Impax Environmental Markets plc
CQS Natural Resources Growth and Income plc
Principaux dossiers
- Acted for two of the ‘Saba Seven’ in relation to the requisition notices received by Saba Capital in December 2024.
- Acting for The PRS Reit plc on the negotiated withdrawal of a requisition notice received for a group of its shareholders.
- Finalised the simplification of Invesco Select Trust plc following a general meeting and meetings for each class, where it was agreed to consolidate the four share classes into one share class: Global Equity Income.
Norton Rose Fulbright
Banks, asset managers, sponsors, listed funds, and institutional investors all turn to Norton Rose Fulbright for advice on the full spectrum of work in the closed-ended listed funds sphere. Practice head Richard Sheen advises on the launch and structuring of investment funds, ECM transactions, and asset manager M&A. He is joined by Ian Fox, whose expertise includes the establishment and restructuring of various investment vehicles and advising on various corporate actions within the sector. Mark Lloyd Williams’ remit comprises advising various parties on primary and secondary offerings, and the acquisitions of fund interests and management groups, and Alexander Green handles structuring, fundraising and various ECM matters. Margaret Simcock is another name to note.
Responsables de la pratique:
Richard Sheen
Autres avocats clés:
Ian Fox; Mark Lloyd Williams; Alexander Green; Margaret Simcock
Les références
‘Ian Fox is one of those partners who seems to know everything yet remains focused on delivering practical solutions.’
‘Strong team with many years of experience in the listed funds sector. Easy access to other specialist areas within the firm such as tax and regulatory where necessary.’
‘Ian Fox is a very experienced, hands-on practitioner. Always available with clear, sound and commercial advice.’
Principaux clients
BBGI Global Infrastructure SA
Bluefield Solar Income Fund Limited
Ecofin US Renewables Infrastructure Trust PLC
F&C Investment Trust plc
JP Morgan Cazenove
Investec Bank plc
Macau Property Opportunities Fund
Numis Securities Limited
Brookfield Asset Management
RBC Capital Markets
Singer Capital Markets Limited
The Renewables Infrastructure Group Limited
Trian Investors 1 Limited
UIL Limited
UIL Finance Limited
Winterflood Securities Limited
Nikko Asset Management
Jefferies International Limited
Merrill Lynch International
Goodbody Stockbrokers
Utilico Emerging Markets Trust PLC
Panmure Liberum
Principaux dossiers
- Advised Bank of America Securities, as sole sponsor to RTW Biotech Opportunities Ltd (RTW), in connection with the issue of shares by RTW, acting as the rollover vehicle, pursuant to a scheme of reconstruction of Arix Bioscience under section 110 of the Insolvency Act.
- Advising BBGI Global Infrastructure on the £1.062bn recommended cash offer by British Columbia Investment Management Corporation.
- Advising Ecofin US Renewables Infrastructure Trust PLC on the changes to its investment policy to facilitate a managed wind-down of the Company and the sale of a portfolio of distributed solar assets in the US to True Green Capital Fund IV, LP.
Travers Smith LLP
With Jeremy Elmore at the helm, Travers Smith LLP‘s listed funds team is instructed by various parties in the listed funds space, advising on complex tender offers, M&A, managed wind-downs, restructuring schemes, US securities, and more. The group includes the ‘immensely knowledgeable’ Aaron Stocks, who has notable experience with IPOs. Will Normand acts for various players in the closed-ended space, as does Stuart Mackenzie, who ‘knows listed funds inside-out’.
Responsables de la pratique:
Jeremy Elmore
Autres avocats clés:
Aaron Stocks; Will Normand; Stuart Mackenzie; Manisha Shuklas
Les références
‘Incredibly responsive, trusted advisers who provide a clear steer and answers to requests.’
‘Aaron Stocks is immensely knowledgeable and experienced. Stuart Mackenzie has always been quick to respond and knows listed funds inside-out.’
‘Aaron Stocks and the team are rare amongst City lawyers. You tell them where you want to get to, and they try to help you achieve it, rather than telling you why you can’t!’
Principaux clients
Literacy Capital
Book Asset Management LLP
Chrysalis Investments Limited
RM Infrastructure Income
Nippon Active Value Fund
Marwyn Capital LLP
Care REIT
Schroder British Opportunities Trust
Stifel Nicolaus Europe Limited
Singer Capital Markets Securities Limited
Smithson Investment Trust
Oakley Capital Investments Limited
Principaux dossiers
- Advised Chrysalis Investments Limited on the adoption of a new capital allocation policy, termination of external management arrangements with Jupiter, appointment of a new third-party AIFM, and entry into a new investment advisory agreement.
- Advised Panmure Liberum on the combination of JPMorgan Mid Cap Investment Trust with JPMorgan UK Smaller Companies Investment Trust plc.
Cadwalader, Wickersham & Taft LLP
The team at Cadwalader, Wickersham & Taft LLP advises well-established and start-up sponsors, asset managers, and listed funds focused on a range of asset classes. Practice head Michael Newell assists various sector players with the establishment and reorganisation of investment vehicles, regulatory compliance, agreements with shareholders, managed realisation and wind-downs, and more. Jack Andrew Kelly is experienced in counselling environmentally and socially-focused sponsors and impact investors.
Responsables de la pratique:
Michael Newell
Autres avocats clés:
Jack Andrew Kelly
Les références
‘Mike Newell’s knowledge crosses all disciplines – listed funds, real estate, tax, etc. – gives us all the knowledge and advice we need access to.’
‘Mike Newell is second to none in my opinion, with Jack Kelly supporting.’
Principaux clients
Greencoat UK Wind PLC
Residential Secure Income PLC
Principaux dossiers
- Acting as legal counsel to Greencoat UK Wind PLC, advising the independent board in regards to the renegotiation of its investment management arrangements, including its management fees with the company’s investment manager, Schroders Greencoat LLP, updating the existing investment management agreement, and assisting Greencoat with the regulatory announcements required.
- Advised Residential Secure Income PLC in reviewing options for maximising shareholder value, reslting in the board of ReSI PLC announcing that it would be in the best interests of shareholders for ReSI PLC to adopt a Managed Realisation and Wind-Down strategy.
Charles Russell Speechlys LLP
Charles Russell Speechlys LLP‘s public funds offering is jointly led by regulatory specialist Victoria Younghusband, and corporate actions and transactions-focused expert Andrew Collins. The team, which includes tax specialist Robert Birchall, is engaged by various funds, managers, and other sector entities for advice on establishment and structuring work, regulatory issues, tax mandates, takeovers, insolvencies, and other corporate matters in the listed funds world. Emily Dobson’s main areas of interest include takeovers, while Lewis Currie's remit includes managed realisations and wind-downs.
Responsables de la pratique:
Victoria Younghusband; Andrew Collins
Autres avocats clés:
Robert Birchall; Emily Dobson; Lewis Currie
Les références
‘My experience of the team is that they have a depth of knowledge and experience to draw on that sets them apart in terms of the ability to service or deal with more complex matters really well.’
‘Victoria Younghusband is simply brilliant. An utterly reassuring hand on the tiller at all times.’
Principaux clients
The Biotech Growth Trust
Shore Capital
VinaCapital Investment Management Limited
India Capital Growth Fund
LMS Capital plc
Duke Royalty
Chelverton UK Dividend Trust Plc
Chelverton SDV 2031 ZDP Plc
Chelverton SDV 2025 ZDP Plc
Chelverton Asset Management Limited
Principaux dossiers
- Acted for The Biotech Growth Trust in the drafting of a circular and Notice of General Meeting for review by the FCA seeking shareholder approval for a related party transaction, being a revision to the portfolio management agreement to change the benchmark against which the performance fee is calculated.
- Advising Chelverton UK Dividend Trust on its proposals for refinancing the zero dividend preference shares issued by its subsidiary SDV 2025 ZDP plc by way of incorporating a new subsidiary SDV 2031 ZDP plc and a Section 110 Scheme.
- Advising India Capital Growth Fund on the novation of its investment management agreement to SVM Asset Management Limited as planned following the acquisition of its investment manager Ocean Dial Asset Management Limited by River Global and on the related RNS announcement.
CMS
Counting investment banks, managers, and funds as clients, CMS advises on s.110 insolvencies, tax and regulatory work, tender offers and mergers in the listed funds sector. Team lead Jack Shepherd acts for both issuers and banks, advising on changes of investment manager and revisions of investment policies, and Alasdair Steele advises on an array of corporate matters. Kirsty Duane is a key name for M&A, IPOs, fundraisings, cross-border transactions, and takeovers, and Jennifer Gray has been involved in transactions, IPOs and secondary fundraises.
Responsables de la pratique:
Jack Shepherd
Autres avocats clés:
Alasdair Steele; Kate Darracott; Kirsty Duane; Jennifer Gray
Les références
‘CMS have every angle of the industry covered, whether it be drafting and assisting with day to day operational challenges, managing difficult situations, or tax and advisory services, and they do them all extremely well. Their staff are all accessible and easy to work with.’
‘In-depth listed fund practice that delivers the whole firm as needed – but is also always available for the simple ad hoc questions that arise so often.’
‘Alasdair Steele is a standout lawyer who is always measured, thoughtful and commercial.’
Principaux clients
Aquila European Renewables
Aquila Energy Efficiency Trust
Sequoia Economic Income Infrastructure Fund
Templeton Emerging Markets Investment Trust
Securities Trust of Scotland
CT Private Equity Trust
New Star Investment Trust PLC
Principaux dossiers
- Advised LondonMetric Property Plc on its recommended all-share offer for UK REIT LXi REIT plc for £1.9bn.
- Advised Aquila European Renewables on its proposed section 110 Insolvency Act transaction with a number of a listed investment companies, and its subsequent managed wind-down.
- Advised Towers Watson Investment Management in connection with the public merger of Alliance Trust plc and Witan plc.
Eversheds Sutherland (International) LLP
Working under the leadership of Michaela Walker, Eversheds Sutherland (International) LLP‘s caseload spans the navigation of hostile takeover attempts, changes of manager, depository negotiations, fundraisings, and end-of-life matters, alongside various other corporate actions specific to public funds. Based between London and Edinburgh, Sarah Burnside advises a range of funds on corporate governance, fundraising, and regulatory matters, with a noted specialism in ESG and responsible investing. Liz Kwok is experienced with an array of investment vehicles.
Responsables de la pratique:
Michaela Walker
Autres avocats clés:
Sarah Burnside; Liz Kwok; Sarah Kopec
Les références
‘The team is part of a group which is well respected within the financial services sector, with genuine investment trust knowledge and experience.’
Principaux clients
Gresham House Energy Storage Fund PLC
VH Global Energy Infrastructure plc
Janus Henderson Fund Management UK Limited
Impax Asset Management Limited
Principaux dossiers
- Advised Gresham House Energy Storage Fund PLC (GRID) on the cancellation/reduction of its share premium account and merger relief reserve to release over £500m into GRID’s distributable reserves.
- Advised VH Global Energy Infrastructure plc (ENRG) on adopting a « Sustainability Impact » label under the FCA’s new SDR regime, which included assessing whether ENRG satisfied the requirements of the ESG rules and preparing consumer-facing and pre-contractual disclosures.
- Advised Impax Asset Management Limited on the pre-contractual disclosure document and consumer facing disclosure document in relation to Impax Environmental Markets plc in relation to the “Impact label” it was seeking to adopt pursuant to the FCA rules implementing its Sustainable Disclosure Requirements.
Reed Smith LLP
Michael Young heads up the listed fund operation at Reed Smith LLP, which benefits from the experience of Delphine Currie, who is a seasoned equity capital markets lawyer who assists with IPOs, secondary fundraisings, regulatory compliance, and REITs. Recent instructions have centred around schemes of reconstruction and insolvency matters, strategic reviews and restructurings, takeovers, and assisting various sector players with their corporate needs. Also on the team is Kat McGriskin, who takes on instructions involving M&A, restructurings, multijurisdictional transactions, joint ventures, and more. Samantha Myers arrived from Gowling WLG in February 2025.
Responsables de la pratique:
Michael Young
Autres avocats clés:
Delphine Currie; Kat McGriskin; Samantha Myers
Les références
‘Solid commercial advice and effective transaction management.’
‘Delphine Currie is calm, efficient, knowledgeable, and experienced.’