Listed funds in London

Gowling WLG

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.

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 WalkerEversheds 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.’