Overview
We acted in an advisory role, drafting a placing memorandum (prospectus) under the old style POS regulations.
We then worked in conjunction with a firm of stockbrokers in order to identify and target private clients, successfully completing the transactions without the requirement for any form of equity underwriting.
Kingswood also coordinated the legal and tax planning advice that was provided to the Board of Directors. This included a share re-organisation and the conversion of the entity into a new PLC holding company. We also provided general support and advice throughout the process.
Sector: Defence
Deal Type: Private Placement
Deal Value: £undisclosed
Website: undisclosed
Our Involvement
- Sponsored a private placing to raise equity for an unlisted PLC
- Advisory role which involved drafting a placing memorandum
- Worked with stockbroker to target private clients
- Successfully completed the transaction with no requirement to underwrite equity
- Coordinated legal and tax planning advice for the Board
