The corporate team from Bristol-headquartered national law firm Burges Salmon has advised asset management company Premier Asset Management Group on its listing on the London Stock Exchange’s AIM market.
The Burges Salmon team, led by partner Chris Godfrey, pictured, and assisted by senior associate Emma Sorrell and associate Mark Cook, advised Premier Asset Management on all legal aspects of the initial public offering (IPO).
Premier Asset Management, a fast-growing UK retail asset management group, raised gross proceeds of around £63.7m by placing new and existing ordinary shares at 132p per share, giving the group a market value of around £139.7m.
Chris said: “Premier is a long-standing client of the firm and we have been acting for them for over 10 years on a variety of matters.
“It is a leading provider in this market and we are very pleased to have been able to advise Premier on its return to wider public ownership, which is particularly positive in light of the UK’s recent referendum decision and current economic uncertainty.”
Premier chief executive Mike O’Shea added: “We have worked closely with Chris and the Burges Salmon team for over 10 years.
“The team has genuine knowledge of the funds sector and our business and their advice, experience and commercial guidance has been essential in helping us to navigate our way through the IPO, which has been a complex process. They bring a real team ethos to their work and it has been a pleasure to work with them.”