International law firm Stephenson Harwood LLP has advised Miton UK MicroCap Trust plc (the "Company") on a proposed issue of C shares by way of a placing, offer for subscription and intermediaries offer together with a placing programme.
The Company was launched in 2015 with an investment objective to provide shareholders with capital growth over the long term. The Company invests in the smallest companies quoted or traded on an exchange in the UK. The Company is targeting an initial issue of £30 million to invest in both existing portfolio companies and in companies not currently held by the Company.
Stephenson Harwood advised on all legal and regulatory aspects of the fundraising as well as the launch of the Company in 2015. William Saunders, head of funds at Stephenson Harwood commented "We are delighted to be advising Miton UK MicroCap on this fundraising. Miton is a market leading asset management firm and we look forward to assisting them on future deals."
The Stephenson Harwood team was led by corporate partner William Saunders, who was assisted by corporate associate Alexa Whitehead and trainee solicitor, Jessica Harris.