Investment funds

Listed funds

Advises on the launch and secondary issues, including C share issues and placing programmes of closed-end London listed funds and investment trust companies.

Advisory support

Advised all six of the investment trust companies managed by Jupiter Asset Management on the implementation of AIFMD, including drafting new investment management agreements and negotiating depositary agreements and new global custody and accounting services agreements.

M&A

Advises on M&A deals in the asset management and financial services sector including the sale of a fund management group and the sale of a household and car insurance broking business for a high street bank.

Public and private M&A

Liz advises clients on a broad range of M&A transactions, including public takeover offers and private company asset or share deals. Transactions include:

Sale of LOVEFiLM

Advising on the sale of all of the remaining shares of LOVEFiLM International to Amazon, which was a significant minority shareholder.

Sale of Chaucer

Advising the shareholders of the Chaucer Management Consultancy group on their sale to Growth Capital Partners.

Takeover of Macdonald Hotels

Advising the independent board on the MBO of this large listed hotel group.

Private equity and venture capital

Liz has advised UK and international venture capital and mid-market private equity houses, as well as management teams and investee companies. Transactions include:

Venture capital

Advising VC house Arts Alliance on a number of venture capital investments including Propertyfinder, LOVEFiLM, Blinkbox, Player X, Park Circus and Arts Alliance Media.

Woodford Investment Management

Advising an investee company on a recent substantial investment into it by Woodford Patient Capital Trust plc and CF Woodford Equity Income Fund.

Archimedes Pharma

Advising this pharmaceutical company in relation to restructuring and shareholder matters arising between its (then) two private equity investors and the subsequent buy-out of Warburg Pincus by Novo A/S.

Equity capital markets

Acting for the advisers

Acted for a large number of sponsors, Nomads and placing agents on main market and AIM IPOs and secondary issues.

Listed funds

Advised on the launch and secondary issues, including C share issues and placing programmes of closed end London listed funds and investment trust companies.

Continuing obligations

Advising main market and AIM companies on their continuing obligations, including under the Listing, Prospectus and AIM Rules and the Disclosure and Transparency Rules.

Corporate

Jupiter Second Split Trust plc

Acted on a section 110 scheme for the reconstruction of an investment company with multi class shares.

Real Estate Opportunities Limited

Acted on the reconstruction by way of a court approved scheme of arrangement of this split capital London listed company which, at the time, was the owner of Battersea Power Station.

Jupiter Green Investment Trust plc

Advised this London listed company in respect of the innovative amendment to the rights attached to its ordinary shares to give them embedded annual subscription rights to subscribe for further ordinary shares.

Technology

Liz has advised a number of clients on corporate finance transactions in the technology sector. Transactions include:

LOVEFiLM

Advised on every significant corporate transaction undertaken, including on its acquisition of Amazon Europe's DVD online rental business in the UK and Germany.

Arts Alliance Media

Advised on its financing structure to fund digital cinema rollouts across Europe under a virtual print fee model.

Sale of Propertyfinder

Acting for the vendors of the group which owned Propertyfinder.com, the UK's first property search website, on its sale to News International.

Funds and financial services

Listed funds

Advises on the launch and secondary issues, including C share issues and placing programmes of closed-end London listed funds and investment trust companies.

Advisory support

Advised all six of the investment trust companies managed by Jupiter Asset Management on the implementation of AIFMD, including drafting new investment management agreements and negotiating depositary agreements and new global custody and accounting services agreements.

M&A

Advises on M&A deals in the asset management and financial services sector including the sale of a fund management group and the sale of a household and car insurance broking business for a high street bank.