A Locke Lord London team of Nicholas Jennings represented Derriston Capital plc, an LSE standard listed shell, regarding its conditional share purchase agreement to acquire S4 Capital Limited, Sir Martin Sorrell’s newly incorporated entity aiming to build a multi-national communication services business focused on growth. Sir Martin Sorrell contributed £40 million in the venture in a recently completed £51 million equity fundraising. Per terms of the deal, Derriston Capital plc will change its name to S4 Capital plc. For more information, please see the press release.
Locke Lord’s London capital markets team advises domestic and international issuers on listings in the UK, and offers clients the benefit of a dedicated capital markets team in both the UK and the US. The team has significant experience in both main market and AIM market transactions on the London Stock Exchange including premium and standard listings, secondary equity fundraisings, pre-IPO fundraisings, reverse takeovers, corporate governance and ongoing regulatory advice.
Posted May 31, 2018