Equity Capital Markets

Our Practice

Our equity capital markets (ECM) specialists, many of whom have spent time working at investment banks, advise on a full range of UK, US and domestic securities laws in relation to all types of equity and equity-linked transactions. These include IPOs, secondary offerings, block trades, global depositary receipt (GDR) offerings and convertible and exchangeable bond issues.

We also have recognised expertise in structuring, launching and listing investment funds across a broad client base.

Our integrated US securities law team regularly advises on international equity offerings, with a particular focus on Rule 144A and Regulation S offerings.

The Simmons & Simmons Equity Capital Markets team is ranked in Chambers UK 2014, endorsing its experience on a "broad range of issues, including IPOs, block trades, secondary offerings and private placements. [It] also provides integrated US securities capacity, and is adept at handling offerings across multiple jurisdictions."

ECM practice head, Chris Horton "balances his advice suitably with commercial awareness" and has "a good connection to bank-side work," Chambers UK 2017.

Experience

Our recent international ECM team experience includes advising:

  • Tel Aviv-based Matomy Media Group Ltd. on the admission of the company’s shares on the High Growth Segment of the London Stock Exchange’s main market, and the $75m initial public offering of its shares to institutional investors
  • J.P. Morgan Cazenove, Numis and Jefferies on a £100m firm placing and placing and open offer by The UNITE Group plc
  • J.P. Morgan, Peel Hunt, Canaccord Genuity and Shore Capital on the £581m IPO of Circassia Pharmaceuticals plc
  • J.P. Morgan Cazenove as sole bookrunner and manager on the £157m placing of shares in Jupiter Fund Management plc on behalf of funds advised by TA Associates Management LP
  • Liberum Capital Limited and Macquarie Capital (Europe) Limited as Joint Bookrunners on a £43m placing by Sirius Minerals Plc of new ordinary shares and warrants in respect of new ordinary shares
  • J.P. Morgan Cazenove and Numis on a £78m placing by Interserve plc to part finance its proposed £250m acquisition of the facilities services business of Rentokil Initial plc
  • Rothschild, Investec and Liberum Capital on a £75.1m firm placing and placing and open offer by Costain Group plc
  • HSBC and Numis on a £26 million placing by Chime Communications PLC to part finance its £44 million acquisition of Just Marketing, Inc.
  • Jefferies International, J.P. Morgan Cazenove and Numis Securities on the £1.2bn IPO of AO World.