02 Sep 2010
LG India focus pays further dividend with major AIM IPO
International business law firm Lawrence Graham LLP ("LG") has advised nominated adviser Arden Partners Plc (Arden) in connection with a £37 million AIM IPO for Indian outsourcing and call centre operator, iEnergizer. The company's shares are due to be admitted to trading on AIM on 14 September 2010.
Arden placed a total of 32 million shares, priced at 116p to give the company an initial market capitalisation of £174 million, making it one of the largest AIM flotations for several months.
The company is based near New Delhi, India and is one of the largest and most progressive International Call Centers and supplier of back office outsourcing systems in the Asia Pacific region.
The LG team advising Arden included Corporate partner Tom Nicholls and Corporate solicitor Rebecca Gordon.
Tom Nicholls said: "As one of the largest IPOs on AIM in recent months, the fundraising is an impressive result for Arden. We are delighted that the expertise that Lawrence Graham has built around Indian companies raising funds in London continues to pay dividends and that the pipeline of work flowing from the region remains strong."
Notes to editors:
- LG advises entrepreneurial and growth market clients seeking to raise capital for their business ventures.
- LG's dedicated India Group has extensive experience of advising Indian businesses on their international expansion and a significant track record having acted on over one third of all the IPOs for Indian companies or funds that have listed on AIM.
- LG is ranked as No.1 Legal Adviser to AIM clients by both number of clients and market capitalisation (Hemscott, August 2010). We are named as adviser to nine of the AIM 100 companies, with no other firm listed as acting for more than five. It is anticipated that iEnergizer will go straight into the AIM 100 index.