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Charles Russell's Corporate Finance Group is independently
recognised as one of the best for our size in the UK for M&A,
AIM and corporate finance in general. Below are our latest
profiles for the leading independent directories.
Chambers Directory 2007
Corporate Finance AIM
Corporate finance is another area in which the firm is experiencing
a great deal of success, with its work in the buoyant AIM
market of particular note. It acted on deals worth more than
£450 million in the first half of 2006 - 15 for issuers
and 13 comprising an international element. Complex corporate
work also arrives in a steady flow, and much of this has an
international flavour. Highlights include acting for Arian
Silver Corporation on its multimillion-pound reverse takeover
of Hard Assets.
Department head Simon Gilbert "doesn't get bogged down
in technicalities," say appreciative clients, and takes
a hands-on approach to the work.
AIM flotations are also a particular area of expertise and
highlights include advising Sirius Exploration on its AIM
listing. As head of the department, Francis Rundall enjoys
a reputation as "king of the castle" and an "extremely
able and sound practitioner."
Legal 500 Directory 2006
Flotations: small and mid cap (this includes AIM)
Through 2005 Charles Russell LLP maintained its prolific small-cap
practice. It handled 36 AIM transactions, mostly on the broker
side. Yet highlights for 2005 also included acting for foreign
natural resources companies, most notably African Gold plc
on its £55.3m reverse takeover by Mwana African Holdings.
The practice is led by nice guy Simon Gilbert.
Mining and Minerals
The corporate finance team at Charles Russell LLP, headed
up by Simon Gilbert, has advised on AIM placements by mining
companies, including the listing of Gemfield Resources operating
in Zambia, acting for Canaccord Capital (Europe), and the
£5m placing of Latitude Resources. The team also advised
African Gold plc, now Mwana Africa plc, on its reverse takeover
by Mwana Africa Holdings.
Legal 500 Directory
2005
Corporate Finance AIM
Charles Russell is particularly strong in advising brokers.
It has a good relationship with Canaccord, advising it in
2004 on the £40.5m AIM admission of Oriel resources,
and the £15m placing for European Nickel. The firm completed
20 AIM transactions in 2004. The practice is lead by the 'accessible
and understanding' Simon Gilbert.
Chambers & Partners
2005 - 2006
Corporate Finance
The firms: This firm enjoys a reputation among clients for
its "prompt, professional and personal service,"
adopting a "partner-led approach to transactions. The
firm remains an enigma to peers who are impressed with a group
that manages to combine cutting-edge corporate and AIM work
with traditional private client matters in both the City and
beyond. Clients are drawn from the ranks of financial advisers,
issuers, brokers and growing corporates, who lauded the firm's
"reasonable and sensible pricing". Membership of
two overseas law associations services clients' cross-border
requirements. The team recently acted for Canaccord Capital
(Europe) and Durlacher on the £35 million placing and
admission to AIM of NETeller.
The lawyers: Clients appreciate that Simon Gilbert is "well-attuned
to the negotiating process" and "knows when to intervene
and not to". His "quiet and unassuming manner"
was also seen as a strength.
Clients/Work highlights: The team advised AIM-listed Spiritel
on its acquisition of and reverse takeover by the shareholders
of Expo communications. It also acted for Bema Gold Corporation
on the issue of $70 million convertible bonds and its Luxembourg
listing. New clients include African Gold and Carnival.
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