Corporate partners Tim Lewis and Rachel Bond took the lead for Macfarlanes advising new client Record on its placing of shares to raise £88.6m for selling shareholders.
Travers corporate finance chief Spencer Summerfield acted for JP Morgan Cazenove as sponsor and sole bookrunner, alongside senior assistant Chris Gower.
Record is a specialist currency investment manager and provider of currency hedging services for institutional clients. Founded in 1983, Record managed assets worth a combined $54.7bn (£26.9bn) as of September 2007.
Macfarlanes clinched the mandate after pitching for the work in May, having not previously represented the client. Conditional trading commenced on 28 November, with admission on 3 December.
Commenting on market conditions, Bond told Legal Week: “It has been a difficult market. If I was speculating on why this deal got through when other listings haven’t, I would say it is because it is a slightly special case. What the company does is very unusual, if not unique, and it is not often institutional investors get this kind of opportunity.”
The role continues a busy period of capital markets activity for Summerfield. In recent months he has acted for underwriter Panmure Gordon on the £105.8m float of veterinary services company CVS Group and also advised Dresdner Kleinwort and Arbuthnot Securities as joint underwriters on a £60m rights issue by Costain Group.
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