Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 30-09-2013 | Practice Area: | Equity Capital Markets |
| Deal Title: | Better Capital Fund II Capital Raising | Industry: | Equity Investment Instruments |
| Description: |
Guernsey corporate lawyers from Carey Olsen have acted for private equity fund Better Capital PCC Limited on the raising of GBP185.6 million through a placing and open offer to new and existing shareholders.
Net proceeds of GBP182 million were deployed into Better Capital's Fund II to invest in a portfolio of distressed businesses.
The fundraising follows Better Capital PCC Limited's conversion into a protected cell company and the launch of Fund II last year.
The Carey Olsen team advising Better Capital on the fundraising was led by corporate partner Tom Carey and included senior associate Tony Lane.
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| Financial Center: | Guernsey | Value: | 100.01-500.00 |
| Advised Party: | Issuer | Law Firm | Carey Olsen |
| Issuer Jurisdiction - | Guernsey | Listing Jurisdiction - | Guernsey |
| Classification: |
Secondary Offerings and Placings Channel Islands Stock Exchange: |
Lawyer | Tom Carey |
