Capital Markets

Accessing the capital markets is a defining moment for many businesses and, even for those that do so frequently, the stakes and potential consequences mean that expert advice and flawless execution are essential.

At Fladgate we are experts in assisting companies in raising new equity, either through admission to the London Stock Exchange’s (LSE) Main Market, the AIM Market (AIM) or through a dual quotation if the company is already listed overseas.

With a significant proportion of our clients being fast-growing and entrepreneurial businesses, we have developed wide-ranging experience of AIM and are regularly ranked by the independent legal directories as one of the leading law firms for AIM-related matters. We act for both domestic and overseas companies, as well as for nominated advisers and brokers on a range of flotations, reverse takeovers and secondary fundraisings across multiple sectors.

The Standard segment of the LSE’s Main Market offers the attraction of a Main Market listing at a considerably lower cost than an AIM admission and we are actively working on listings of this kind for our clients.

We have also developed extensive overseas networks of lawyers, accountants and other advisers to enable us to provide a proactive and efficient service for clients operating internationally and have advised clients on the listing of specialist debt and equity securities on capital markets worldwide.

If you have any questions or queries please call David on +44 (0)20 3036 7358 or email

Fladgate LLP’s ‘approach is pragmatic and constructive’, with its ‘very knowledgeable lawyers providing excellent service’.

Legal 500
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Fladgate LLP bolstered its practice with the arrivals of Nigel Gordon and life sciences and natural resources expert Chris Chrysanthou from Fasken Martineau LLP.  Grant Gordon heads the team, which includes Avram Kelman, who represents numerous tech sector related Israeli companies.

Legal 500

“Excellent lawyer” Avram Kelman of Fladgate LLP focuses his practice on assisting Israeli companies with capital markets concerns.  He is based in London and stands out for his knowledge of UK-related capital markets transactions.  He also assists clients with compliance matters regarding TASE.

Chambers Global

‘Safe pair of hands’ David Robinson acted on a number of TMT deals including, alongside associate Jamie Hamilton, Gfinity’s £3.5m placing. The ‘practical’ Paul Airley is another name to note.

Legal 500

Fladgate is increasingly regarded as a draw for AIM flotations and related transactions…with a wealth of experience to offer domestic and international clients.

Chambers UK

Fladgate LLP “always provides good service on competitive terms”. The “diligent, tenacious and practical” David Robinson has “a very deep understanding of commercial and legal issues”, and recently advised BidTimes on its re-admission to AIM as Powerhouse Energy Group.

Legal 500

Fladgate LLP provides “fully considered solutions”. David Robinson is “highly knowledgeable and proactive”, and Avram Kelman is a “superior lawyer”.

Legal 500

  • Sealand Capital Galaxy Limited – advising on admission to London Stock Exchange.
  • WideCells Group PLC  – advising on admission to London Stock Exchange’s Main Market.
  • Shore Capital – advising on admission of Yü Group PLC to AIM.
  • Allenby Capital – advising in relation to placing for Strategic Minerals PLC.
  • Associated British Engineering Plc – an underwritten open offer, reorganisation and capital reduction for this industrial engineering company listed on the main market of the London Stock Exchange. Beaumont Cornish Ltd acted as the company’s sponsor. The proceeds of the open offer were applied to the cancellation of 8% Preference Shares. The court–approved capital reduction resulted in the cancellation of 7% Preference Shares in consideration of the issue of new ordinary shares and loan notes.
  • Shore Capital and GMP Securities – advising the nominated adviser and brokers on a capital raising on AIM for Fastnet Oil & Gas Plc.
  • TSX-V listed Bacanora Minerals Ltd – £4.75m placing and admission to AIM.
  • Sterling International Enterprises Ltd – raising of US$175m through the listing of global depository receipts on the Luxembourg Stock Exchange.
  • BATM Advanced Communications Ltd – various matters including the acquisition of Telco Systems for US$326m, the successful admission of BATM’s shares to trading on the main market of the London Stock Exchange, a share placement to raise £122m to underpin expansion (placed in the UK as well as in the US via a 144A placing), the raising of US$80m by way of a placing of new ordinary shares for cash with institutional investors and the memorandum of understanding BATM entered into with Sun Microsystems Inc.
  • AIM listed LiteBulb Group – acquisitions of Meld Group Ltd, Bluwstuff Ltd, Go Entertainment Group Ltd and Concept Merchandise Ltd. Contemporaneously with the acquisitions, LiteBulb raised equity and debt finance.
  • Roxi Petroleum Plc – US$40m equity financing, to provide funding to develop its key oil and gas assets in Kazakhstan.
  • Gujarat NRE Coke Ltd – raising of US$20m through the listing of convertible bonds on the Singapore Stock Exchange.
  • AIM listed One Delta Plc – £3m fundraising and the £2.62m all-share acquisition of Audioboo Ltd. The acquisition constituted a reverse takeover under the AIM Rules and following shareholder approval the company was readmitted to AIM and renamed Audioboom Group Plc. Subsequently, Fladgate advised the company on its £8m placing.
  • AIM listed Xtract Resources PLC – acquisition of the Manica gold project in Mozambique for a consideration of approximately US$12.9m to be satisfied partly by the payment of cash and partly by the issue of shares in Xtract.