Clifford Chance

Clifford Chance advises banks on UK house builder Redrow's £80 million share placing and open offer

International law firm Clifford Chance has advised HSBC as sole sponsor, sole financial adviser and joint bookrunner, and BoA Merrill Lynch and JPMorgan as joint bookrunners, in connection with Redrow plc's £80 million share placing and open offer.

The placing and open offer follows a number of high profile equity capital markets transactions Clifford Chance has advised on in recent months, including the premium listings of NMC Healthcare, Ruspetro and Polymetal.

Equity capital markets partner Simon Thomas, who led the Clifford Chance team on the transaction, commented:

"Although markets remain challenging, recent months have shown that it is possible for good companies, with strong management and a clear strategy to raise money in the London market."

The Clifford Chance team advising the banks is being led by London ECM partner Simon Thomas, senior associate Inigo Esteve and associate Claudius Furtwängler.

Clifford Chance is ranked in Tier One for equity capital markets in Chambers UK 2012 and recently won “European equity deal of the year” at the 2012 International Financial Law Review Awards for its work advising the underwriters on the Glencore IPO.