Global law firm White & Case LLP has advised Jefferies International Limited as global co-ordinator and joint sponsor, and Rothschild & Co as joint sponsor, on a £100 million capital raising by N Brown Group plc, a top ten UK clothing and footwear digital retailer.
The capital raising is structured as a conditional placing to Lord Alliance of Manchester CBE, N Brown’s major shareholder, and his son subject to clawback under an open offer to qualifying shareholders. N Brown will use the proceeds from the capital raising to strengthen its balance sheet and accelerate delivery of its growth strategy. Alongside the capital raising, N Brown intends to cancel its premium listing and apply for admission to AIM.
The White & Case team in London which advised on the transaction was led by partners Jonathan Parry and Laura Sizemore, with support from associates Andrew Scott, Bob Lehner and Sam Curme.
Press contact
For more information please speak to your local media contact.