International legal practice Osborne Clarke has advised Investec Bank plc on the successful £40 million placing for AIM-quoted Distribution Finance Capital Holdings plc, the holding company of DF Capital Bank Limited, a newly authorised bank providing personal savings products and working capital solutions to dealers and manufacturers across the UK.

The net proceeds of the placing will help DFC accelerate its business plan and unlock potential further growth opportunities.

Investec acted as the nominated adviser, sole broker and sole bookrunner in connection with the Placing.

The Osborne Clarke team that advised Investec on the transaction was led by Partner Jonathan King who was assisted by Senior Associate Ed Nisbet and Associate Oliver Woods. Travers Smith advised DFC, led by Partner Adrian West.

Osborne Clarke’s Corporate team, which is Band 1 ranked for Capital Markets: AIM by Chambers, is considered a go-to practice for many companies, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to strategic M&A, IPOs and JVs. In 2020, the team ranked as the second most active law firm on AIM ECM transactions (and sixth across all UK markets) and fifth by value by Perfect Information.

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