International legal practice Osborne Clarke has advised Lloyds Development Capital (LDC) in its capacity as selling shareholder on the successful AIM IPO of global games brand, Team 17 Group plc.
The IPO saw gross proceeds of £107.5 million raised by sole global co-ordinator Berenberg and values the company on admission at approximately £217 million. Admission and dealings in Team 17's shares became effective today.
Partner Jonathan King said: "We’re really pleased to have advised LDC again on another successful liquidity event through an IPO. The UK public markets continue to offer a compelling exit opportunity for financial sponsor-backed businesses and institutional demand clearly remains strong."
Osborne Clarke’s Corporate team is considered a go-to practice for many companies in the tech, media and comms sector, 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 M&A, IPOs and JVs.