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Osborne Clarke advises Panmure Gordon on £20 million equity raise


Written on 9 June 2021

International legal practice Osborne Clarke has advised Panmure Gordon (UK) Limited on the successful £20 million equity fundraising for Gulf Marine Services plc (GMS). GMS is a leading provider of advanced self-propelled self-elevating support vessels which serves the oil, gas and renewable energy industries in the Middle-East and is listed on the premium listing segment of the Official List.

GMS has conditionally raised £20 million (before expenses) through a placing and open offer to reduce its indebtedness which, the board believes, will create a positive platform on which the future development and growth of the business can be based.

Panmure Gordon acted as sole sponsor, sole global co-ordinator and joint bookrunner in connection with the fundraising.

The Osborne Clarke team that advised Panmure Gordon on the transaction was led by Partner Jonathan King who was assisted by Senior Associates Kate Mellor, Ed Nisbet and Stuart Miller.

Osborne Clarke’s Corporate team 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 M&A, IPOs and JVs