International legal practice Osborne Clarke has advised Panmure Gordon (UK) Limited, in its capacity as nominated adviser and broker, on a c.£10 million capital raising by Inland Homes plc.
AIM quoted Inland Homes is a leading brownfield developer, housebuilder and partnership housing company with a focus on the south and south-east of England. The capital raising announced earlier today (30 April 2020) comprises an accelerated bookbuild placing, subscriptions by management and other investors and a retail offering through the PrimaryBid platform.
The net proceeds of the capital raising will be used to strengthen the company's balance sheet and provide additional liquidity to deal with this uncertain period to ensure that Inland is better positioned when the market returns to normality.
Jonathan King, Osborne Clarke’s Head of Equity Capital Markets, said:
"We continue to see strong support for UK quoted companies in these most difficult of times across a variety of sectors, in this case particularly for the UK housebuilding market. It's very encouraging to hear that over £500 million has been raised on AIM since the Coronavirus outbreak and we're thankful to have been able to play our part over these last few weeks having advised on seven announced fundraisings .”
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.