Osborne Clarke advises Mulberry Group plc on its £21.2 million fundraising and retail offer

Osborne Clarke has advised Mulberry Group, the British sustainable luxury brand, on its £21.2 million fundraising and retail offer

International legal practice Osborne Clarke has advised AIM quoted Mulberry Group plc, the British sustainable luxury brand, on its successful fundraising of £20 million (before expenses). The fundraising was structured as a £20 million subscription for fixed rate secured convertible loan notes by Mulberry Group's two largest shareholders.  Osborne Clarke also advised Mulberry Group on a separate retail offer of up to £1.2 million (before expenses) to existing shareholders via the RetailBook platform.

The net proceeds of the fundraising and retail offer will allow Mulberry Group to make targeted investments to accelerate its future growth and meet its stated medium term financial targets.

The Osborne Clarke Corporate team that advised Mulberry on the transaction was led by Partner Mark Wesker who was assisted by Associate Director Stuart Miller. Banking advice was provided by Partner Tom Bussy who was assisted by Senior Associate Oliver Dawson.

Osborne Clarke's Corporate team is considered a go-to practice for many companies, working with global businesses in a range of sectors including retail and consumer travel sector. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.