LONDON, July 3, 2013 /PRNewswire/ -- International law firm Greenberg Traurig Maher LLP advised Platform Acquisition Holdings Limited and its founders, Martin Franklin and Nicolas Berggruen, on the US$905 million initial public offering on the London Stock Exchange, currently the largest new money raise in London in 2013.
With the guidance of GTM, Platform Acquisition Holdings Limited has raised gross proceeds of US$905 million, comprised of US$885 million through the placing of Ordinary Shares at a placing price of US$10 per Ordinary Share. Additionally, it has raised US$20 million through the subscription of Founder Preferred Shares by entities affiliated with Berggruen and Franklin.
"We are very pleased to have advised Platform Acquisition Holdings Limited on this successful transaction which sets the standard for new money raises in London," said Paul Maher, Chairman of Greenberg Traurig Maher LLP. "I am proud of the team's performance and the part it has played in a result which is likely to have a significant effect in the London market."
The GTM team was led by Shareholders Andrew Caunt and James Mountain, who worked closely with US-based GT shareholders Bruce March and Donn Beloff from Fort Lauderdale, as well as Chair of the New York Corporate & Securities Practice, Alan Annex.
About Greenberg Traurig Maher LLP
Greenberg Traurig Maher LLP has established itself in London as a multidisciplinary law firm, with over 40 lawyers and growing. The London office provides partner-led advice to domestic and international clients on a range of matters across the legal spectrum. Lawyers at Greenberg Traurig Maher advise UK and multinational clients operating in many different sectors, including chemicals, pharmaceuticals, life sciences, energy, real estate, financial services, automotive, retail and communications. For additional information, please visit www.gtmlaw.com.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal's 2012 NLJ 250. For additional information, please visit www.gtlaw.com.
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SOURCE Greenberg Traurig Maher LLP