DOCSLIB.ORG

European Initial Public Offerings – H1 2019 FCF IPO Market Monitor

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
European Initial Public Offerings – H1 2019 FCF IPO Market Monitor FCF IPO Market Monitor European Initial Public Offerings – H1 2019 Executive Summary I. FCF Overview II. Market Overview a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s III. Recent IPO Case Studies a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s 2 Executive Summary The FCF IPO Market Monitor is a FCF IPO Market Monitor Recipients standardized report is a comprehensive analysis of the European IPO markets and is The FCF IPO Market Monitor targets the following recipients: on the European published by FCF on a semi-annual basis. The analysis provides public offerings relevant pricing, performance and valuation metrics (e.g. ratios and ▪ Institutional investors ▪ Family Offices / High markets and serves a multiples) of European IPOs for the last six months ▪ Private equity investors Net-Worth Individuals quick reference for ▪ Venture capital investors ▪ Corporates investors, corporates ▪ Advisors Selection of Companies and professionals The selection of IPOs is based on the following criteria: Data More advanced, ▪ IPO date within the last 6 months All input data is provided by S&P Capital IQ and is not independently detailed and / or ▪ Primary listing at an European exchange* verified by FCF. Ratio and multiple calculations are driven based on customized reports ▪ Transaction size at least EUR 20m the input data available. For additional information and disclaimer, are available upon please refer to the last page ▪ IPOs of companies operating in the financial services or real request estate sector have been excluded ▪ Based on transaction size, the IPOs are categorized as follows: Availability Micro IPOs: EUR 20m – 50m, Small IPOs: EUR 50m – 100m, Medium IPOs: EUR 100m – 250m, Large IPOs: > EUR 250m The FCF IPO Market Monitor is available on FCF’s website at “www.fcf.de“ Calculation of Price Indices The price indices are calculated based on the following criteria: To recommend colleagues or fellow investors to be added to the mailing list, kindly send an email with the respective contact ▪ The relevant IPO has been issued within the last 2 years information ▪ The holding period for each IPO in the respective index is 2 years ▪ The constituents of each index are based on the transaction size at the time of IPO and are not re-allocated to other categories If you have questions, comments or ideas, please do not hesitate to contact us ▪ The index is an arithmetic weighted series where the weights are the market capitalization of each company * Countries of exchanges: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, 3 Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom Executive Summary I. FCF Overview II. Market Overview a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s III. Recent IPO Case Studies a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s 4 FCF Overview FCF seeks to provide Who We Are Capital Markets Capabilities and Services its clients with ■ Specialized investment bank and financing specialist financing solutions Private / ■ Venture capital ■ Private equity ■ Advising public and private small / midcap companies Pre-IPO ■ Growth capital (i) at the lowest ■ Advisor for structuring and placement of financing transactions: ■ Initial Public Offering pursued in tandem) cost, (IPO) / Capital increase ■ Private Investment in Equity Public (ii) with the highest − All instruments: Unbiased approach to all available corporate ■ Dual-track (IPO and Public Equity (PIPE) alternative transaction ■ Block trade flexibility, financing instruments (no product selling approach), allowing for customized financing structures (iii) in the shortest ■ Receivables / Factoring / ■ Working capital / − All investors: Close and trusted relationships with senior Short-term Asset-backed Securities Revolving credit facility period of time, executives of virtually all relevant equity and debt investors Debt ■ Borrowing base / ■ Guarantees / Inventory Letter of Credit (iv) with the highest − Fast process: Process management skills and direct / personal closing proba- access to institutional debt and equity investors enable fast ■ Bank loan facility / ■ Promissory note Syndicated loans (Schuldscheindarlehen) bility, and with transactions Debt Long-term ■ Sale-and-lease back / ■ High-yield / PIK bond (v) financing partners Debt Leasing ■ Second lien / ■ More than 100 transactions with a total placement volume in ■ Corporate bonds (public / Subordinated loans that integrate well excess of EUR 4.0 billion since foundation in 2005 private placement) ■ Unitranches into their strategy ■ Approx. 10 professionals headquartered in Munich Mezzanine ■ Mezzanine capital ■ Convertible bonds Selected Transactions Syndicated Loan Acquisition Financing Acquisition Financing Syndicated Loan European Investment European Investment R&D Financing Round Extension Capital Increase Investment in Bilateral Loan Facility Capital Increase Facility Senior Loan & WCF Second Lien Loan Facility Bank Debt Facility Bank Debt Facility Debt Facility [confidential] [confidential] Advisor to AkrosA Doppstadt GSE Group GSE Group Business Service Leading Virtual Synapticon GmbH Synapticon GmbH Private Equity KMP Holding GmbH censhare AG AMW GmbH Voxeljet AG Familienholding GmbH Acquisition by Finexx Acquisition by Finexx Provider Reality Company GmbH & Co. KG EUR 70m [confidential] > EUR 10m > EUR 10m [confidential] [confidential] [confidential] [confidential] [confidential] EUR 25m EUR 25m EUR 25m Pending June 2019 January 2019 December 2018 December 2018 November 2018 April 2018 April 2018 April 2018 December 2017 December 2017 November 2017 European Investment Syndicated Loan Bilateral European Investment Syndicated Loan Advisor to the Family Syndicated Loan Senior Debt Capital Increase Promissory Note Factoring Facility Debt Financing Bank Debt Facility Facility Loan Facility Bank Debt Facility Facility and the Company Facility Financing DSD – Duales System W Schulz Group Karl Tönsmeier Ziegler Holzindustrie Schnellecke Group Schnellecke Group Schnellecke Group numares AG MagForce AG Holding Biofrontera AG Sale to Alno AG Entsorgungswirtschaft Max Aicher Group GmbH & Co. KG AG & Co. KG AG & Co. KG AG & Co. KG GmbH & Co. KG Berkshire Hathaway GmbH & Co. KG EUR 11m EUR 35m EUR 70m EUR 55m EUR 30m EUR 20m EUR 105m EUR 50m [confidential] > EUR 35m EUR 82m [confidential] November 2017 July 2017 July 2017 June 2017 June 2017 May 2017 March 2017 March 2017 February 2017 July 2016 May 2016 April 2016 5 FCF Facts & Figures More than Close to More than More than # 1 10 100 100 4 bn Financing advisor in Investment banking Years of aggregated, Completed Total volume of advised Germany, purely focusing professionals investment banking / transactions & closed transactions on corporate financing financing experience since 2005 transactions More than More than Network 2000 25 120 Leading Access to more than Contacts to family offices International conferences Articles and research Advisor for financing 4000 international and ultra high net worth organized papers published transactions with EIB in financial institutions individuals worldwide the DACH region 6 FCF’s Equity Expertise FCF has successfully Selected Public Clients IPO / Public Equity Markets Coverage closed numerous equity-related transactions over the past years FCF regularly publishes specialized research, covering industry trends, equity valuations, debt transactions, Click picture to IPO and M&A activity view the report FCF has hosted / hosts the FCF IPO FCF IPO Conference Presenters FCF Family-2-Family Conference Presenters Conference, addressing going public topics with great relevance to decision makers FCF bi-annually hosts its Family-2- Family Conference, an opportunity for public companies to present themselves to family offices 7 Executive Summary I. FCF Overview II. Market Overview a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s III. Recent IPO Case Studies a) M i c r o I P O s b) S m a l l I P O s c) Medium IPOs d) L a r g e I P O s 8 European H1 2019 IPOs – Overview Fast Facts European IPOs - Performance Performance and Issuance by Exchange 0 5.3% ▪ 16 IPOs in H1 2019 (vs. 23 IPOs in H2 2018 4.4% 3# 17.0% / = -7 IPOs) 0 1# 11.2% ▪ EUR 6,515m Volume raised (-23.7% vs H2 0 2018) 9.7% 0 2# ▪ 1 withdrawn or postponed IPO -0.2% 0 4# 5.1% ▪ 100% of H1 2019 IPOs priced within range** IPO +1D IPO +1M IPO - YTD 2# 4.2% 1# 0.6% IPOs by Sector -1.0% 1# Biotechnology Stockholm -2.2% 1# -22.4% 1# Brussels Information Technology 0 0 0 0 0 0 0 0 0 0 13% Communication 31% Services 13% 16 Consumer 13% Discretionary Primary / Secondary Split & Price Range 19% 13% Industrials Health Care Secondary Shares 41% IPOs per Month 59% Primary Shares 7000 7 8 6000 5000 5 6 4000 4 3000 2 2 2000 720.1m 2 2* 1000 76.4m 136.1m 5,582.6m 0 0 Jan Feb Mar Apr May Jun number of IPOs 100% in each country (HQ)** Within Range Source: S&P Capital IQ as of 12.06.2019, FCF Equity Research, All European IPOs, * 2 IPOs with HQ outside Europe, ** where data available 9 European Countries include: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom European IPOs – Performance Last 2 years With a 19% gain over 150 the last two years, H1 2019 the FCF Large IPO index significantly 140 outperformed its European IPO peers 130 and benchmark index (MSCI Europe Index) 120 119% The FCF Micro, Small and Medium IPO indices are 110 currently trading below the MSCI 100 Europe Index 98% 93% 90 The different FCF IPO 83% Indices consist of all IPO 80 transactions over the last 78% 2 years.
Load more

Recommended publications
  • May CARG 2020.Pdf
    ISSUE 30 – MAY 2020 ISSUE 30 – MAY ISSUE 29 – FEBRUARY 2020 Promoting positive mental health in teenagers and those who support them through the provision of mental health education, resilience strategies and early intervention What we offer Calm Harm is an Clear Fear is an app to Head Ed is a library stem4 offers mental stem4’s website is app to help young help children & young of mental health health conferences a comprehensive people manage the people manage the educational videos for students, parents, and clinically urge to self-harm symptoms of anxiety for use in schools education & health informed resource professionals www.stem4.org.uk Registered Charity No 1144506 Any individuals depicted in our images are models and used solely for illustrative purposes. We all know of young people, whether employees, family or friends, who are struggling in some way with mental health issues; at ARL, we are so very pleased to support the vital work of stem4: early intervention really can make a difference to young lives. Please help in any way that you can. ADVISER RANKINGS – CORPORATE ADVISERS RANKINGS GUIDE MAY 2020 | Q2 | ISSUE 30 All rights reserved. No part of this publication may be reproduced or transmitted The Corporate Advisers Rankings Guide is available to UK subscribers at £180 per in any form or by any means (including photocopying or recording) without the annum for four updated editions, including postage and packaging. A PDF version written permission of the copyright holder except in accordance with the provision is also available at £360 + VAT. of copyright Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency, Barnard’s Inn, 86 Fetter Lane, London, EC4A To appear in the Rankings Guide or for subscription details, please contact us 1EN.
    [Show full text]
  • UCD Law Recruitment Fair
    GRADUATE EMPLOYABILITY RANKINGS UCD Law Recruitment Fair 2nd October 2019 O’Reilly Hall UCD 1pm-4pm Please bring your student card for entry to the Fair Correct at time of print, check out Careers Connect for the full list of exhibitors Proud Sponsors: Progress your career with us McCann FitzGerald is a leading Irish law firm. Our core values of leadership, integrity, progress and performance inform everything we do, and we measure our success by the results we achieve for our clients. We aim to attract students with strong academic backgrounds, who have character, energy and sound judgement and who are capable of building relationships with colleagues and clients alike. If this sounds like you, get in touch with us today and find out how you can progress your career with us. How to apply: Applications for the McCann FitzGerald Graduate Traineeship are now open. Visit mccannfitzgerald.com Diane Hennessy for more details. Closing date for applications is Thursday, Graduate Recruiter 31 October 2019. +353 1 511 1612 diane.hennessy@ Applications for our Summer Internship Programme mccannfitzgerald.com will open in January 2020. dublin | london | new york | brussels mccannfitzgerald.com McCannFitzGraduates @McCannFitz mccannfitzgeraldgraduates 1831_A4 profile ad-2019-08.indd 1 28/08/2019 15:34:48 Organisation Names Organisation Names • A&L Goodbody 4 • Jones Day 8 • Allen & Overy 4 • KPMG 8 • AMOSS Solicitors 5 • LK Shields Solicitors 8 • Arthur Cox 5 • Loyens & Loeff Luxembourg S.à.r.l. 8 • BARBRI International 5 • Maples Group 9 • BHSM 5
    [Show full text]
  • Download the Full Annual Report and Financial Statements 2020
    DWF Group plc Group DWF Annual report and financial statements 2020 Built for strength and resilience DWF Group plc Annual report and financial statements 2020 DWF Group plc Annual report and financial statements 2020 Our purpose Our purpose is to transform legal services through our people for our clients. That’s why we are transforming our own business, with technological innovation, outstanding sector specialists and advanced working practices. This translates into an entirely new, resilient, business model that benefits from significant recurring revenues from institutional clients in our key industry sectors of Insurance, Financial Services and Real Estate. While the current environment is unprecedented, the Board is confident that the Group is well placed to continue to provide best service to our clients and benefit from future opportunities when the business environment normalises. We are built for both strength and resilience. Strength and resilience are directly interlinked within DWF, throughout this report, this icon highlights examples of how we put this in to practice. For the latest new releases and video presentations please see dwfgroup.com DWF Group plc Annual report and financial statements 2020 01 Highlights Solid performance report Strategic Revenue Revenue per partner1 Cost to income ratio2 Governance £297.2m £784.3k 42.6% +10.9% -9% -0.1ppts Operating Profit Underlying adjusted EBITDA3 Reported PBT statements Financial £22.2m £21.8m £18.2m +46% -22% +40% Underlying adjusted PBT4 Gross profit margin Net debt5 Other information £13.8m 47.9% £64.9m -32% -5.6ppts +£29.6m 1. Revenue per partner is calculated by dividing revenue by the FTE number of partners at the end of the financial year.
    [Show full text]
  • Flashwire Advisor Quarterly
    FLSHWIRE US MONTHLY Flashwire Advisor Quarterly 4th Quarter 2020 Top Advisors M&A Market Index 2 Deal Volume 4 Global 5 United States 7 US Middle Market 9 Europe 11 United Kingdom 13 Asia ex-Japan 15 Japan 17 US Activism and Defense 18 FactSet.com Copyright © 2021 FactSet Research Systems Inc. All rights reserved. 1 th 4 Quarter 2020 Flashwire Advisor Quarterly The Global Mergers & Acquisitions Market Index $500.0 4,000 $450.0 3,500 $418.0 $400.0 $368.2 $357.4 3,000 $350.0 2,500 $300.0 $304.4 $247.9 $248.5 $250.0 2,000 $207.0 $227.2 $200.0 $225.9 $221.6 $159.5 $147.0 1,500 $150.0 $142.4 $143.8 1,000 $100.0 500 $50.0 $54.0 $62.1 3,203 3,471 3,212 3,684 3,443 2,918 2,614 1,901 2,031 2,740 3,052 2,647 3,091 3,281 3,148 3,740 $0.0 0 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Deal Volume Aggregate Deal Value The US Mergers & Acquisitions Market Index $300.0 1,600 $252.2 1,400 $250.0 $236.9 $240.4 1,200 $200.0 1,000 $188.4 $150.0 800 $137.7 $127.0 $128.2 $151.9 $122.0 $122.0 600 $100.0 $59.2 $87.3 400 $76.7 $84.3 $50.0 $24.6 $24.0 200 1,156 1,305 1,145 1,151 1,426 1,110 908 613 658 896 1,017 991 1,136 1,302 1,195 1,509 $0.0 0 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Deal Volume Aggregate Deal Value FactSet.com Copyright © 2021 FactSet Research Systems Inc.
    [Show full text]
  • Innovative Lawyers 2016
    INNOVATIVE LAWYERS 2016 OCTOBER62016 FT.COM/INNOVATIVE-LAWYERS RESEARCH PARTNER SUPPORTEDBY Foreword Innovations abound with Europe in flux INNOVATIVE LAWYERS 2016 This editionofFTInnovativeLawyers, our11th, appears at a OCTOBER 62016 time of upheaval across thecontinent.Two bigconundrumsfor FT.COM/INNOVATIVE-LAWYERS thecitizens, businesses andinstitutionsofEuropewill test the foresightand ingenuityoflegal professionalsfor yearstocome: theaftermath of theUKvoteonJune23toleave theEU, and theintensifyingrefugee andmigrant crisis.Inthismagazine, we show howlawyers arealready innovating to address both (Brexit, page 8; Social Responsibility,page12). Thebusiness worldasseenthrough thelensoflawyers is changing too—new industries andalliancesare erodingthe RESEARCH PARTNER SUPPORTEDBY traditionallines of competitionand separation of sectorsfaster than ever,forcinglawyers to getahead.Lawyers areresponding by creating newtypes of firms,blurring oldboundaries in EDITOR Harriet Arnold search of newsolutions.The individual lawyer,the nature of ASSISTANT EDITOR legaladviceand theway in whichthatadviceisdelivered are Josh Spero undergoing deep change. PRODUCTION EDITOR George Kyriakos In addition,there arenew centresofpower andchangein ART DIRECTOR thelegal industry:millennialsrefusingthe partnershiptrack; Kostya Penkov DESIGNERS technologistsintroducing artificialintelligence; andgeneral Harriet Thorne, Callum Tomsett counselactingasentrepreneurs, rather than just as lawyers. PICTURE EDITORS MichaelCrabtree,AlanKnox Againstthisbackdrop, theFinancial
    [Show full text]
  • Our Disease Team
    OUR DISEASE TEAM OUR OFFICES Southend on Sea Address: 1 Nelson Mews, Southend on Sea, Essex SS1 1AL Tel: 01702 568 710 | Fax: 01702 667 961 Leeds Address: 40 Park Square North, Leeds LS1 2NP Tel: 0113 323 0460 | Fax: 01702 667 961 Ipswich Address: Second Floor, Fraser House, Museum Street, Ipswich IP1 1HN Tel: 01473 351 692 | Fax: 01702 667 961 Birmingham Address: Grosvenor House, 14 Bennetts Hill, Birmingham B2 5RS Tel: 0121 796 5280 | Fax: 01702 667 961 Cardiff – opening January 2016 Boris was a senior equity partner at Berrymans Lace Charlotte was an associate solicitor at BLM before she left Mawer LLP (BLM), a national defendant law practice, to establish BC Legal. She trained at Barlow Robbins before he left in November 2012 to establish BC Legal. Solicitors in Guildford and qualified into their clinical negligence team in 2004. Boris qualified as a solicitor and joined BLM in October 1998. He was made a partner in BLM’s London She joined BLM’s London occupational disease team in occupational disease team in 2000 and jointly headed the February 2005 and was promoted to associate in October team for 12 years. 2010. Charlotte was responsible for managing a noise induced hearing loss team of solicitors/paralegal and Boris has specialised exclusively in occupational disease developing innovative defence strategies. claims throughout his 16 year career and has handled hundreds of such claims for a variety of insurer, corporate, Charlotte specialises exclusively in occupational disease local authority, NHS Trust and defendant clients. litigation and handles a considerable number of claims relating to many different diseases.
    [Show full text]
  • The Guide Toplanning LAWYERS2013
    the guide to PLANNING LAWYERS 201314 2 JUNE PLANNING LAWYERS INTRODUCTION Legal brieng rey areas abound in the interpretation The government’s new tax on development pro- of planning legislation and policy. The posals, the Community Infrastructure Levy (CIL), Ggovernment’s ongoing programme of is another growth area for the legal trade. Many planning reform and delays in develop- lawyers are advising clients on how local authority ment plan adoption are among factors creating a CIL charging schedules will affect their schemes. climate of uncertainty in which parties on all sides Others are helping councils ensure their charge see opportunities to press their own interests. rates pass the soundness tests set by ministers. The threat of litigation hovers over almost any These are just some areas where legal expertise major development or infrastructure proposal or is proving essential for parties seeking to realise local authority planning policy. In this climate, their aspirations through the planning system, lawyers have a key role to play in whether they are developers, local authorities or ensuring that schemes and third parties. A clear steer on the best sources of policies are fire-proofed legal advice is vital for anyone trying to nego- Contents against legal challenge. tiate this minefield. The Guide to Planning The government has Lawyers aims to help in two ways. 05 THE PLANNING TEAM taken steps to curtail First, it offers an element of peer re- Solicitors Law firms are Editorial the scope for chal- view via our annual Planning Law T 020 8267 4381 advising on many of the E [email protected] lenge, but these may Survey.
    [Show full text]
  • This Article Was Originally Published in Issue 6.5 Of
    Year 6, Issue 5 CEE June 2019 Legal Matters In-Depth Analysis of the News and Newsmakers That Shape Europe’s Emerging Legal Markets Guest Editorial: Jonathan Weinberg of White & Case Across the Wire: Deals and Cases in CEE On the Move: New Firms and Practices The Buzz in CEE The Corner Office: Performance Reviews Conference Countdown: An Interview with Slaughter and May About the 2020 Dealer’s Choice Law Firm Summit in London The Calculated Hrisk: Pavel Hristov’s Master Plan for Success Market Spotlight: Romania Guest Editorial: Bryan Jardine of Wolf Theiss Full Speed Ahead: PeliPartners Hits the Ground Running Inside Out: Alpha Bank Covered Bonds Programme Expat on the Market: Simona Marin of CMS Market Spotlight: Moldova Guest Editorial: Alexander Turcan of Turcan Cazac Special Feature: Moldova in the Balance Inside Insight: Interview with Igor Andries of Orange Moldova Experts Review: Agriculture Thank You To Our Country Knowledge Partners For Their Invaluable Input and Support Bulgaria Czech Republic Estonia Hungary Latvia Lithuania Poland Romania Russia Serbia Slovenia Ukraine PRELIMINARY MATTERS JUNE 2019 CEE EditoriAl: How DO YOU Stay Legal Matters In-Depth Analysis of the News and Newsmakers KING OF THE HILL? That Shape Europe's Emerging Legal Markets “There are two kinds of people, those who do the work only forces them and those who take the credit. Try to be in the first to improve their group; there is less competition there.” own client ser- – Indira Gandhi vice, and profess a calm and pa- “Competition brings out the best in products and the tient willingness worst in people.” to let the chips – David Sarnoff fall where they may.
    [Show full text]
  • CC Selects Imanage Cloud After
    aka ‘The Orange Rag’ Top stories in this issue… Kevin Harris takes over as EMEA CIO at NRF, p3 LexisOne redundancies at SAGlobal, p4 Bakers to roll out Onit, p4 Richard Newton launches echo.legal, p4 HighQ to launch corporate legal platform, p5 Win! Kennedys selects Hubshare, p6 #Glenlegal19 survey sees dramatic spike in SaaS migration, p6 that law firms have a really good choice - we have two CC selects iManage excellent vendors and systems and they are both viable options, and that’s almost the first time we’ve had that. Cloud after “close” It’s great to have choice.” The final decision was made by the project board contest and Greenwood said: “We really did say ‘Well, this is not a bad position to be in, but we have a positive After the first exhaustive side-by-side evaluation decision to make’. We went through a lot of different of iManage Work 10 in the cloud and NetDocuments, factors, including the overall vision and strategy; the Clifford Chance has selected iManage, we can reveal, detailed user feedback in terms of the user interface and following what CIO Paul Greenwood is at pains to stress the usability; a detailed evaluation of the merits of the was such a close-run selection process that it had to be different security; performance; implementation; and extended. obviously the commercials. The process, which began around 18 months ago, saw the magic circle firm led by Greenwood evaluate CC SELECTS IMANAGE CLOUD AFTER “CLOSE” four options: upgrading its current SharePoint document CONTEST CONTINUES ON P2 management system (DMS); a Netcompany application built on SharePoint; iManage Cloud; and NetDocuments.
    [Show full text]
  • Lateral Partner Moves in London
    Lateral Partner Moves in London Nov/Dec 2014 Bond Dickinson Eversheds The firm has hired Jonathan Drake from US Cathryn Vanderspar has been hired as the new insurance boutique Clausen Miller. He London Head of Tax, replacing Clive Jones. She specialises in corporate and regulatory joins from BLP, where she has been a tax partner insurance. Also joining the firm is financial for over 16 years. Another hire for the firm, services regulation lawyer Andrew Barber, Matthew Kelly joins from Thomas Eggar and moving from Dentons. specialises in education employment. Bristows Fox Williams Matt Dennis joins from Bird & Bird, where he Jonathan Segal joins from Wragge Lawrence was most recently its International Media Group Graham & Co, where he was a director and Head Co-Head. His practice has a focus on of FinTech. He advises clients on FinTech and international M&A and corporate transactions Alternative Finance and has particular expertise for clients in technology-related industries. in peer-to-peer lending and crowdfunding platforms. Carpmaels & Ransford Continuing its recent hiring spree, the niche IP Gibson, Dunn & Crutcher practice has hired leading life sciences litigator The US firm has recruited Kirkland & Ellis’s Head Camilla Balleny from Pinsent Masons. of Leveraged Finance, Stephen Gillespie. He specialises in complex business transactions, Clyde & Co with particular experience in investment grade The international firm has bolstered its clinical leveraged financing. negligence team with the hire of Robert Wilson from Capsticks. Greenberg Traurig Maher In a double hire for the firm, arbitration barrister Duane Morris Clotilde Lemarie and commercial litigation The US firm has hired Fasken Martinaeu’s Head partner Adam Rooney both join from Gide of Employment, Elena Cooper, to head its own Loyrette Nouel.
    [Show full text]
  • Partner Moves January
    Lateral Partner Moves in London January/February 2014 Baker & McKenzie CMS Cameron McKenna This international law firm has strengthened its Cathy Pitt joins from Norton Rose Fulbright, bringing capability in the life sciences sector with the hire of expertise in corporate finance. Pitt will head the Hiroshi Sheraton from McDermott Will & Emery. investment management funds group. Sheraton brings expertise in IT, IP and media. Dentons Baker Botts A double strategic hire announced for this firm. In a The hire of Robin Mizrahi from Chadbourne & Parke strengthening of the firm’s energy offering, Charles has fortified the firm’s offering in projects and project July joins from Watson Farley & Williams, where he finance, with a particular emphasis on emerging was head of projects, commodities and export markets. finance. Michael Wainwright joins from Eversheds to fortify the firm’s banking practice, bringing a focus on Berrymans Lace Mawer insurance and retail financial services. A double hire announced for this firm. John O'Shea and Mark Aitken both join from Greenwoods to Dickson Minto bolster the firm’s property insurance offering. Aitken The firm has hired Chris Barron as partner from Weil brings an additional focus on fraud and related policy Gotshal & Manges, where he was senior associate. coverage issues. Barron brings private equity expertise and joins his father, Michael Barron, at the firm. Bircham Dyson Bell With a specific focus on takeovers and capital DWF markets, the hire of Nick McCarthy from Fox Williams A string of five lateral hires announced for this firm. adds bench strength to this firm’s corporate offering.
    [Show full text]
  • Good Evening Manchester!
    North West Law Good Evening Manchester! April 2011 The Manchester Legal Awards News Courts Estates Reform Programme The 2nd annual Manchester Legal Awards took place on 3rd March at (CERP) Update the Midland Hotel, where over 500 guests and sponsors filled the page 5 Alexandra Suite to celebrate the cream of the Manchester legal DWF receives industry acclaim for client profession. Julia Baskerville reports on one of the highlights in the satisfaction Manchester legal calendar... page 6 Following on from the success of last year’s Man- Glaisyers continues to expand chester Legal Awards, the 2011 event was even more page 7 successful. For the win- Mills & Reeve secures Sunday Times top ners it was an evening of celebration, for the run- 100 ranking for eighth consecutive year ners-up there was some disappointment, but it page 8 was most definately an evening that recognised the cream of the Manches- Features ter legal profession. Guests began their evening with a champagne recep- Management Matters tion, sponsored by Trimega Laboratories, in the lobby of with Bill Kirby the Midland Hotel before page 12 moving in to the Alexandra Think Individual Client! Suit e for Dinner and the Awards ceremony. page 22 Fran Eccles-Bech, the Execu- tive Director of Manchester Regulars Law Society welcomed the guests with a resounding “Good Evening Manchester, Education & Training Programme welcome to our very own oscars!” page 10 President of Manchester City Profile: Law Society, Nick Daven- port also welcomed guests Ruth Shearn of RMSPR to the MLA in the UK’s great- est city. He said it was an page 11 evening to celebrate the The latest new from the MYSG, MTSG & outstanding legal talent in the city and that the task of ILEX the judges had been an ex- tremely difficult one in view page 13 of the high volume and quality of the entries.
    [Show full text]