A hot quarter for Carey Olsen and Appleby on the Aim market

OneSavings Bank, Fat Face, Saga – as much as market chatter amplifies regarding a slow down of the IPO main market, issuers seem to be pushing it forward with momentum.

Natalie
Natalie Stanton

And it’s not just London’s main market that’s keeping dealmakers busy. According to the latest data pieced together by Adviser Rankings, the Aim market picked up pace month-on-month during the last quarter of the 2013/14 financial year.

March witnessed 12 new admissions, an uptick of 50 per cent on February’s figures, and twice as many as the total number of admissions in January.

Firms including Carey Olsen, Stephenson Harwood and Appleby have reaped the rewards, picking up a couple of new clients each.

Meanwhile, the pharma deals frenzy continues, with a raft of US firms including Fried Frank, Sullivan & Cromwell and Cleary stepping up to the plate for Bayer’s $14.2bn acquisition of Merck’s consumer care division.

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