FFW signs off trio of AIM deals

Field Fisher Waterhouse (FFW) corporate finance partner Dominic Gurney-Champion has advised on a trio of AIM deals that closed within a week.

FFW acted for Myhome International on its £20m acquisition of ChipsAway, Fox-Davies Capital on a £12m debt and equity fundraising for Van Dieman Mines and Tellings Golden Miller Group on its £5.2m purchase of OFJ Connections.

Gurney-Champion said it was pleasing to get three deals away at once given that AIM has experienced a downturn in activity in recent weeks. “There has definitely been less flotations on AIM in the fourth quarter, but this has been counterbalanced by work from existing listed clients,” he said.

On the Myhome International deal Gurney-Champion said: “The transaction was a fairly classic way to use AIM in a buy and build strategy.”

FFW had acted on the original AIM flotations of Myhome and OFJ Connections in 2006 and 2003 respectively. Fox-Davies Capital, however, was a new client recently secured through Gurney-Champion’s personal contacts within the company.

The ChipsAway Group was advised by corporate partner Noel Haywood of DLA Piper, Van Dieman Mines by corporate partner Tim Casben of LG, and Tellings by Raworths head of corporate Simon Morris.