Ashurst Morris Crisp (Jeremy Hill) advised motor insurer Ockham Holdings on its announced placing and open offer to raise £25m. Ashursts (Ian Webb) also advised Numis Securities, the organisation underwriting the placing. The offer is on the basis of 17 new Ockham shares for every 30 existing shares and has to be approved by shareholders.
Cleary Gottlieb Steen & Hamilton (Ashar Qureshi) advised KPNQwest on its e645m (£399.2m) acquisition of a large proportion of London-based telecoms company Global TeleSystems' business. Shearman & Sterling (Andrew Tenzer) advised Global TeleSystems.
Watson Farley & Williams (Jan Mellmann) advised Australian oil and gas company Hardman Resources on the AIM admission of its entire issued ordinary shares. Nabarro Wells & Co (Richard O'Shannassy) provided Australian legal advice. Hobson Audley (Max Audley) advised nominated adviser and broker Canaccord Capital.
Charles Russell (Mark Moncreiffe) advised BTG International on the English law aspects of its C$8.8m (£3.9m) investment in SAMSys Technologies to create a new joint venture company. BTG received in-house legal advice from Georgina Georgiou and Zubair Ali and was advised on Canadian law by Blake Cassels & Graydon (Bill Mugford, Mario Josipovic, Pam Hughes). Osler Hoskin & Harcourt (Chris Murray, Mark Austin) advised SAMSys.