DLA Piper ups number of Aim clients with Camden Market deal

As 2014 drew to a close with a flurry of last-minute Christmas shopping, the owner of one of London’s best-known shopping arenas was doing a little deal of its own.

natalie

Market Tech Holdings, which owns the landmark Camden Market, floated on Aim at the end of the year and, after raising £100m, claimed the prize for 2014’s largest listing on the junior market.

That was good news for DLA Piper. The firm advised longstanding client Market Tech on the deal, which saw the combination of real estate assets in Camden Town with e-commerce business market.com.

It wasn’t just acting on the year’s biggest deal that provided some festive cheer for the DLA team, but being able to add to its clutch of Aim clients too.

According to Adviser Rankings the firm had 36 Aim clients in October 2014, putting it behind Pinsent Masons, Carey Olsen, Memery Crystal and Stephenson Harwood in the number-of-clients leaderboard .

Although upping its tally by one won’t change DLA’s position in the ranking, the fact its acquisitive client plans to develop Camden Lock Village with the proceeds of the flotation shows why some firms put so much stock in developing their Aim practices.

Little acorns and all that.

Also on TheLawyer.com:

Featured Briefings
Banking – Collyer Bristow: Loan sales – what borrowers need to know
Regulatory – Dentons: MiFID2: ESMA publishes first technical advice
Tax – Mourant Ozannes: Protected cell companies
Corporate – GRATA Law Firm: Amendments to Russian de-offshorisation law
IT – Kemp Little: IPO Watch: a look back at the year’s capital market activity