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.
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.
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.
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