Freshfields continues its IPO frenzy with John Laing mandate

Among the first major IPOs to be announced in 2015, infrastructure investor John Laing has outlined its plan to float on the London Stock Exchange.

The legal line-up advising on the transaction features some usual suspects. Following a stellar 2014 for its capital markets team, Freshfields Bruckhaus Deringer has begun this year as it means to continue.

In addition to advising tool hire company HSS Hire Group on its announced IPO, the magic circle firm has also won the John Laing job – capitalising on its strong relationship with the company’s selling shareholder Henderson.

It’s understood that Freshfields pipped firms including Slaughter and May to the post during the course of a competitive pitch process.

Meanwhile, Clifford Chance has been drafted in by the underwriters HSBC and Barclays on the bank-side of the deal.

Market sources suggest that there should be plenty of IPO work to keep lawyers busy in coming months, as a number of companies look to float before the markets are rocked by the imminent UK general election.

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