Berwin Leighton Paisner (BLP) has scooped the lead role to advise Loudwater Trust on its admission to trading on AIM and the associated share placing, which raised £75m. Corporate finance partner Benjamin Lee led the BLP team advising Loudwater. The main investor in the fund is HBOS. Hammonds acted for Panmure Gordon, which is nomad and broker to IPO. Corporate partner Giles Distin led the Hammonds team.