Mourant Ozannes advises Carphone Warehouse on placing to raise funds

Mourant Ozannes has advised phone retailer Carphone Warehouse Group on a placing to raise funds for the proposed acquisition of CPW Europe.

Partner James Hill with senior associate Jon Woolrich and associate Suzanne Borrowman of Mourant Ozannes’ Jersey office advised Carphone Warehouse Group on the placing, which involved a Jersey cash box structure, to raise approximately £105m. 

The proceeds of the placing are being used to part fund the proposed acquisition by Carphone Warehouse from Best Buy of its 50 per cent stake in CPW Europe.

Osborne Clarke acted as English counsel to Carphone Warehouse, providing advice alongside Carphone Warehouse’s in-house legal team.