Walker Morris lawyers advise Servelec Group on proposed IPO

Lawyers from Walker Morris are advising Servelec Group on its proposed initial public offering (IPO) on the Main Market of the London Stock Exchange.

The deal is one of the few IPOs on the Main Market of the LSE to be handled outside London.

Since July 2000, the company has been wholly owned by CSE Global, a company whose shares are traded on the Singapore Stock Exchange.

The IPO will involve CSE Global selling its entire holding to certain institutional and other investors in the UK and elsewhere alongside the issue of new shares to eligible employees under a separate employee offer.

The Walker Morris team is being led by corporate partners Paul Emmett and Richard Naish.