Mayer Brown scoops imperial placing

Mayer Brown‘s London capital markets team is advising Imperial College’s technology commercialisation subsidiary Imperial Innovations Group on a placing of new ordinary shares.

The company has raised £30m through the placing of more than eight million shares, which began trading on AIM at the end of November.

Corporate partner Stephanie Bates led the team acting on the deal, assisted by associates Kate Eades and Joe Rigler.

Imperial College turned to Ashurst on the placing, while JPMorgan Cazenove, which acted as financial adviser, bookrunner and underwriter, was advised by Macfarlanes.

Mayer Brown has acted for Imperial Innovations for almost three years and acted on its IPO in 2006.