Charles Russell Speechlys acts for Arden Partners on recent Main Market placing by Macfarlane Group plc
27 July 2016
The Charles Russell Speechlys Corporate team has recently advised Arden Partners plc in its role as financial adviser, sponsor and broker to Macfarlane Group plc (“Macfarlane”) in connection with an oversubscribed £5.8m placing of new shares on the Main Market of the London Stock Exchange. The Placing was conducted by way of an accelerated bookbuild process.
Macfarlane is a leading specialist UK manufacturer and distributor of protective packaging materials.
The proceeds of the placing were used to fund a simultaneous acquisition of the entire issued share capital of Nelsons For Cartons & Packaging Limited (a packaging distributor located in Leicester).