Charles Russell Speechlys advises Shore Capital as nominated adviser, broker and bookrunner on a c.£14m fundraising for Helios Underwriting Plc

Charles Russell Speechlys has advised long-standing client, Shore Capital, as nominated adviser, broker and bookrunner on a £14m fundraising for AIM-listed insurance underwriter, Helios Underwriting Plc, through a placing, direct subscription and open offer. The primary purpose for raising the funds is to fund future acquisitions of Lloyd’s LLVs by Helios, as well as funding the company’s necessary underwriting capital for 2023.

Helios is an AIM-listed investment company offering investors growth and returns from exposure to Lloyd’s. This is the third fundraising on which Charles Russell Speechlys has acted for Shore Capital in respect of a Helios fundraising in the last two years. Previous fundraisings have allowed Helios to acquire Lloyd’s LLV entities with the vision of providing a good spread of business concentrated in property insurance and reinsurance.

The Charles Russell Speechlys team was led by Andrew Collins (Partner) with support from James Scott (Associate).

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