Sign up for free newsletter



White & Case advises DX on IPO and admission to AIM

Law firm White & Case has advised UK and Ireland logistics operator DX (Group) on the pricing of its initial public offering and admission to the AIM market of the London Stock Exchange.

The associated share placing values DX, a portfolio company of private equity firm Arle Capital Partners Limited since 2006, at around GBP200m.
The proceeds of the placing will be used to repay existing senior debt, shareholder loans and private equity investors.
Admission to AIM will allow the company to invest in service developments for its customers, enhance its reputation and add further credibility to its service offering. Admission to AIM will also raise the profile of DX as it begins to livery its vehicles for the first time.
London-based White & Case partner Ian Bagshaw, who led the team which advised DX, says: “This float represents the most successful fundraising on AIM since 2006 and we’re proud to have worked with DX on the successful delivery of such a key strategic step for the business, and to have supported Arle as shareholder. Both are long-standing clients and it was exciting to play a key role at the start of a new era in the development of DX.”
The firm also advised on a financial reorganisation of DX and a refinancing which replaced existing debt with a new working capital facility, both of which were prerequisites to the IPO.

from our other sites

Harneys - Best Offshore Law Firm

Thu 06/04/2017 - 16:36

3 days 12 hours from now - Abuja
1 week 3 days from now - London
2 weeks 1 day from now - London
2 weeks 2 days from now - San Francisco
Mon, 15/05/2017   - London
Mon, 15/05/2017   - London
Mon, 15/05/2017   - London
IKONIC Fund Services Ltd.
Tue, 29/11/2016 - 12:28
Backstop Solutions Group
Tue, 08/11/2016 - 18:44
The Gemini Companies
Mon, 17/10/2016 - 12:51
other gfm publications