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Howard Kennedy advise Pembroke VCT on launch of its 2015 Share Offer

Law firm Howard Kennedy and its regulated London Stock Exchange sponsor, Howard Kennedy Corporate Services, have advised Pembroke VCT on the launch of its 2015 share offer.

Pembroke VCT, which is managed by part of Peter Duben’s Oakley Capital Group, will look to raise GBP15 million in 2015/16 and continue to invest in a diverse range of companies, with a bias towards consumer-facing businesses with either established brands or brand development opportunities.
Howard Kennedy has advised Pembroke VCT plc since its launch in 2013, when its first subscription offer raised GBP18.3 million. Since then Pembroke VCT plc has made investments into Bella Freud, Five Guys UK, Sourced Market, Rated People and Boat International.
The Howard Kennedy team was led by partner Keith Lassman, with support from senior associate Ian Scott and solicitor Sian Thomas.  Robertson Hare LLP provided tax advice.
Keith Lassman says: “Pembroke VCT plc offers a very different proposition to many VCTs, investing in recognisable consumer-facing brands.  The investment management team behind Pembroke has a successful track record with some high profile investors.  We are delighted to be part of the 2015 team.”
In the 2014/15 tax year Howard Kennedy advised on 27 of the 33 VCT offers with a combined market value of GBP370 million. 
Howard Kennedy has a dedicated team of partners and staff advising VCTs, both as legal adviser  and as sponsor through its wholly owned FCA authorised subsidiary, Howard Kennedy Corporate Services LLP.  Howard Kennedy has been active in the VCT market place since 1997, listing well over 200 companies over that period.

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