Press releases | Funds, US Securities |

£309 million firm-placing, placing, open-offer and offer for subscription by Assura PLC

Overview

Travers Smith Head of Listed Funds Aaron Stocks and associate Stuart MacKenzie have advised Liberum Capital Limited and Stifel Nicolaus Europe Limited, in their capacity as underwriters and joint sponsors to Assura plc, in connection with the leading UK healthcare REIT’s £309 million firm placing, placing and open offer and offer for subscription of new ordinary shares.

Charles Casassa, Head of our US securities team, advised on US aspects of the transaction with Brent Sanders.

Aaron Stocks commented: "We are delighted to have advised Liberum and Stifel in connection with another successful fundraising by Assura plc, which represents the largest fundraising of the year to date by a UK REIT. Our involvement in this transaction is another example of the team's successful track record of advising on fundraisings conducted by REITs. The fundraising offers an excellent opportunity for new and existing investors to be part of a larger company with increased capital resources available to deploy in making further acquisitions and developments in the primary healthcare sector."

Addleshaw Goddard LLP advised Assura plc in connection with the transaction.