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Travers Smith advises Numis and Investec on £34 million capital raising by Alliance Pharma plc


Travers Smith LLP has acted for Numis Securities Limited, as nominated adviser and bookrunner, and Investec Bank plc, as bookrunner, in connection with the £34 million placing of new shares by Alliance Pharma plc ("Alliance") in connection with its acquisition from Janssen Pharmaceutica NV (a member of the Johnson & Johnson group of companies) of the exclusive marketing rights to Nizoral, a medical, anti-dandruff shampoo brand, in Asia-Pacific for total consideration of £60 million.

Alliance is an international specialty pharmaceutical company.  The acquisition was funded through the proceeds of the placing and c.£27.9 million of funds drawn down from a £35.0 million extension of Alliance's debt facilities.

The Travers Smith team comprised Corporate Finance Partner Jon Reddington and Corporate Finance Senior Associate Mark Anderson. U.S. securities law advice was provided by U.S. Partner Dan McNamee and Senior U.S Associate Brent Sanders.

Alliance was advised by CMS (Simon Morgan) on the capital raising.

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