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Travers Smith advises on US$253.7M IPO of Taylor Maritime Investments Limited

Overview

Travers Smith LLP acted for Jefferies International Limited in its capacity as sponsor and bookrunner on the IPO of Taylor Maritime Investments Limited (the "Fund").

The Fund has used the capital raised to purchase 17 dry bulk shipping vessels and intends to use the remaining capital to part finance the purchase of a further 6 dry bulk shipping vessels.

Admission to the premium segment of the Official List took place at 8.00am on 27 May 2021.

The Travers Smith team was led by Funds Partner, Will Normand and included Funds Associate, Jacob Massey, Trainee, Fergus Crutchley and Tax Senior Associate, Sophie Lloyd.

Will Normand, commented:

“We are delighted to have advised Jefferies on the IPO of Taylor Maritime. The transaction again shows the adaptability of the listed investment company structure to allow retail access to innovative alternative investment strategies, alongside institutional investors.”