Appleby Guernsey has acted as Guernsey counsel to Market Tech Holdings Limited (Market Tech), a Guernsey company that combines iconic real estate assets in London’s Camden Town with an e-commerce business, on its recent £750 million AIM IPO.
The AIM IPO was combined with an oversubscribed placing which raised £100 million before expenses. Market Tech, which is majority owned by Israeli entrepreneur Teddy Sagi, unifies a total of 11 acres of real estate assets in London’s Camden Town under single ownership. Through its online investment, the Group plans to develop an online retail leisure and lifestyle presence that it believes will deliver greater revenues for the online business and for the physical markets.
Appleby provided advice to Market Tech on all Guernsey law aspects of the transaction. The Appleby team was led by Matthew Wrigley, Counsel, and assisted by Chet Pohl, Senior Associate.