Carey Olsen's listing specialists have advised on the initial public offering (IPO) of Hadrian's Wall Secured Investments on the London Stock Exchange (LSE) and its admission to the premium segment of the official list of the UK Listing Authority. It is the first main market IPO of an investment company this year.
The initial placing has raised £80 million. The company will invest primarily in UK commercial loans secured by a range of assets, including equipment, plant and machinery, real estate and trade receivables.
Carey Olsen's team included Partner Ben Morgan, Senior Associate Annette Alexander and Associate Alexandria du Jardin, who advised Hadrian's Wall Capital’s investment adviser on the Guernsey aspects of the admission, including the incorporation and registration of the Guernsey company.
Hadrian’s Wall Capital has chosen to domicile its new listed fund in Guernsey and to use International Fund Management as alternative investment fund manager and Praxis Fund Services as administrator.