Latham & Watkins advised J.P. Morgan and Numis as the joint bookrunners on a £300 million placing by The Unite Group plc (Unite), the UK’s leading provider of student accommodation.
The placing enables Unite to continue to invest in its market-leading platform and drive future earnings growth. Unite intends to use the net proceeds of the placing to commit to new schemes under offer and capitalise on new University partnership and development opportunities in key cities to enhance future returns.
The Latham team was led by London corporate partner Chris Horton with associates Sean Meehan, Frederick Gardner and Tom Channing. Partner Ryan Benedict and associate Sarah Youssefi advised on US securities law matters.