Latham Advises on £522 Million Capital Raising by Taylor Wimpey

London equity capital markets team represents bookrunners in a capital raising by one of the UK’s largest residential property developers.

June 18, 2020

Latham & Watkins advised the joint bookrunners, Citigroup Global Markets Limited and Credit Suisse Securities (Europe) Limited, on a £522 million capital raising by Taylor Wimpey plc, one of the UK's largest residential property developers. The capital raising was comprised of a £515 million placing together with a separate director subscription and retail offer made via the PrimaryBid platform. The capital raising represented approximately 11% of Taylor Wimpey plc’s previously issued share capital. 

The transaction builds on Latham’s significant equity capital markets activity in London over the past two months as many London listed companies seek to raise equity.

Latham’s team was led by London corporate partners James Inness and Nick Cline, with associates Sean Meehan and Tom Channing. Partner Ryan Benedict and associate Sarah Youssefi advised on US securities law matters. 



 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.