April 08, 2021
Latham & Watkins advised the joint
global coordinators and joint bookrunners on the successful placing by Sanne
Group plc of approximately 8.4% of its existing share capital, raising gross
proceeds of c.£79.5 million. Sanne is a global provider of alternative asset
and corporate services.
The proceeds of the placing will be used to
support Sanne’s strategy of accelerating its growth through selected
acquisitions, including the acquisition of STRAIT Capital Company Ltd, a
leading North American private equity and hedge fund administration business.
This is the sixth transaction that Sanne has completed in the last 12 months.
The Latham team was led by London corporate
partners Anna Ngo and Chris Horton, with associate Samantha Si. US securities
law advice was provided by partner Ryan Benedict and capital markets lawyer