Capital Markets

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Client Description Counterparty
Advised Just Retirement on its placing and open offer in connection with its merger with Partnership Assurance.
Advised Pamplona Capital Management on the sale of residential mortgage backed securities to Davidson Kemper.
Advised LV= on its £350 million issue of Lower Tier 2 subordinated debt.
Advised Ashpol plc (managed by F&C REIT) on the restructuring of its First Mortgage Debenture Stock.
Advised Brightsea EOL (managed by F&C REIT) on the repurchase of a First Mortgage Debenture Stock.
Advised Gottex Fund Management on its initial public offering.
Advised Polygon Investment Management on its initial public offering of Tetragon.
Advised Standard Chartered on its cash placing to finance the acquisition of Hsinchu International.
Advised London Stock Exchange on its return of capital via B Share scheme.
Advised Alliance & Leicester on its issue of Tier 1 Securities.
Advised Aberdeen Asset Management on its issue of 4.5% convertible bond.
Advised Aberdeen Asset Management on its placing and open offer of convertible preference shares.
Advised Standard Chartered on its cash placing to finance the acquisition of Korea First Bank.
Advised Henderson Group on its demerger from AMP and initial public offering raising £190m of new equity.
Advised Standard Chartered on its Hong Kong dual primary listing and equity issue.
Advised Scor on its rights issue.
Advised Swiss Life on its rights issue.
Advised Cazenove on its private placing of unlisted equity.
Advised Standard Chartered on its cash placing to finance the acquisition of Chase Hong Kong.
Advised Egg on its initial public offering.
Advised on the disposal by Metallgesellschaft and initial public offering.
Advised Intermediate Capital Group on its 1 for 4 rights issue.
Advised Standard Chartered on its cash placing to finance the acquisition of UBS trade finance business.
Advised Norwich Union on its demutualisation and initial public offering.
Advised Alliance & Leicester on its demutualisation and initial public offering.
Advised Invesco on its 1 for 5 rights issue to fund the acquisition of AIM.
Advised Stadhypotek on its initial public offering.
Advised Gartmore Asset Management on its initial public offering.
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Advised Pamplona Capital Management on the sale of residential mortgage backed securities to Davidson Kemper.

Counterparty

Fenchurch is pleased to announce that it advised Pamplona Capital Management on the sale of subordinated interests in a UK residential mortgage backed securitisation structure to funds advised by Davidson Kempner for over £85 million.


The portfolio underlying the securitisation structure consists of some 2,000 UK mortgages with a total value of approximately £285 million. The mortgages are spread across the UK, with more than 40% being in London or the South East, and are loans against both owner-occupied and buy-to-let properties.

Michael Rosen, Partner at Pamplona Capital Management, commented: “Fenchurch’s independent approach and broad sector relationships helped to conduct a highly competitive process and ensure value was maximised for Pamplona’s investors.” 

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Note – includes transactions advised on by Fenchurch team members at predecessor firms