Capital Markets
Our Capital Markets team is experienced in all types of public company work involving AIM and the Main Market of the London Stock Exchange. We regularly advise issuers, financial intermediaries and nominated advisers/brokers on a vast majority of matters including pre-IPO fundraisings, Main Market and AIM listings, dual listings, secondary offerings, rights issues, reverse takeovers, acquisitions, disposals, the continuing post-admission regulatory requirements and all aspects of life on the public market.
We appreciate that the IPO process can be demanding for a business and its personnel, and we understand the value and importance to our clients of effective project management of the delivery of our services, across all legal disciplines, and the efficient co-ordination of our services with those of the other members of our clients’ professional teams.
Our lawyers will be able to identify key issues, help clients avoid pitfalls and to contain costs and above all help ensure the smooth and timely transition to the public markets. As your legal adviser, we will ensure that all the essential documentation needed to pull your deal together and complete the listing is properly completed.
We pride ourselves on providing sensible, pragmatic and robust advice whatever our clients’ direction or circumstances.
Representative Capital Markets Work
Examples of our team’s capital markets work include:
- Advised an online gaming company on its proposed move to AIM.
- Advised the shareholders in respect of the sale of their shares in a nominated adviser.
- Advised Ablon Group Limited on a rights issue to raise up to £8.7m.
- Advised Manroy Plc on its admission to AIM in connection with the reverse takeover of Manroy Systems Limited and £6m placing of shares and further placings.
- Advised AIM-listed Tangent Communications plc on its reverse takeover and the acquisitions of Ravensworth Digital Services Ltd and C360 UK Ltd with associated placings.
- Advised a number of Nominated Advisers, including Allenby Capital Limited, Collins Stewart Europe, Daniel Stewart & Co Limited, Northland Capital Limited, Numis Securities and Shore Capital & Corporate Limited on a variety of AIM admissions and secondary placings.
- Advised various clients on ISDX listings.
- Advised Cornhill Capital Limited on numerous deals, including the placing of shares and issue of warrants in Red Rock Resources, the AIM admission of e-Therapeutics and £1.33m placing, the £8.5m debt to equity restructuring of Kedco, the £2.6m placing of loan notes in Kedco and the £1m refinancing of loan notes in Atlantic Coal
- Advised on a number of Main Market VCT mergers by way of schemes of reconstruction under s 110 Insolvency Act 1986 and related share offers.
Testimonials
“lateral thinking lawyer’ Dov Katz praised for his ‘wealth of experience’ and ‘exceptional strategic vision”
Legal 500
“Dov Katz of Teacher Stern LLP has a wealth of experience and connections, and is a true professional with an eye for detail”
Chambers UK
Key contacts:
Biography
As head of the firm’s corporate and commercial practice, David’s broad transactional experience includes acquisitions, disposals, take-overs and mergers, asset sales/purchases, joint ventures and company restructuring. He also advises clients on a range of corporate and commercial matters, including company/partnership formation, partnership/shareholders agreements and employment issues.
David has particular experience in the field of sport, acting amongst others for prospective purchasers of Premiership and Football League clubs in takeovers. He is also at the forefront of the development in England of the investment in and transfer of the economic rights of sportsmen and women.
For property investor clients, he has particular expertise in the disposal and acquisition of corporate and similar structures which assist in mitigating stamp duty land tax.
David was listed as a ‘leading individual’ in the Legal 500 2020 rankings. He was also listed as a recommended lawyer in the 2024 rankings.
Representative Experience
David has experience:
- Acting for investors in the economic rights of football players playing in the Premier League and the top divisions in other European Countries as well as in South America. Over the years, David has been involved in providing advice connected with the transfers, economic rights participation and/or playing rights of various Premier League and foreign based players including Carlos Tevez, Javier Mascherano, Jo, Gonzalo Higuain, Luis Fabiano and Heurelho Gomes to name but a few. More recently David has provided advice in relation to the following players: Paulhino (Tottenham) Willian (Chelsea), Oscar (Chelsea) and Carlos Tevez (Juventus).
- Advising on a £430 million acquisition of a mixture of offshore and onshore companies owning 180 petrol stations and advising on the sale thereof three years later.
- Acting on a series joint ventures for a leading UK celebrity magazine and newspaper publisher with a combined value in excess of £280m.
- Acting for the prospective purchasers in their takeover of a Premier League Football Club.
- Advising on the £166 million sale of a group of companies with an industrial portfolio.
- Acting on the acquisition and financing of 545 public houses, worth £163 million.
- Advising on the £25 million sale to a UK plc of a leading UK independent internet service provider.
- Advising the founders and owners of a high end chain of London coffee shops on the sale, earn out and rollover of the owners’ differing interests in the business to a well known industry leading private equity firm.
- Advising the owners of a mining public relations agency on the sale of the worldwide operations to a UK quoted company.
Testimonials
‘David Salisbury is extremely personable, has an acute commercial sense and instils every confidence that he will provide sound reasoned advice with his clients best interests and not there to score points with the other side.’
Legal 500
Year qualified
Solicitor, 1992
Career History
Partner, Teacher Stern
