Carey Olsen advises on historic Market Tech deal

Friday 31 July 2015

Carey Olsen has acted for Market Tech Holdings Limited on a £200m placing on the London Stock Exchange's AIM Market in a move that is designed to facilitate a step up to the LSE's main market this year.

Market Tech Holdings owns various markets in Camden, London and the company has acquired other substantial sites across Camden with a view to bringing them together under the iconic Camden Market brand.

The Group’s main planned development will cover about 14 acres of land and includes commercial, retail, leisure and residential space along with a new primary school. The Group hosts a dedicated e-commerce site for the hundreds of stall holders who operate in the markets.

Carey Olsen's team comprised Partner Ben Morgan and Senior Associates Tony Lane and Annette Alexander.  The team advised on the offshore aspects of the transaction while assisting Market Tech's onshore counsel, DLA Piper UK LLP.

Advocate Lane said: "This transaction represents another example of Guernsey's established position as a jurisdiction of choice for trading companies looking to access capital and liquidity through a listing on the LSE."

Carey Olsen advises more LSE listed clients than any other offshore law firm and the second largest number of AIM clients of any law firm, according to the Corporate Advisers Rankings Guide (May 2015).