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Offshore law firm Mourant Ozannes has advised four FTSE 250 companies on their recent equity placings which have raised a total in excess of £495 million. The transactions for Big Yellow Group plc, Cable & Wireless Communications plc, Informa plc and Workspace Group plc all involved a Jersey cash box structure.
Storage company Big Yellow Group raised funds to acquire the 66.7% stake it did not already own in Big Yellow Partnership from its joint venture partner Pramerica. Telecommunications company Cable & Wireless Communications raised funds to part finance its acquisition of Columbus International, Inc.
Publishing and events company Informa raised funds in connection with the acquisition of Hanley Wood Exhibitions. Finally, business premises provider Workspace Group raised funds to extend the company's ongoing refurbishment pipeline and progress acquisition opportunities.
Various teams in Mourant Ozannes' Jersey office advised on the placings, which were led by partners Simon Felton, Robert Hickling and James Hill and senior associates Paul Martin and Jon Woolrich.
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