Travers Smith LLP has advised Merian Chrysalis Investment Company Limited (the Company) on its subsequent placing under the placing programme described in the prospectus published by the Company on 11 October 2018.
It includes advice in respect of the Company's proposed allocation of approximately 50 per cent of the placing proceeds toward the acquisition of additional interests in the Company's core holdings from open-ended UK small-and mid-cap equity funds managed by the Company's investment adviser, Merian Global Investors (UK) Limited. The Company raised gross proceeds of £175 million and has announced follow-on investments in each of Starling Bank, TransferWise and The Hut Group.
Listed Funds Partner Will Normand led the Travers Smith team and was assisted by Senior Associate Rachael Potts.
Will Normand commented: "We are delighted to have advised Merian Chrysalis Investment Company Limited on another successful fundraise and the deployment of proceeds to acquire additional interests in the Company’s existing portfolio."