Travers Smith corporate partner Richard Spedding is leading a team advising Singer Capital Markets as sponsor, joint financial adviser and broker in connection with a proposed US$215m acquisition by Raven Russia Limited, and a US$104m placing and open offer of preference shares to part-finance the acquisition. Raven Russia, listed on the main market of the London Stock Exchange, is acquiring Toros, the owner of Pushkino Logistics Park – a class A logistics complex north-east of Moscow.
Singer has agreed to conditionally place the new preference shares with Invesco and other institutional investors (subject to clawback in respect of the open offer).
A Class 1 Circular and a Prospectus are expected to be posted to Raven Russia ordinary shareholders and preference shareholders respectively on 1 May 2012.
