Mayer Brown advises Numis Securities on £10m fundraising for Modern Water PLC
4 March 2013
London - Leading global law firm Mayer Brown has advised Numis Securities Limited in its role as nominated adviser and broker in connection with a £10m share placing by AIM listed Modern Water PLC, a company which owns, installs and operates membrane technology and supplies advanced systems for water monitoring.
The placing raised £9.5m gross proceeds to assist the company in pursuing opportunities particularly across China and the Middle East and to grow its monitoring business by licensing and acquiring innovative, proven products to leverage its international business.
Numis Securities Limited is an independent investment banking and institutional stockbroking business. It is the trading subsidiary of Numis Corporation plc, whose shares are quoted on AIM. Numis has research, sales, trading, broking, capital raising and corporate finance capabilities in 14 sectors, including building & property, engineering, life sciences, media, metals & mining, new energy & emissions, non-life insurance, oil & gas, retail, speciality & other financials, smaller companies, support services, technology and travel & leisure.
Kate Ball-Dodd, Corporate partner at Mayer Brown, said: "We are delighted to have advised long standing client Numis in their role as adviser to Modern Water in helping it achieve its development strategy."
The Mayer Brown team was led by Corporate partner Kate Ball-Dodd with support from Corporate associate Frances Hull.