2 July 2009 – Leading international law firm Mayer Brown is advising the board of Lookers plc, in relation to a firm placing and open offer of new shares to raise £80.7 million.

Lookers is a main dealer group for many car manufacturers  and a national aftermarket parts distributor . The multi-franchise profile includes: Aston Martin, Bentley, Ferrari,  Honda, Jaguar, Maserati, Mercedes-Benz, Vauxhall and VW .

The Mayer Brown team was led by corporate partners Stephanie Bates and Lauri-Lynn Pursall, with corporate associates James Trentham, Louise Barber, Victoria Matthews and Sunjay Malhotra.

Ken Surgenor, CEO of Lookers plc, confirmed that he was delighted with the level of positive support received from shareholders and new investors to the placing and open offer. “Our advice from Mayer Brown was absolutely first rate, their liaison with our merchant bank, brokers, advisers and the UKLA enabled us to meet challenging deadlines, underpinning our ability to get our offer into the market professionally and on schedule. Their involvement was invaluable.”

Rothschild is acting as financial adviser and joint sponsor with Numis acting as lead underwriter, joint broker, joint sponsor and sole bookrunner and KBC Peel Hunt acting as joint underwriter and joint broker.

For further information:

Charlotte Ward
PR Manager, London
+44 20 3130 8547