London — Mayer Brown has advised GBGI Limited, a leading integrated provider of international benefits insurance, on its admission to trading on AIM. On admission, the company had an initial market capitalisation of approximately £130 million, making this the largest admission to AIM in 2017 to date.

GBGI, which trades as the Global Benefits Group, also successfully raised total gross proceeds of £32 million through a placing of new shares. The proceeds of the placing will be used to further strengthen GBGI's capital position and support future growth.

Canaccord Genuity Limited acted as Nominated Adviser, Broker and Financial Adviser to GBGI.

The Mayer Brown team was led by London Corporate Finance & Securities partner Colin Scagell and included Corporate & Securities partner Paul de Bernier (LA), senior associate Simon Allison (London) and associates Charles Clendon, Oliver Lyons (both London) and Stephanie Hurst (LA); IP senior associate Daniel Gallagher (London); and Tax Transaction & Consulting partners Sandy Bhogal (London) and George Craven (Chicago), and senior associate Benjamin Fryer (London).