Mayer Brown advises Velocys plc on £52 million equity fundraising
30 September 2014
London - Leading global law firm Mayer Brown has advised AIM listed Velocys plc, the company at the forefront of smaller scale gas-to-liquids (GLT), on its equity fundraising of £52 million by way of a placing.
Velocys will use the proceeds of the placing to further accelerate the adoption of the company’s technology following announcement of its first commercial project.
Rob Hamill, Corporate & Securities partner at Mayer Brown, said: "Investors continue to show strong support for Velocys and its technology and this is one of the largest fundraisings on AIM for the oil and gas industry this year.”
Mayer Brown has previously advised Velocys, formerly known as Oxford Catalysts PLC, on its previous two placings of new ordinary shares to raise £30.6 million in 2013 and £21 million in 2011. It also advised the company on its recent acquisition of Pinto Energy, LLC, one of the leading project developers of smaller scale GTL in North America.
The Mayer Brown team was led by Corporate & Securities partner Rob Hamill and included Corporate & Securities senior associate Rebecca Bothamley, associate Jonathan Musker and Banking & Finance partner Robert Flanigan.