Hat-trick of deals on the stock market.
Law firm Dickinson Dees has chalked up a hat-trick of stock market transactions in the last three months.
The Newcastle firm advised Prudhoe telecommunications specialist, BNS Telecom, on its flotation on the Alternative Investment Market (AIM) last week.
Dickinson Dees also advised stockbroker Teather & Greenwood on a recent share placing on AIM by Touchstone Group, and advised broker Brewin Dolphin Securities on the pounds 50m flotation of County Durham's Hargreaves Services, whose shares begin trading on AIM today.
Jamie Pass, head of Dickinson Dees' corporate team, said: "These transactions underline the unrivalled resources and experience we have of flotations work in the region."
Nigel Bellis led the Dickinson Dees' team on the BNS Telecom flotation, which raised pounds 8m.
The law firm worked with BNS for over a year putting in place the necessary legal preparations for the company's flotation as well as advising the company on the transaction itself.
David Horrocks, finance director at BNS Telecom, said: "Nigel and his team worked with us for some time as we prepared for listing and then through the transaction itself. We have been delighted by the levels of experience demonstrated by the whole team, in particular the significant level of partner input we have enjoyed throughout the process."
Soon after the BNS flotation came the flotation of Esh Winning's Hargreaves Services, which provides transport services for the energy and waste sector.
A team led by Dickinson Dees' Sean Nicolson advised stockbroker Brewin Dolphin Securities, Hargreaves' financial adviser and broker.
The flotation is expected to raise more than pounds 20m for Hargreaves Services and will give the firm a market valuation of more than pounds 50m.
Dickinson Dees has also recently advised London-based Teather & Greenwood on a share placing for IT service company Touchstone Group, which raised pounds 600,000 from new investors.
Mark Dickenson, head of corporate finance at Teather and Greenwood, said: "We were delighted with the work done by Dickinson Dees on the Touchstone fundraising.
"The service we received was first-class, prompt and cost- effective."
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|Publication:||The Journal (Newcastle, England)|
|Date:||Nov 30, 2005|
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