Memery Crystal advises AIM listed client, European Wealth Group, on a significant fundraising.

The fundraising was structured as a subscription for shares and a fully underwritten open offer to shareholders, to raise gross proceeds of approximately £9.2 million.

Corporate partner Andrew Titmas commented, “We are delighted to have advised European Wealth Group on their fundraising, which will give them the working capital flexibility and balance sheet strength to pursue their stated strategy. The deal continues a busy week for our ECM team who have successfully completed two major fundraisings for clients this week.”

Editors notes:

• The Memery Crystal team was led by corporate partner, Andrew Titmas and included corporate associate, Karl Williams.
• European Wealth Group is an AIM listed, integrated wealth management business.  Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments.

Memery Crystal is a specialist international law firm based in London with a well-established history of acting for clients in the corporate sector. As an industry-leading advisory on IPO’s and M&A, Memery Crystal have again been included in “Band 1” for AIM in the most recent edition of the Chambers UK legal directory. Furthermore, the corporate team is also ranked in “Band 2” for M&A in Chambers UK.