Latham & Watkins advised the joint bookrunners, Citigroup Global Markets Limited and Credit Suisse Securities (Europe) Limited, on a £522 million capital raising by Taylor Wimpey plc. Paul, Weiss advised Taylor Wimpey plc.
The capital raising was comprised of a £515 million placing together with a separate director subscription and retail offer made via the PrimaryBid platform. The capital raising represented approximately 11% of Taylor Wimpey plc’s previously issued share capital.
Taylor Wimpey plc is one of the UK’s largest residential property developers, operating in the United Kingdom and Spain. The Company builds a variety of properties ranging from apartments to detached homes.
Latham’s team advising the joint bookrunners was led by London corporate partners James Inness (Picture) and Nick Cline, with associates Sean Meehan and Tom Channing. Partner Ryan Benedict and associate Sarah Youssefi advised on US securities law matters.
Paul, Weiss advised Taylor Wimpey plc with a team led by U.S. securities partner Mark Bergman.
Involved fees earner: Ryan Benedict – Latham & Watkins; Tom Channing – Latham & Watkins; Nick Cline – Latham & Watkins; James Inness – Latham & Watkins; Sean Meehan – Latham & Watkins; Sarah Youssefi – Latham & Watkins; Mark Bergman – Paul Weiss Rifkind Wharton & Garrison;