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Freshfields advises Aston Martin on £216 million placing
Freshfields Bruckhaus Deringer advises its long-standing client Aston Martin Lagonda Global Holdings plc (‘Aston Martin’), a FTSE 250 listed British luxury car manufacturer, on its placing of new ordinary shares, as well as concurrent offer made to retail investors and a subscription by certain members of the board of directors.
The transaction, which raised proceeds of £216 million, included investments by the Yew Tree Consortium (led by Lawrence Stroll, Executive Chairman of Aston Martin), The Public Investment Fund (the sovereign wealth fund of Saudi Arabia), Geely International (Hong Kong) Limited and Mercedes Benz AG.
The proceeds from the transaction will allow Aston Martin to further deleverage its balance sheet and support capital investments related to the Company’s electrification strategy.
The Freshfields team, led by partner Chris Mort and senior associate Egor Marisin, includes counsel Richard Ho and associates Toby Halford and Maya Haria.
