Leading offshore law firm Mourant Ozannes has advised The Stanley Gibbons Group plc, the British rare stamp and collectibles merchant, on the Jersey aspects of its acquisition of Noble Investments (UK) plc.
The acquisition brings together four heritage brands (Baldwin’s, Dreweatts and Bloomsbury, together with Stanley Gibbons) which, when combined, sees the group become a leading global collectibles auction brand and a member of the top 100 AIM listed companies with a market value in excess of £130 million.
The cash element of the acquisition was funded by a fully underwritten share placing by Peel Hunt on behalf of Stanley Gibbons, which raised approximately £40 million.
The Mourant Ozannes team, which comprised partner James Hill, managing associate Matthew Shaxson and associate Andrew Salisbury, worked alongside Stanley Gibbon’s English counsel Lawrence Graham LLP. Commenting on the transaction, James Hill said: “We are delighted to have been able to advise Stanley Gibbons on such an exciting transaction. It is great to have such a business based in Jersey.”
Category: Finance & Business