Global law firm White & Case LLP advised Barclays and Numis, as joint global co-ordinators and joint bookrunners, on the £194 million equity fundraise by Diploma plc (Diploma).
The equity fundraise represented approximately 10 percent of Diploma's issued share capital and comprised a £190 million placing to institutional investors with a separate director subscription and retail offering made via the PrimaryBid platform. The proceeds will be used to fund Diploma's £357 million acquisition of Windy City Wire Cable & Technology Products, LLC.
UK-based Diploma is an international group supplying specialised technical products and services.
The White & Case team in London which advised on the transaction was led by partners Jonathan Parry and Laura Sizemore and included associates Andy Scott, Bob Lehner and Josh Hirschowitz.
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