White & Case advises on Diploma’s £236 million equity fundraise for acquisition of Tennessee Industrial Electronics
1 min read
Global law firm White & Case LLP advised Barclays and Numis, as joint global co-ordinators and joint bookrunners, on the £235 million equity fundraise by Diploma plc (Diploma) to fund its acquisition of Tennessee Industrial Electronics.
The equity fundraise represented approximately 7.5 percent of Diploma's issued share capital and comprised a £235 million placing to institutional investors with a separate director subscription and retail offering made via the PrimaryBid platform.
UK-based Diploma is an international group supplying specialised technical products and services.
The White & Case team which advised on the transaction was led by partner Jonathan Parry and included counsel Bob Lehner and associate Tarang Nagar.
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