Osborne Clarke advises Cenkos on £38 million IPO of Facilities by ADF

International legal practice, Osborne Clarke, has advised Cenkos Securities plc, in its capacity as nominated adviser, sole bookrunner and sole broker, on Facilities by ADF plc's £37.75 million AIM IPO and associated £18.4 million institutional placing.

ADF is a leading provider of premium serviced production facilities to the UK film and high-end TV industry. The Group hires out its facilities to productions throughout the UK and Europe, providing its services to some of the world’s largest traditional and on-demand content production companies. ADF is the only high volume facilities provider in Europe that is approved by Albert, an organisation that measures and assesses the environmental impact of businesses in the film and television industry.

The Company intends to use the net proceeds of the Placing to, amongst other things, pursue organic growth through the acquisition of capital equipment.

Admission and trading in the company’s ordinary shares is expected to take place on 5 January 2022.

The Osborne Clarke team that advised Cenkos on the transaction was led by Partner Jonathan King, who was assisted by Associate Director Ed Nisbet, Senior Associates Stuart Miller and Oliver Woods and trainee solicitor Kristian Pickup. 

Pinsent Masons LLP, led by Julian Stanier, advised ADF.

This transaction ends an active 2021 for the Osborne Clarke ECM team and represents the eighth successful IPO that the team has advised on in the calendar year. 

Osborne Clarke’s Corporate team, which is Band 1 ranked for Capital Markets: AIM by Chambers, is considered a go-to practice for many companies, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.