International legal practice, Osborne Clarke, has advised Singer Capital Markets, in its capacity as nominated adviser on Chapel Down Group plc's ("Chapel Down") move to AIM from the Aquis Stock Exchange, which was announced on 9 November 2023.
Chapel Down is England's leading and largest wine producer with an award-winning range of sparkling and still wines. Founded in 2002, Chapel Down has since become one of the UK government's Top 50 Food and Drink producer and was the first English winery to ever feature in the London Stock Exchange's '1,000 Companies to Inspire Britain'. Chapel Down has also supported other great English institutions, including English Cricket, The Oxford and Cambridge Boat Race, Ascot Racecourse, The Royal Opera House and The Turner Contemporary, and also welcomes approximately 60,000 visitors a year for winery tours and tastings to its winery in Tenterden, Kent.
The board of directors of Chapel Down consider a move to AIM will be in the best interests of the company and its shareholders and given the growing scale of the business, is a more appropriate market for the company and will enable it to attract a wider pool of investors and improve liquidity over time.
Admission of Chapel Down's shares to AIM is expected to take place on 7 December 2023.
The Osborne Clarke team that advised Singer Capital Markets on the transaction was led by Partner Jonathan King, who was assisted by Associate Director Ed Nisbet and Associate Elizabeth Britchford.
Osborne Clarke's Corporate team, which is ranked in the top tiers by both Chambers and the Legal 500 for AIM, 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.