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Alasdair Steele

Partner
Head of Equity Capital Markets

CMS Cameron McKenna Nabarro Olswang LLP
Cannon Place
78 Cannon Street
London
EC4N 6AF
United Kingdom
Languages English

Alasdair is a Partner in our Corporate Team at CMS London and Head of Equity Capital Markets. He specialises in UK and cross-border corporate finance, including public and private M&A, strategic investments and primary and secondary equity issues, as well as regularly advising on infrastructure consortia and corporate joint venture arrangements. He regularly advises quoted companies and financial intermediaries on the UK Listing Rules, Prospectus Regulation Rules, Disclosure and Transparency Rules, AIM Rulesthe Takeover Code and general company law. Alasdair has a particular focus on the Infrastructure and Technology sectors and regularly visits clients, investors and advisers in China and India.

Between 2000 and 2003, Alasdair was a director in the corporate finance team at NTL (now Virgin Media), where his responsibilities included overseeing and managing a number of acquisitions, investments (including acting as an investor director), fundraisings and disposals both in the UK and abroad, as well as being a core member of the NTL team responsible for effecting its US$20bn Chapter 11 restructuring and refinancing.

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"He is one of the best lawyers to deal with."

Chambers and Partners

"a mid-cap equity capital markets specialist who gives well-priced, commercial advice, knows market practice and, for us, he is a go-to person when it comes to these areas"

Investment Bank

Relevant experience

  • Datang International Power Generation Co. Ltd. on the listing of £676m of H Shares on the Main Market.
  • EC English on its acquisition of the Embassy English language schools business from Study Group.
  • India Infrastructure on its acquisition of £191m of hydro-power and transport and logistics assets from Guggenheim Global Infrastructure Company.
  • Sequoia Economic Infrastructure Income Fund on >£1bn of fundraisings through a series of placings, open offers and offers for subscription.
  • Sportingbet on its £485m recommended takeover by William Hill and GVC.
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Publications

  • Alasdair edits several chapters of Tolleys Company Law.
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Education

  • 1993 – Dip. L.P., University of Glasgow, Glasgow
  • 1992 – LLB (Hons) (1st Class), University of Glasgow, Glasgow
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Expertise

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23/11/2023
CMS advises on two capital raisings in a sign that markets are opening...
International law firm CMS has advised on two significant capital raisings in quick succession, providing a glimmer of optimism for increased market activity in the coming year. £200m placing to part...
15/11/2023
CMS Expert Guide to Public Takeovers in United Kingdom
1. Are takeovers of listed companies regulated? Yes – the City Code on Takeovers and Mergers (“Code”) governs public takeovers of companies which have their registered offices in the UK, the Channel...
Comparable
09/11/2023
FRC U-turns on proposed changes to the UK Corporate Governance Code
In another surprise move in the normally placid world of corporate governance, the FRC provided an important policy update in response to the King’s Speech on 7 November 2023 – which failed to include...
28/06/2023
CMS Expert Guide to International ECM Listings
Equity markets offer exciting opportunities for businesses to raise capital, but with different markets in different jurisdictions providing access to different investors, companies need to consider carefully...
26/06/2023
Our Mining & Mineral Practice
Sector-focused legal advice for the full lifecycle of your mining project From preliminary negotiations with government bodies to secure crucial mining titles, through to project development, financing...
18/05/2023
Investor Attitudes to ESG Disclosures
One of the biggest challenges with ESG reporting today is understanding what information is required; what investors themselves want to know; what it is that the companies they invest in need to measure;...
04/05/2023
FCA publishes consultation paper on proposed reforms to the UK listing...
On 3 May 2023 the Financial Conduct Authority (“FCA”) published its consultation paper on the proposed UK equity listing rule reforms (and feedback to its discussion paper published in May 2022)...
03/05/2023
FCA publishes consultation paper on proposed reforms to the UK listing...
On 3 May 2023 the Financial Conduct Authority (“FCA”) published its consultation paper on the proposed UK equity listing rule reforms (and feedback to its discussion paper published in May 2022)...
27/04/2023
CMS advises Redburn and Rothschild & Co on the merger of Redburn and Atlantic...
International law firm CMS is advising Redburn (Europe) and Rothschild & Co on the merger of the operations of Redburn (Europe) and Atlantic Equities, under the ownership of Rothschild & Co.  The combination...
24/02/2023
CMS advises on fundraising by AIM-listed SigmaRoc
International law firm CMS has advised Liberum Capital as nominated adviser and joint bookrunner, and Peel Hunt and Redburn as joint bookrunners, on the successful £30m fundraising by AIM-listed SigmaRoc...
15/11/2022
Advising the Board Report on Director Duties Risk
Executive and non-executive directors have a wealth of re­spons­ib­il­it­ies, but no matter the nature of a particular role or industry, or the day to day demands of a business, all directors remain subject...
09/11/2022
Pre-Emption Group issues new Statement of Principles on the dis­ap­plic­a­tion...
On 4 November 2022 the Financial Reporting Council issued, on behalf of the Pre-Emption Group, a new Statement of Principles - Disapplying pre-emption rights (the Principles). The Principles have been...