Alasdair Steele

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 UKLA Listing Rules and Disclosure Rules, the Prospectus Rules, the AIM Rules, the 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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"Extremely responsive pragmatic and strong in all areas."

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"

Michael Lee, GC, Numis Securities

Relevant experience

  • Numis Securities, as nominated adviser and underwriter, on the £132m reverse acquisition of certain healthcare products from Sinclair Pharma, associated £76m vendor placing and £5m placing following the exercise of a broker option.
  • The operator of ThinCats, the UK-based peer to peer lending platform focussed on SMEs, on the acquisition of a 73.4% stake in the company by European Speciality Finance Capital.
  • Equitix Infrastructure 3 Limited on its £97m acquisition of seven street-lighting projects from SSE.
  • Fixnetix on the acquisition by Computer Sciences Corporation of this winner of the 2011 Deloitte Technology Fast50 UK which provides outsourced managed services across multiple asset classes to leading global banks, hedge funds and proprietary trading groups seeking ultra-low latency trading, market data, hosting, infrastructure connectivity and risk management solutions.
  • Human Capital Investment Group on the MBO of their staffing business backed by private equity funds advised by Graphite Capital.
  • India Infrastructure on its acquisition of £191m of hydro-power and transport and logistics assets from Guggenheim Global Infrastructure Company.
  • Inspired Gaming Group on the £150m recommended takeover by private equity funds advised by Vitruvian Partners.
  • Investment Dar on the £150m investment into Aston Martin by Prestige Motor Holdings, which was backed by private equity funds advised by Italian firm InvestIndustrial.
  • John Laing Infrastructure Fund on acquisitions of the Kirklees social housing, Surrey street lighting, North Birmingham Mental Health, South East London Police Stations and Groningen Information Management and tax Authority Office PPP projects.
  • Stifel Nicolaus Europe (trading as Keefe Bruyette & Wood) as nominated adviser and joint bookrunner and Numis Securities as joint bookrunner on the £140m AIM-IPO of investment manager Premier Asset Management Group plc.
  • Numis Securities as sponsor and underwriter on the £100m Main Market IPO, placing and intermediaries offer for Revolution Bars operator New Inventive Bars Group.
  • Roxhill Developments Group on its formation and two subsequent funding rounds bringing in £100m investments and on its subsequent partnership with SEGRO plc in respect of a portfolio of big box logistics warehouse development sites in the South East and Midlands.
  • Stifel Nicolaus Europe as sponsor and placement agent on the £150m Main Market IPO of and £450m subsequent fundraisings for infrastructure fund Sequoia Economic Infrastructure Income Fund.
  • Sportingbet on the £485m cash and shares takeover offer by William Hill (which was seeking Sportingbet's Australian and Spanish regulated busineses) and GVC Holdings.
  • Virgin Healthcare on its acquisition of Assura Medical, a provider of primary and intermediary community-based NHS services.
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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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Publications

  • Alasdair edits several chapters of Tolleys Company Law and is a frequent contributor of articles on topical legal issues for Tolleys Company Law and Insolvency Newsletter and Tolleys Company Secretary’s Review.
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Lectures list

  • He is also a regular conference speaker, including having spoken at numerous conferences in the UK and Europe on Brexit, Codex London Innovation Summit, the Association of British Insurer’s bi-ennial conference, the German British Forum conference on Brexit and conferences on what makes German Mittlestand companies successful.
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Expertise

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31/01/2019
Ar­ti­fi­cial In­tel­li­gence – Bey­ond the law­yer­ing in cor­por­ate...
01/03/2019
Count­down to Brexit: A No Deal Check­list for busi­ness
The UK is due to leave the EU in just 28 days' time, with or without a Brexit deal. It is pos­sible that the UK and EU27 gov­ern­ments will agree an ex­ten­sion to the dead­line, but this is not cer­tain. If it does hap­pen, it might come as late as the last week.
10/09/2018
In­ter­na­tion­al Cap­it­al Mar­kets Group
Con­tacts Book
10/12/2018
AIM Reg­u­la­tion em­phas­ises primacy of Nomads
The Lon­don Stock Ex­change (the Ex­change) has fined and pub­licly cen­sured an AIM-lis­ted com­pany for fail­ing to take its nom­in­ated ad­viser’s (nomad) ad­vice and then fail­ing to keep the nomad ad­vised as to what it was do­ing.
16/07/2018
ECM Mar­ket Re­view June 2018
05/12/2018
Ready for Brexit?
As MPs de­bate the gov­ern­ment’s Brexit deal, a new re­port from CMS takes a look at the pro­spect of a No Deal Brexit and how UK busi­nesses can pre­pare for it.   The UK and the EU have ne­go­ti­ated a Brexit deal – but will par­lia­ment ac­cept it, throw it out or try.
27 March 2017
Nabarro ad­vises on £235m in equity
02/10/2018
Al­low­ing un­con­nec­ted ana­lysts to par­ti­cip­ate in the IPO pro­cess: AFME...
The As­so­ci­ation for Fin­an­cial Mar­kets in Europe (AFME) and the European As­so­ci­ation for In­de­pend­ent Re­search Pro­viders (Euro IRP) have pub­lished guid­ance on how un­con­nec­ted ana­lysts can par­ti­cip­ate in the IPO pro­cess and ac­cess in­form­a­tion on pro­spect­ive is­suers.
17 March 2017
Nabarro ad­vises Bear­ing­Point on ac­quis­i­tion of LCP...
29/08/2018
UK Cor­por­ate Gov­ernance Code 2018: Prac­tic­al Im­plic­a­tions
In Ju­ly 2018 the Fin­an­cial Re­port­ing Coun­cil (FRC) re­leased the 2018 edi­tion of the UK Cor­por­ate Gov­ernance Code. The new Code is de­scribed as “short­er and sharp­er” than its pre­de­cessor and has been the product of ex­tens­ive con­sulta­tion.
16 March 2017
Nabarro ad­vises on MBO of CBC UK backed by BP Marsh...
15/08/2018
AIM com­pan­ies fined for fail­ing to an­nounce in­form­a­tion promptly and...
AIM Reg­u­la­tion have cen­sured three com­pan­ies for fail­ing to com­ply with the AIM Rules. Two re­lated to fail­ures to make an­nounce­ments. In the case of MBL Group, the com­pany failed to up­date the mar­ket on a ma­ter­i­al de­teri­or­a­tion in the com­pany’s fin­an­cial po­s­i­tion,.