CMS advises on four investment company transactions in lead up to May

CMS has advised on four investment company transactions announced at the end of April:

Sequoia Economic Infrastructure
CMS has advised investment banking firm Stifel on Sequoia Economic Infrastructure’s placing for up to 72.8m shares, implying a fundraising of up to £75.7m. The placing closes on 3 May with new shares expected to start trading on 9 May.

The CMS team is being led by Corporate partners Cathy Pitt and Alasdair Steele, and Associates Philippa Chatterton and Jenny Gray.

Supermarket Income REIT
CMS has advised Stifel on Supermarket Income REIT’s proposed equity raise of up to £65m.

The CMS team is being led by Co-Head of Corporate Iain Newman, with support from Associate Jenny Gray.

Pershing Square Holdings 
CMS has acted for investment banking firm Jefferies International on Pershing Square Holdings’ $300m reverse auction tender for its own shares. The tender closes on 10 May, with the Strike Price announced the following day.

The CMS team is being led by Corporate partner Cathy Pitt, with support from Associate Jenny Gray.

Horizon Housing REIT
CMS has acted for Winterflood Securities as sponsor and bookrunner on the proposed main market IPO of Horizon Housing REIT, a new REIT formed to invest in social housing.

The CMS team is being led by Corporate partner Cathy Pitt, with support from Associates Nicole Gyring-Nielsen, Jenny Gray.