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Alasdair Steele

Partner
Head of Equity Capital Markets

Alasdair Steele

Alasdair Steele

Partner
Head of Equity Capital Markets

T +44 20 7524 6422
F +44 20 7367 2000
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

"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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The UK’s de­par­ture from the EU on 31 Janu­ary provides cer­tainty of a sort. But most of the Brexit-re­lated is­sues that really mat­ter to busi­nesses are still to be re­solved. As the UK and the EU pre­pare...
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Law-Now Brexit
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