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Portrait of 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

  • 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.
  • 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.
  • 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.
  • Numis Securities on a £104m placing and a £105m rights issue for Main Market listed Future plc.
  • 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 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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Education

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

Feed

12/01/2022
ECM Round-Up
Wel­come to the CMS ECM Round-Up for Janu­ary 2022.2021 con­tin­ued to see high levels of equity cap­it­al mar­kets activ­ity and the CMS ECM team sup­por­ted our cli­ents across a range of trans­ac­tions, ran­ging...
03/12/2021
AIM Rules: the Im­port­ance of en­ga­ging with your nom­in­ated ad­viser
An AIM lis­ted com­pany (the “Com­pany”) was re­cently pub­licly cen­sured and fined heav­ily for fail­ing to prop­erly en­gage with its nom­in­ated ad­viser and for breach­ing the re­lated party trans­ac­tion rules.  ...
23/11/2021
CMS ad­vises on sale of Hy­dro­dec to Slick­er Re­cyc­ling
In­ter­na­tion­al law firm CMS has ad­vised the Ad­min­is­trat­ors of Hy­dro­dec Group Plc (in ad­min­is­tra­tion) on its re­struc­tur­ing ini­ti­at­ives and the sale of its US sub-group to Slick­er Re­cyc­ling (Slick­er), a...
18/11/2021
CMS ad­vises on in­vest­ment in Kubrick Group
CMS has ad­vised the founders and share­hold­ers of Kubrick Group, a lead­ing pro­vider of next-gen­er­a­tion tech­no­logy con­sult­ing, on an in­vest­ment by Bowmark Cap­it­al, the mid-mar­ket private equity firm. Foun­ded...
20/10/2021
CMS ad­vises Penso Power on stra­tegic in­vest­ment from BW Group
In­ter­na­tion­al law firm CMS has ad­vised Penso Power, the ori­gin­at­or and de­veloper of Europe’s largest op­er­a­tion­al bat­tery stor­age scheme (the 100MW Minety pro­ject in Wilt­shire), on a joint ven­ture agree­ment...
12/10/2021
On­line gambling law and reg­u­la­tion in the United King­dom
16/07/2021
CMS ad­vises on £260m pla­cing to part-fund €470m re­verse ac­quis­i­tion
In­ter­na­tion­al law firm CMS is ad­vising Strand Han­son as fin­an­cial and nom­in­ated ad­viser and Peel Hunt, Liber­um Cap­it­al and Nu­mis Se­cur­it­ies as joint book­run­ners on a £260m pla­cing, con­duc­ted by way of...
29/03/2021
Ex­ec­ut­ive Re­mu­ner­a­tion: Con­sulta­tion on Restor­ing trust in audit and cor­por­ate...
The UK Gov­ern­ment’s Con­sulta­tion on restor­ing trust in audit and cor­por­ate gov­ernance (which can be found here) has im­plic­a­tions for ex­ec­ut­ive re­mu­ner­a­tion policies in the UK. The Con­sulta­tion is open...
23/03/2021
CMS ad­vises on trio of lis­ted in­vest­ment com­pany fun­drais­ings
In­ter­na­tion­al law firm CMS has ad­vised on three fun­drais­ings, rais­ing over £300 mil­lion for lis­ted in­vest­ment com­pan­ies.The firm rep­res­en­ted:Su­per­mar­ket In­come RE­IT, which in­vests in su­per­mar­ket prop­erty...
22/03/2021
CMS ECM team sup­ports on quar­tet of trans­ac­tions
In­ter­na­tion­al law firm CMS has ad­vised on over £200 mil­lion of fun­drais­ings for lis­ted cli­ents over the past fort­night.The CMS Equity Cap­it­al Mar­kets (ECM) team ad­vised on the fol­low­ing:Hol­ly­wood Bowl...
04/03/2021
CMS 2021 ECM Up­date
2020 was a year like no oth­er, with large parts of the glob­al eco­nomy be­ing shut down and in­ter­na­tion­al travel all but stopped. Des­pite drops in mar­ket valu­ation, the equity mar­kets re­spon­ded well to...
23/02/2021
CMS ad­vises on in­vest­ment in­to Dex­ters Lon­don
CMS has ad­vised the founder and man­age­ment team at Dex­ters Lon­don, Lon­don’s lead­ing in­de­pend­ent Chartered Sur­vey­ors and Es­tate Agents, on an in­vest­ment led by funds ad­vised by private equity firm Oakley...