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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 Jan 19
Ar­ti­fi­cial In­tel­li­gence – Bey­ond the law­yer­ing in cor­por­ate...
31 Mar 20
Coronavir­us Act 2020
The Coronavir­us Bill has re­ceived Roy­al As­sent in near re­cord time for such a wide ran­ging piece of le­gis­la­tion.  The Act gives ef­fect to the gov­ern­ment’s ac­tion plan for re­spond­ing to the COV­ID-19...
10 Sep 18
In­ter­na­tion­al Cap­it­al Mar­kets Group
Con­tacts Book
26 Mar 20
Ex­ten­sions to dead­lines for pub­lish­ing and fil­ing an­nu­al ac­counts...
In a com­bined ap­proach, the FCA, Lon­don Stock Ex­change and Com­pan­ies House have an­nounced a series of meas­ures ex­tend­ing the dead­lines for both the pub­lic­a­tion of fin­an­cial res­ults by lis­ted com­pan­ies...
16 Jul 18
ECM Mar­ket Re­view June 2018
23 Mar 20
Tem­por­ary Coronavir­us Meas­ures for AIM com­pan­ies and Nomads
Cor­rect as of 10 am 23 March 2020. This art­icle is not be­ing main­tained. We pre­vi­ously pub­lished a Law-Now high­light­ing some of the po­ten­tial con­sequences of the spread of Coronavir­us for UK pub­lic com­pan­ies....
27 March 2017
Nabarro ad­vises on £235m in equity
20 Feb 20
In­dir­ect con­sequences of Nov­el Coronavir­us for UK lis­ted com­pan­ies
The con­tin­ued glob­al spread of Nov­el Coronavir­us (“COV­ID-19”) and the con­sequent travel re­stric­tions im­posed with­in, in­to and out of China may in­dir­ectly res­ult in cer­tain leg­al risks arising for...
17 March 2017
Nabarro ad­vises Bear­ing­Point on ac­quis­i­tion of LCP...
20 Feb 20
Gov­ern­ment con­sults on UK Glob­al Tar­iff
The UK Gov­ern­ment has launched a pub­lic con­sulta­tion on what the UK’s glob­al tar­iff re­gime should be after the end of the trans­ition peri­od with the EU. Changes be­ing con­sidered in­clude re­mov­ing small...
16 March 2017
Nabarro ad­vises on MBO of CBC UK backed by BP Marsh...
30 Jan 20
Brexit FAQs
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...