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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 UK Listing Rules, Prospectus Regulation Rules, Disclosure and Transparency Rules, AIM Rulesthe 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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"He is one of the best lawyers to deal with."

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"

Investment Bank

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.
  • India Infrastructure on its acquisition of £191m of hydro-power and transport and logistics assets from Guggenheim Global Infrastructure Company.
  • 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.
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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

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04/09/2024
How the New FCA Listing Rules Have Changed for Closed-Ended Investment...
IntroductionOn 29 July 2024, the new Listing Rules came into force (new UKLR), which aim to simplify and streamline the regulatory framework, reduce the administrative burden on issuers, and enhance investor...
02/08/2024
Changes to the UK Listing Rules: Focus on the Controlling Shareholder Regime
The Financial Conduct Authority’s (FCA) new listing rules came into force on 29 July 2024 and aim to simplify and streamline the regulatory framework, reduce the administrative burden on issuers, and...
19/07/2024
Practical consequences of the changes to the FCA listing rules on significant...
1. Introduction  On 11 July 2024, the Financial Conduct Authority (FCA) published a new set of listing rules that will come into force on 29 July 2024. The new rules aim to simplify and streamline the...
18/07/2024
FCA overhauls the UK listing regime as part of the most ambitious listing...
On 11 July 2024, the Financial Conduct Authority (FCA) published its final policy position and rules for a revised UK listing regime to modernise the existing Listing Rules.These changes follow extensive...
15/07/2024
FCA overhauls the UK listing regime as part of the most ambitious listing...
On 11 July 2024, the Financial Conduct Authority (FCA) published its final policy position and rules for a revised UK listing regime to modernise the existing Listing Rules.These changes follow extensive...
23/11/2023
CMS advises on two capital raisings in a sign that markets are opening...
International law firm CMS has advised on two significant capital raisings in quick succession, providing a glimmer of optimism for increased market activity in the coming year. £200m placing to part...
15/11/2023
CMS Expert Guide to Public Takeovers in United Kingdom
1. Are takeovers of listed companies regulated? Yes – the City Code on Takeovers and Mergers (“Code”) governs public takeovers of companies which have their registered offices in the UK, the Channel...
Comparable
09/11/2023
FRC U-turns on proposed changes to the UK Corporate Governance Code
In another surprise move in the normally placid world of corporate governance, the FRC provided an important policy update in response to the King’s Speech on 7 November 2023 – which failed to include...
28/06/2023
International ECM Listings Rules, Requirements & Obligations in United...
Listing Criteria - Official List/Main Market (Unless expressly stated, the information in this section addresses a listing of equity shares in a commercial company (not an investment company) on the Premium...
26/06/2023
Our Mining & Mineral Practice
Sector-focused legal advice for the full lifecycle of your mining project From preliminary negotiations with government bodies to secure crucial mining titles, through to project development, financing...
18/05/2023
Investor Attitudes to ESG Disclosures
One of the biggest challenges with ESG reporting today is understanding what information is required; what investors themselves want to know; what it is that the companies they invest in need to measure;...
04/05/2023
FCA publishes consultation paper on proposed reforms to the UK listing...
On 3 May 2023 the Financial Conduct Authority (“FCA”) published its consultation paper on the proposed UK equity listing rule reforms (and feedback to its discussion paper published in May 2022)...