Diploma’s £194 Million Equity Fundraising

White & Case LLP advised Barclays and Numis, as joint global co-ordinators and joint bookrunners, on the fundraise.

Diploma plc (Diploma) closed its £194 million equity fundraise.

The equity fundraise represented approximately 10 percent of Diploma’s issued share capital and comprised a £190 million placing to institutional investors with a separate director subscription and retail offering made via the PrimaryBid platform. The proceeds will be used to fund Diploma’s £357 million acquisition of Windy City Wire Cable & Technology Products, LLC.

UK-based Diploma is an international group supplying specialised technical products and services.

The White & Case team in London which advised Barclays and Numis on the transaction was led by partners Jonathan Parry (Picture) and Laura Sizemore and included associates Andy Scott, Bob Lehner and Josh Hirschowitz.

Involved fees earner: Josh Hirschowit – White & Case; Bob Lehner – White & Case; Jonathan Parry – White & Case; Andrew Scott – White & Case; Laura Sizemore – White & Case;

Law Firms: White & Case;

Clients: Barclays Capital ; Numis Securities;