Keywords Studios’ £100 Million Placing

DWF has advised Keywords Studios on its placing to raise gross proceeds of approximately £100m, while Dechert acted for Numis Securities Limited and Citigroup Global Markets Limited as joint bookrunners.

The shares being issued represent approximately 10.5 per cent of the issued ordinary share capital of the company prior to the placing.  The fundraising, which was carried out by way of accelerated bookbuild, provides Keywords Studios with the flexibility to execute its acquisition strategy and maintain a strong balance sheet. Numis Securities Limited and Citigroup Global Markets Limited acted as joint bookrunners.

Keywords Studios is the international technical and creative services provider to the global video games industry.

The DWF team advising Keywords Studios was led by corporate partner, John Campion, alongside senior associate, Jemil Visram (Picture) and solicitor, Eilidh Durkin. The company also obtained US law advice-law advice from Proskauer (Peter Castillon, Luisa Ewing), Canadian law advice from Miller Thomson (Pierre Soulard) and Jersey law advice from Mourant (Jon Woolridge, Andrew Haslett). The joint bookrunners were advised by Dechert (Sean Geraghty, Jodie Valler-Feltham).

Dechert’s London office representing Numis and Citi was led by corporate partner Sean Geraghty and included U.S. securities partner Patrick Lyons and associate Jodie Valler-Feltham.

Involved fees earner: Sean Geraghty – Dechert; Patrick Lyons – Dechert; Jodie Valler-Feltham – Dechert; John Campion – DWF; Eilidh Durkin – DWF; Jemil Visram – DWF; Pierre Soulard – Miller Thomson; Andrew Haslett – Mourant Ozanne; Jon Woolridge – Mourant Ozanne; Peter Castillon – Proskauer Rose LLP; Luisa Ewing – Proskauer Rose LLP;

Law Firms: Dechert; DWF; Miller Thomson; Mourant Ozanne; Proskauer Rose LLP;

Clients: Citigroup Global Markets Ltd; Keywords Studios PLC; Numis Securities;