Driver Group plc’s £8.5 Million Shares Placing

Nabarro has advised N+1 Singer, as nominated adviser and broker, on the £8.5 Million placing and open offer for AIM-listed Driver Group plc

Driver Group is a multi-disciplinary consultancy which provides specialist commercial management, planning, programming and scheduling, project management and dispute resolution services. It is using the net proceeds of the fundraising, which is subject to shareholder approval, to pay down existing debt to help accelerate the next phase of its strategic plan. Driver Group intends to scale down its non-core project management services through the sale of its trading subsidiaries, Initiate and Driver Project Services.

Nabarro has advised with a team including Alasdair Steele (Picture), Iain Newman, Jack Shepherd, Charlotte Williams, Pauline Howcroft and Emmanuelle Ronez.

 

Involved fees earner: Emmanuelle Ronez – Nabarro LLP; Pauline Howcroft – Nabarro LLP; Charlotte Williams – Nabarro LLP; Jack Shepherd – Nabarro LLP; Iain Newman – Nabarro LLP; Alasdair Steele – Nabarro LLP;

Law Firms: Nabarro LLP;

Clients: N+1 Singer Capital Markets Limited;