Stephenson Harwood LLP has advised Hotel Chocolat on this deal.
The placing consisted of the issue of 9.78 million new ordinary shares at 225 pence per share. The placing was conducted by way of an accelerated bookbuild on Friday and resulted in the initial offering being increased from £20 million due to demand from investors.
Hotel Chocolat, which was founded by Angus Thirlwell and Peter Harris in 1993, has traded under the Hotel Chocolat brand since 2003. The company, which sells its products online and through a network of locations in the UK and abroad, was also advised by Stephenson Harwood on its AIM IPO in 2016.
The Stephenson Harwood team was led by corporate finance partner Tom Nicholls (Picture), with support from partner Tom Page and associate Michelle Gomes.
Law Firms: Stephenson Harwood;
Clients: Hotel Chocolat Group plc;