SH advises on £122m subsidiary disposal and simultaneous London IPO
Stephenson Harwood has advised CSE-Global Limited on the sale of one of its wholly owned subsidiaries, Servelec Group plc for £122 million. Contemporaneously with the sale, which completed on 2 December 2013, Servelec was admitted to the Official List and to trading on the premium segment of the main market of the London Stock Exchange. Servelec's market capitalisation on admission was £122 million. Stephenson Harwood advised CSE-Global, Walker Morris advised Servelec and Investec Bank plc ("Investec") acted as sponsor, financial adviser, sole bookrunner and broker to CSE-Global.