International law firm Bird & Bird has advised Joh. Berenberg, Gossler & Co. KG as sole global bookrunner on a successful placing of new Ordinary Shares for XLMedia Plc, raising gross proceeds of £31.7 million. The placing was oversubscribed and was carried out by way of an accelerated bookbuild. The admission of the new Ordinary Shares to trading on AIM will take place on 22 January 2018.

XLMedia, a leading provider of digital performance marketing, will use the proceeds from the placing to fund future acquisition opportunities.

The team was led by partner Adam Carling, who was assisted by Sharon O'Donnell.

Joh. Berenberg, Gossler & Co. KG is a longstanding client of lead partner Adam Carling, which he brought over from his previous firm, Charles Russell Speechly.

Adam Carling commented: "It was a pleasure to advise Berenberg on this substantial fundraising, the first we have acted on for them here at Bird & Bird. After a busy 2017 for both teams, this has been a very encouraging start to 2018."