Hogan Lovells has advised Jefferies, Berenberg and Shore Capital in their capacity as Joint Bookrunners on the IPO of Market Tech Holdings Limited on AIM.
 
Market Tech is a holding company that combines iconic real estate assets with an e-commerce business and owns and manages the main Camden Markets in Central London.

The Placing raised £100 million before expenses, giving Market Tech a market capitalisation of £750 million at the placing price.

Focused on the iconic retail, leisure and creative environment of the Camden Markets, Market Tech unifies a total of over 11 acres of real estate assets under single ownership. Market Tech is also developing a diverse and innovative online and offline multichannel offering with appeal to a global audience significantly beyond the 28 million* visitors per annum that visit the Camden area. Through its online investment, Market Tech plans to develop an online retail leisure and lifestyle presence that it believes will deliver greater revenues for the online business and for the physical markets.

The Hogan Lovells team advising the Joint Bookrunners was led by London corporate partner Nigel Read supported on corporate matters by John Basnage (partner), Philip Corser (Of Counsel), Jaime Huertas (associate) and Ben Coleman (associate) and on real estate maters by Jackie Newstead (partner), Mark Saunders (senior associate), Will Seymour (associate), Henry Stevens (associate) and Jessica Hickson (associate).

Commenting on the IPO, Nigel said:
"We are pleased to have advised Jefferies, Berenberg and Shore Capital on this significant IPO. It is particularly encouraging that the London equity capital markets remain open for business in the run up to the Christmas period and the pipeline for 2015 looks positive."

*Based on Transport for London data for annual entry and exit figures for Camden Town and Chalk Farm London Underground stations in 2013.