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LG advises Stanley Gibbons on its offer to acquire Noble Investments

01 Oct 2013

Lawrence Graham has advised international brand and stamp dealing business, The Stanley Gibbons Group plc ("Stanley Gibbons"), on its £45.7 million recommended offer to acquire Noble Investments (UK) plc ("Noble"), the listed UK based company involved with the trading and auctioning of collectibles, including ancient and foreign coins, commemorative medals and tokens, and fine arts and antiques.

Under the terms of the offer, Noble shareholders will receive part of their consideration in cash and the remainder in new Stanley Gibbons shares. The cash element of the consideration will be funded by a fully underwritten placing by Peel Hunt LLP on behalf of Stanley Gibbons.

The Lawrence Graham team advising Stanley Gibbons was led by corporate partner Sunil Kakkad with corporate senior associate Kristian Rogers and corporate associates Anne Schaffner, Matthew Horlock and Ed Radbone. Noble was advised by Davenport Lyons and Peel Hunt was advised by Osborne Clarke.‬

Commenting on the offer, Sunil Kakkad said:‬ "Having also advised Stanley Gibbons on a placing last year to fund its bidStart acquisition, we are delighted to be working with it on its proposed acquisition of the Noble business which is another significant and exciting step forward for the group."

Matter Type
M&A: Acquiror's Counsel
Industry
Retail/Consumer
News Category
M&A