Nabarro is advising Oriel Securities Limited, a Stifel Company, as sponsor and sole bookrunner on the IPO on the main market by Sequoia Economic Infrastructure Income Fund Limited which has raised £150 million (before expenses) through an oversubscribed placing and offer for subscription.

Sequoia Economic Infrastructure Income Fund is a newly formed fund focused on the economic infrastructure sector.  The fund expects to target investments in operational projects in the transport, transportation equipment, utilities, power, renewable energy, telecommunications infrastructure and infrastructure accommodation sub-sectors.

Leading the Nabarro team was Corporate partner Alasdair Steele assisted by Corporate associates Alya Randell-Khan and Albert Li. Jones Day advised Sequoia Economic Infrastructure Income Fund.

Commenting on the transaction, partner Alasdair Steele said:

"UK equity markets have had a steady start to 2015, with investor appetite for new issues perhaps being best classed as selective.  In this context, it is a real success to achieve an over-subscribed IPO and demonstrates investors' continued enthusiasm for the infrastructure sector."

In 2014, Nabarro advised Oriel on its merger with Stifel Financial Corp (NYSE:SF), a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities and financial services business through Stifel, Nicolaus & Company, Keefe, Bruyette & Woods, Miller Buckfire & Co and Century Securites Associates in the USA and through Stifel Nicolaus Europe and Keefe, Bruyette & Woods in the United Kingdom and Europe.