Nabarro and Broadlaw Group partner, Lefèvre Pelletier & associés (LPA), have jointly advised La Française de L’Energie on its global IPO on the regulated market of Euronext Paris which has raised over €37.5 million before expenses. LPA advised its long-standing client on the offering in the European Union to retail and institutional investors while Nabarro advised on the US Rule 144A offering into the United States to qualified institutional buyers. On its initial listing day, the company had a €125 million market cap.

La Française de L’Energie is a leading French coal-bed methane and coal-mine methane gas operator with gas assets in the Lorraine and the Nord-Pas de Calais regions in France. La Française de L’Energie’s aim is to convert these assets into producible energy reserves to assist local economic development.

The Nabarro team comprised Corporate partner Alasdair Steele and US counsel David Rivera.

Commenting on the transaction, US counsel David Rivera said:

"We are pleased that we could assist LPA and advise La Française de L’Energie on its Rule 144A offering into the United States. This transaction was an excellent opportunity to demonstrate our US securities law capabilities and the cross-border competencies of the Broadlaw Group of law firms."