Slaughter and May, working as a team with Paul, Weiss, Rifkind, Wharton & Garrison LLP, is advising Non-Standard Finance plc (NSF) in connection with its proposed initial public offering. NSF has been established to acquire and operate one or more non-standard consumer financial services businesses and intends to raise approximately £100 million from a placing of its shares with institutional and professional investors. The IPO was announced on 5 February 2015, with closing of the order book, publication of the prospectus and allocations expected the following week.

Approximately £48 million of investment has already been secured from three cornerstone investors: Woodford Investment Management LLP, Invesco Asset Management Limited and Marathon Asset Management (based on an offer size of £100 million).

UBS Limited is acting as Sole Bookrunner and Peel Hunt LLP is acting as Lead Manager.

CONTACTS

Corporate: Andy Ryde (partner), Lauren Fahy (associate), Richard Marron (associate), Nick Johnston (associate); Financial Regulation: Jan Putnis (partner), Tim Fosh (associate); Employment: Lizzie Twigger (associate); Tax: Sara Luder (partner); Chris Milliken (associate)

Paul, Weiss, Rifkind, Wharton & Garrison LLP: Mark Bergman (partner), Patricia Vaz de Almeida (counsel), Lyudmila Bondarenko (associate)