Olswang has advised CityFibre Infrastructure Holdings Plc, a leading owner and operator of fibre optic infrastructure, on its admission to trading on the London Stock Exchange's AIM market. The Company raised £16.5 million, giving the group a market capitalisation on admission of approximately £31.4 million.

CityFibre is the largest provider of fibre infrastructure to the UK's second tier cities with over 30,000 km of fibre in the ground. The company, which owns, builds, and operates fibre optic infrastructure, works to transform the way governments, businesses, the public sector and consumers communicate by providing gigabit capable infrastructure.

Olswang have acted for CityFibre, assisting the company through various acquisitions and funding rounds, since its launch in January 2011.

Paul Blackmore, Partner in the Corporate group at Olswang, commented: "We have seen an increase in our involvement in company listings, with CityFibre's admission to AIM marking the fifth IPO the corporate team has acted on in the last seven months. CityFibre is a great company with so much potential for growth in today's data fuelled society. It has been a pleasure to support them in their move to the next stage of their development."

The Olswang team was led by Partner Paul Blackmore, who was supported by Associates Ben Taylor and Theo Godfrey, as well as Trainee Rebecca Davis (Corporate), Partner Purvi Parekh and Associate Claire Morrissey (Commercial & Regulatory), Partner Julian Turner and Associate Zachary Skaife (Finance), Partner Jeremy Mash and Associate Ceri Morgan (Litigation), Associate Luke Cohen (Employment) and Partners Andrew Quayle and Mark Joscelyne (Employee Incentives and Tax).