Olswang has advised London Nusantara Plantations (LNP), an investment vehicle, on its admission to trading on the ISDX Growth Market, having raised a total of £649,508 (before expenses).

LNP was incorporated in the Isle of Man on 5 June 2013 as an investment vehicle to focus on investment opportunities in the upstream palm oil sector in South East Asia, primarily on the East Coast of Peninsular Malaysia. The Company's directors have significant experience in tropical agriculture, with a specific emphasis on the palm oil and rubber sectors and the management of palm oil and rubber plantations and operations, particularly in Malaysia and Indonesia.

Over a period of 5-7 years, London Nusantara intends to acquire, develop and operate up to 60,000 hectares of palm oil plantations, including crude palm oil milling and storage facilities.

Manichelvam Subramaniam, CEO of LNP commented: "Olswang's assistance and advice was essential in our successful IPO. We approached them due to their in-depth understanding of the Malaysian business culture. Moving forward, we intend to invest in projects primarily within Malaysia, which is currently the second largest palm oil producer in the world and which has highly developed infrastructure, logistics and research and development serving the palm oil industry."

Azlinda Ariffin-Boromand, Partner in the corporate group at Olswang added: "LNP have excellent collective skills and expertise and with their access to network contacts, they are well placed to identify further investment opportunties in the South East Asian region. This is the third IPO our team has worked on recently within the Asian region, and we continue to strengthen our offering in the vibrant Asian market."

The Olswang team was led by Corporate Partner Azlinda Ariffin-Boromand, who was supported by associates Abigail Wahnon and Julian Ciercieski-Burns.