LONDON – Troutman Pepper Locke advised Shaires Holdings Ltd. (Shaires), a publicly quoted investment company providing investors with exposure to leading private mid- and late-stage global technology and AI companies, in the closing of the first tranche of its institutional fundraising, raising gross proceeds of $28.5 million. For more information, see the press release.
The successful completion of this first tranche represents a major milestone following Shaires’ recent announcement of its Board and management team. The financing marks the conclusion of the first stage of Shaires’ growth strategy and supports the creation of its inaugural portfolio of carefully selected private technology companies, additional in-kind exchange transactions, and general corporate purposes.
The Troutman Pepper Locke team that advised Shaires was led by Sean Page and included Gene McDermott and Tom Bohac on U.S. securities law matters, with additional support from Charlotte Whitley-Roberts and Thomas Finan.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
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