Law firm BDB Pitmans has advised finnCap and Canaccord Genuity on another successful share placing by K3 Capital Group to raise gross proceeds of £10 million. The placing completed on 7 July 2021, and the proceeds raised funded K3’s acquisition of Knight Corporate Finance Group and Knight R&D.
K3 is a multidisciplinary professional services firm headquartered in Bolton with operations throughout the UK. The company which is listed on London Stock Exchange’s AIM market advises clients on the presentation of their businesses for sale, sourcing potential acquirers and project management of transactions through its trading subsidiaries.
Knight CF is a sector-specific corporate finance boutique advising clients in the technology and telecoms sector, while Knight R&D is a specialist research and development tax advisory firm servicing UK SMEs.
The acquisition of Knight FC and Knight R&D will enable further diversification within K3’s existing divisions by permitting the extension of its sector specialisation.
Corporate partner, Oliver Pilkington (pictured), led the BDB Pitmans team and was supported by associate Daniela Munro. The team advised on the accelerated book building mechanism through which the placing was conducted.
Commenting on the transaction, BDB Pitmans' Pilkington says: "This was a great opportunity to work with finnCap, Canaccord and the team at K3, and we’re delighted to have been able to assist them with another successful fundraising."
About BDB Pitmans
BDB Pitmans operates from four locations: London, Cambridge, Reading and Southampton.
Key practice areas consist of charities, corporate and commercial, corporate crime and financial regulation, employment, family and matrimonial, government and infrastructure, litigation, pensions, private wealth, public affairs, public law, real estate, restructuring and insolvency.
The firm consists of 72 partners and over 400 staff.
In the 2021 edition of Legal 500 rankings, BDB Pitmans has been recommended in 43 categories, with Tier 1 rankings across multiple areas of law. 22 individuals were recognised as Leading Individuals, Next Generation Partners, Rising Stars and in the Hall of Fame, which highlights individuals who have received constant praise from their clients for continued excellence.