Ashurst advises JP Morgan Cazenove on placing by Big Yellow Group
02 July 2021
Pursuant to the Placing, Big Yellow issued 7,751,938 new ordinary shares at a price of 1,290 pence per share, raising gross proceeds of approximately £100 million (the "Placing").
The net proceeds from the Placing are to fund acquisitions of the remaining 80% stake in Armadillo Self Storage (an existing regional brand of 25 stores) not held by the Big Yellow Group and a strategic site at 66 Hammersmith Road, West Kensington, London.
The Ashurst team was led by corporate partners Nicholas Holmes and Jeffrey Johnson, with support from associates Aaron Koh and Krishna Parikh.
