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DLA Piper

Living Wage
3 NOBLE STREET, LONDON, EC2V 7EE, ENGLAND
Tel:
Work 0207 349 0296
Fax:
Fax 020 7796 6666
DX:
33866 FINSBURY SQUARE
Email:
Web:
www.dlapiper.com

Martin Penn

Tel:
Work +44 (0)20 7153 7234
Email:
DLA Piper LLP (US)

Career

Martin Penn advises on corporate finance transactions, including initial public offerings, secondary equity fundraisings, as well other transactions under the Listing Rules or AIM Rules. Martin also advises on public takeovers, corporate governance matters and securities regulations.


London: Corporate and commercial

Equity capital markets

Within: Equity capital markets

Noted for its multi-jurisdictional capabilities, DLA Piper's 'very good' practice handles complex equity capital markets matters for large issuers and underwriters. Group head Alex Tamlyn acted for Hutchison China MediTech on its $301m depositary share offering on the Nasdaq, and Charles Severs advised Menzies Aviation on the £70m rights issuance that funded its acquisition of Aircraft Service International Group from BBA Aviation. Robert Salter advised Cannaccord, Stifel and Peel Hunt on a £100m placement by IQE; Zeus Capital is another client on the sponsor side. Karin Kirschner, Martin Penn and Johannes Poon are also recommended. The UK- and US-qualified George Barboutis moved to the Dubai office in 2018.

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Flotations: small and mid-cap

Within: Next generation lawyers

Martin Penn - DLA Piper

Within: Flotations: small and mid-cap

DLA Piper's team has a wealth of experience of domestic and cross-border mandates, with the work spanning matters such as rights issues, placings, block trades, dual listings, step-ups and public takeovers. It captures a particularly significant share of the market for AIM IPOs; a recent highlight involved practice head Alex Tamlyn and senior associate Robert Newman acting for Rosenblatt in its £43m AIM listing (representing the largest UK law firm IPO to date). Also in the legal services arena, John Campion, Jonathan Watkins and Newman are advising UK law firm Knights Professional Services Limited on its planned AIM IPO. Tamlyn also recently worked with senior associates Johannes Poon and Karin Kirschner to advise Zeus Capital (as NOMAD and broker) on the AIM listing of, and associated placing of shares by, OnTheMarket Plc. Martin Penn acted for PureTech Health Plc in its £72m placing. On the regulatory front, the firm has a  strong relationship with the London Stock Exchange, enabling its team to gain an understanding of current and upcoming rules and regulations. Tamlyn is Chair of the Primary Markets Group on the London Stock Exchange. Elsewhere, the firm has a particularly strong US securities law capability, with US-qualified partners Tony Lopez and George Barboutis having expertise in this area. Charles Severs and DLA Piper are other notable practitioners in the team.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.‚Ä©
    - DLA Piper UK LLP

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