Bird & Bird advises Bateman Engineering on major AIM deal

10 November 2005

International law firm Bird & Bird has been advising Bateman Engineering N.V., a Dutch registered company, on its admission to trading on AIM and institutional placing. The placing raised US $25 million for the Company giving it a market capitalisation of US $125 million on admission. Bateman Engineering is currently the only Dutch registered company to be admitted to trading on AIM.

Bird & Bird was the lead legal advisor on this deal with lawyers in the firm’s UK as well as Dutch offices involved in all aspects of the deal. London partner Mark Pinder led the UK team with Sarah Sommer as lead assistant. Partner Roger Butterworth led the due diligence with assistance from Charlotte Ford while in The Hague, partner Steven van der Waal led the work with Lous Vervuurt and Ingrid de Haan assisting. The deal is part of a growing area of work for Bird & Bird which has increasingly been advising European companies wishing to be admitted to trading on the AIM market. Last year the firm also advised the NOMAD on the first ever Italian company, Teleunit S.A., to be admitted to trading on AIM.

Commenting on the deal, Jonathan Ben-Cnaan from Bateman Engineering said:

“This is the first time we have used Bird & Bird in London and we were delighted with their support. The deal was complicated by the complexities of Dutch law however Bird & Bird’s expertise in both countries was an essential element to making the deal work. The quality of service was on a level I didn’t know existed”.

Mark Pinder added:

“This deal was very exciting. From a legal perspective it involved a number of very interesting challenges. Bateman is a truly international group with operations in Africa, Australia, Canada, the CIS as well as Europe. In order to ensure a smooth admission to trading on AIM we had to work closely with our Dutch colleagues which resulted in a successful placing and admission”.

For more information on this please contact Mark Pinder on 020 7415 6000.

For more information about Bird & Bird please contact Natalie Arestis, PR Manager on 020 7905 6248.