Our Website Uses Cookies 

We and the third parties that provide content, functionality, or business services on our website may use cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, on and off the website, and help us understand your interests and improve the website.

For more information, please contact us or consult our Privacy Notice.

Your binder contains too many pages, the maximum is 40.

We are unable to add this page to your binder, please try again later.

This page has been added to your binder.

Covington Advises Cenkos Securities on Tanfield Group’s £115 million placing


LONDON, 7 August, 2007 - Covington & Burling LLP acted for Cenkos Securities plc in its role as nominated adviser and joint broker to Tanfield Group Plc in Tanfield’s £115 million placing of ordinary shares. Tanfield, the AIM-listed manufacturer of zero emission electric vehicles and aerial work platforms, will use part of the proceeds from the placing to fund the cash element of the $100 million consideration for the acquisition of US-based Snorkel Holdings LLC, a worldwide supplier of high quality industrial aerial work platforms.

Covington’s appointment for the transaction marks the first time it has represented Cenkos Securities. Stephen Keys of Cenkos Securities commented: “We were looking for a firm with a solid reputation for advising on AIM transactions which also had the expertise to guide us through the complex issues that often arise in deals with a significant US element.”

Simon Amies, corporate partner and head of the AIM practice at Covington said: “We’re delighted to have been appointed by Cenkos on this deal. This was not a straightforward domestic assignment and gave the Covington team a perfect opportunity to utilise our experience and expertise in advising on complex trans-Atlantic transactions.”

The Covington team comprised London-based corporate partner Simon Amies and senior corporate associate Gregor Frizzell, with senior counsel Tod Ackerly advising on US securities laws matters.

Share this article: