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Norton Rose advises Hoare Govett Limited

Norton Rose advises Hoare Govett Limited

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International legal practice Norton Rose LLP has advised Hoare Govett Limited in its capacity as broker and underwriter to a placing of shares in Fenner plc raising approximately £36.5 million. The deal was announced on 14th March 2008. Hoare Govett Limited conducted the placing by way of an accelerated bookbuild to institutional investors.

Fenner plc, which is listed on the Main Market of the London Stock Exchange, is the world's number one producer of heavyweight belting using PVC, fabric and steel reinforced rubber. Precision polymer products, designed and manufactured by the Group, include detachable V-belts, thermoplastic belts, precision timing belts, reinforced thermoplastic ducting, high-temperature hoses, composite pulleys, sprockets and bearing housings, conveyor guide systems, keyless bushings and belt/chain tensioners.

The Norton Rose LLP team was led by partner Stephen Rigby assisted by Melanie Barnett, Emma de Ronde and Zoe Tite.

Nabarro acted for Fenner plc.

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