Hogan Lovells have advised joint bookrunners, Goldman Sachs International and Liberum Capital Limited, on an up to £105 million capital raising for luxury brand Ted Baker by way of a firm placing, placing and open offer and offer for subscription.
The Capital Raising forms part of a holistic financing package and broader strategic transformation plan, ‘Ted’s Formula for Growth’, to navigate the challenges of the global Coronavirus pandemic and return the Company to profitable growth.
The team was led by London corporate partners Maegen Morrison and Raj Panasar with support from senior associate Catherine Lah and associate Mandy Ching. Partner Jonathan Baird and senior associate Daria Latysheva helped advised on the US aspects of the transaction.
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