The Corporate Finance Team at Charles Russell has advised Origo-Sino India Plc, the AIM listed investment and strategic consulting company focussed on the private equity markets of China and India, on its £17.1 million placing.
The placing is conditional on shareholder approval. Following completion of the placing, funds managed by GLG Partners LP will have a 29.6% interest in Origo's issued ordinary shared capital.
In addition, Origo and GLG Partners LP have signed a Memorandum of Understanding to explore asset management and advisory opportunities in China, India and other markets. They have also entered into an agreement whereby Origo will provide GLG Partners LP research servives for a period of three years for a fee of £3 million.
The Charles Russell team was led by head of Corporate Finance, Simon Gilbert. Chadbourne & Parke (Claude Serfilippi ) advised GLG Partners LP and Lawrence Graham (John Reed) advised Origo's financial advisor and broker, Liberum Capital Limited and nominated advisor, Smith & Williamson Corporate Finance Limited.
Simon Gilbert, Partner
Head of Corporate Finance
Tel: +44 (0)20 7203 5061
Charlotte Tandy, Lansons Communications
Tel: +44 (0)20 7566 9706