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Hogan Lovells announces changes to industry sector leadership roles

Global law firm Hogan Lovells announces today it has made a series of planned changes to some of its industry sector leadership positions.

Managing Partner for Clients & Industries, Ina Brock, commented: “It speaks to the quality and depth of our industry sector teams that we are able to make regular changes to the distribution of our leadership roles, and recognise our talented people. I’d like to express my sincere thanks for all of the hard work and significant contribution of those stepping down, and wish those newly appointed every success. I have no doubt we will continue to excel under their leadership and remain at the forefront of those industries.”

Effective 1 April 2021 the changes are as follows:

  • Nicola Evans will take the reins from Charles Rix as Insurance sector lead.
  • Daniel Norris will take over from Jackie Newstead as Real Estate sector lead, and will continue to lead the global Real Estate practice area.

Hogan Lovells advises Shaftesbury on its £300m equity capital raising

International law firm Hogan Lovells have advised Shaftesbury on its equity capital raising which intends to raise gross proceeds of approximately £297 million by way of a fully underwritten firm placing and placing and open offer. Up to a further approximately £10 million in gross proceeds may also be raised by way of an offer for subscription which is not underwritten.

Shaftesbury is a real estate investment trust with a portfolio that extends to 16 acres in the heart of London’s west end, where the COVID-19 pandemic and the measures to contain it have had, and continue to have, a material adverse effect on normal patterns of activity and business. In light of the COVID-19 pandemic, Shaftesbury are carrying out the capital raising to help ensure its group maintains a strong financial base, is positioned to return to long-term growth as pandemic issues recede and, should conditions improve, is able to invest further in its exceptional portfolio.

The Hogan Lovells team was led by Corporate & Finance partners Nicola Evans and Raj S. Panasar with support from partners Jonathan Baird, Gill McGreevy (Real Estate) and Elliot Weston (Tax).

Commenting on the transaction, partner Nicola Evans said: “We are delighted to have partnered with Shaftesbury on this significant transaction which ensures Shaftesbury is in a stronger position to deal with the continuing impact of COVID-19. Agility in helping companies with the optimal type of capital raise for the circumstances is key at the moment, as the business environment can change daily.”