ADVISER: ARDEN PARTNERS AND MIRABAUD
GREENKO is using nominated adviser and broker Arden Partners alongside Mirabaud Securities to run its £50m share placing.
Arden has advised Greenko since the India-focused firm floated on AIM in November 2007.
Head of corporate finance Richard Day is named as the lead broker on the placing, alongside corporate finance director Adrian Trimmings. Day also acts for Indian coal company Great Eastern Energy, which listed on AIM in 2005 and moved to the main market last year.
Arden Partners is also currently working with AssetCo, the troubled fire engine supplier currently fielding takeover bids.
Mirabaud Securities’ team is being led by Peter Krens, equity capital markets partner. Krens advises a number of energy companies including Gulf Keystone, Hummingbird Resources and Caparo Energy.
Greenko’s share placing to fund more asset purchases will represent more than 15 per cent of the firm’s total share capital and is expected to enter the market on 28 June.