19 02 2016

Honeycomb Investment Trust plc raises GBP100 million on its IPo on the London Stock Exchange's Specialist Fund Market

Slaughter and May advised Honeycomb Investment Trust plc, a new specialist lending fund established and managed by Pollen Street Capital Limited, in connection with its initial public offering and admission to trading on the London Stock Exchange's Specialist Fund Market.


Honeycomb was set up to acquire interests in loans made to consumers, small businesses and other counterparties in specialist lending market segments underserved by mainstream banks and has put in place arrangements with partners such as Freedom Finance, entu, Shawbrook and Pay4Later to secure access to a broad range of investment opportunities and diversified origination platform. Honeycomb will also make selected equity investments in companies aligned with its strategy, such as brokers and loan originators. Travers Smith has advised lLiberum Capital Limited as placing agent and sole bookrunner on the £100 million IPO of Honeycomb Investment Trust plc with a team led by Investment Funds partner Will Normand, alongside associate Stuart MacKenzie. Slaughter and May advised Honeycomb Investment Truston the deal with a Corporate and Financing team led by David Johnson (partner, in picture) and Guy O'Keefe (partner), assisted by Harry Bacon (associate), David Plant (associate), Edward Chapman (associate) and Harry Vanner (trainee); an Investment Fund team composed by Paul Dickson (partner) and Matthew Farrington (associate); on Financial Regulation aspects provided assistance Kristina Locmele (associate); on Tax matters acted Dominic Robertson (partner) and Homyar Pahlan (associate). Involved fees earner: David Johnson - Slaughter and May; David Plant - Slaughter and May; Harry Vanner - Slaughter and May; Guy O'Keefe - Slaughter and May; Kristina Locmele - Slaughter and May; Harry Bacon - Slaughter and May; Matthew Farrington - Slaughter and May; Paul Dickson - Slaughter and May; Homyar Pahlan - Slaughter and May; Dominic Robertson - Slaughter and May; Will Normand - Travers Smith; Stuart MacKenzie - Travers Smith;

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