Slaughter and May advised HomeServe plc on its placing of shares

Slaughter and May advised HomeServe plc on a placing of approximately 4.9% of its existing ordinary share capital which raised gross proceeds of approximately £125 million. The placing, which was announced on 19 October 2017, was conducted by an accelerated bookbuilding process. J.P. Morgan Cazenove and UBS Limited acted as joint bookrunners, joint sponsors and joint corporate brokers in connection with the placing. The proceeds will be used to fund HomeServe’s acquisition of certain trade and assets of the home assistance cover business of Dominion Products and Services, Inc., also announced on 19 October 2017.
Slaughter and May worked as a team with Cravath, Swaine & Moore LLP, who advised HomeServe on the US law aspects of the placing.

Cravath, Swaine & Moore LLP: George Stephanakis,Dominic Nelson