Gowling WLG advises Draper Esprit on £115m fundraising

2 minute read
29 May 2018

Gowling WLG has advised venture capital company Draper Esprit on its £115m fundraising by way of a placing and subscription of new shares.

The AIM-quoted company is one of the leading venture capital investors involved in the creation, funding and development of disruptive high-growth technology businesses in Europe.

Gowling WLG has advised Draper Esprit since its AIM and ESM admission in June 2016. Since floating two years ago, Draper Esprit has funded 25 new businesses and grown its portfolio valuation by more than 200 per cent.

Kris Rogers, a partner in Gowling WLG's corporate team, led and advised on the fundraising with support from senior associate Emily Troubridge.

"We are very pleased to have been able to advise Draper Esprit on their oversubscribed fundraising," said Kris.

"Draper Esprit has a proven track record of supporting the development of tech businesses and the fundraise will further strengthen the company's investment in innovative companies across Europe."

Gowling WLG is recognised for its leading position in the AIM market and investment funds. The firm acts for AIM companies and advises issuers, investment management houses and the investment banks and brokers that advise them. It brings together experts in tax, corporate, finance, regulatory and dispute resolution to provide a full legal service to its clients.

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