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«Fairfax, an independent, international investment bank, is pleased to announce that it is acting as Nominated Adviser and Broker to Terra Catalyst Fund, a closed-ended property company, which announces its first day of dealings today. It is the largest IPO on AIM so far this year and Fairfax raised £116.3m in the institutional placing.
Terra is a closed-ended quoted property company, registered in the Cayman Islands. Its strategy is to invest in undervalued listed property companies and funds in Europe with the aim of achieving an absolute return for shareholders through capital growth. Laxey Partners Ltd has been appointed as investment manager. Terra intends to be substantially fully invested within six months of admission.
Stefan Allesch-Taylor, CE of Fairfax commented:
Fairfax is an international, independent investment bank that commenced operations inJanuary 2006. It has offices in London, New York and Dubai. It was founded by Stefan Allesch-Taylor and a leading Investment Companies team. It is a full service investment bank covering equities (sales and research), investment companies (sales and research), market making, corporate finance and M&A advice, corporate broking and preference and convertible share trading. It is broker and adviser to clients in a number of sectors including metals and mining, oil and gas, property, specialty finance, environmental services, technology and leisure. Fairfax is a member of The London Stock Exchange, a Nominated Adviser (NOMAD) and Broker for AIM, and has been approved as a Sponsor by the UK Listing Authority (UKLA). It is also a Listing Sponsor for the Dubai International Financial Exchange.
Fairfax is a United States FINRA authorised broker-dealer» (CS della Società).
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