Photo of Tom Thorne

Tom Thorne

Corporate Partner, London

"I am a corporate partner who specialises in equity capital markets and listing rules driven transactions of all types, in particular IPOs and secondary capital raisings."

Overview

Professional experience

Education and qualifications

Overview

Tom is a corporate partner based in London who specialises in equity capital markets and listing rules driven transactions. He regularly advises on IPOs, secondary capital raisings, M&A financings, private placements, redomiciles and demergers. His clients include corporates, investment banks, investment funds and other stakeholders.

Tom also provides general corporate advice to a number of listed clients.

Tom spent two years in the equity capital markets execution team at Morgan Stanley between 2013 and 2015 where he gained significant commercial experience and was a member of the underwriting committee. He has also spent time in the firm’s Hong Kong and Moscow offices and on secondment to Credit Suisse.

Work highlights

Tom has advised on many substantial corporate and capital markets transactions including:

  • IPOs and listings of Helios Towers, Trainline, Huatai Securities, Funding Circle, Steinhoff Africa Retail, Clydesdale and Yorkshire Bank, Card Factory, Sberbank, Vallares, New World Resources, Etalon and Vallar and proposed IPOs of Misys, FxPro, Churchill Retirement and The Priory Group
  • BGL Group (comparethemarket.com) and its shareholders on the dual track IPO and M&A process which culminated in the sale of a 30% stake to a Canadian pension fund
  • rights issues by Mitie, Aston Martin, Marks & Spencer, The Restaurant Group, D.S. Smith, Kier, Melrose Industries, Aquarius Platinum and HSBC and the proposed capital raising by Intu Properties
  • placings by William Hill, Biffa, The Restaurant Group, Arion Bank, D.S. Smith, BKSYB and Evraz, as well as a number of secondary sell-downs
  • Mitie on its proposed class 1 acquisition of Interserve’s facilities management business
  • Marwyn Investment Management and Wilmcote Holdings on the proposed reverse takeover of an SEC registered chemicals business and accelerated IPO financing
  • sponsors on the class 1 acquisition by Jupiter Asset Management of Merian, the reverse takeover by Flutter Entertainment of STARS Group, the class 1 acquisition by The Restaurant Group of Wagamama, the class 1 acquisitions by D.S. Smith of Interstate Resources and Europac and the reverse takeover by Melrose Industries of Nortek
  • while at Morgan Stanley, international capital markets transactions including the IPOs of Aena and Cellnex (Spain), Rocket Internet and Zalando (Germany) and Alexander Forbes (South Africa) and secondary capital raisings by Telefonica (Spain) and National Bank of Greece

Professional experience

Tom plays an active role in industry discussions on regulatory and practice developments in equity capital markets, including assisting the AFME group (Association for Financial Markets in Europe) with their adoption of new rules and regulations.

Education and qualifications

Tom studied English at Keble College, Oxford University.