Allen & Overy (A&O) has picked up an instruction for the underwriters on a fresh placing and open offer for newly-listed Cairn Homes.
The instruction sees the magic circle firm pick up a role for underwriters Merrill Lynch International, J&E Davy and Goodbody.
Ashurst was previously advising the banks on the Irish homebuilder’s IPO, with Ashurst equity capital markets head Nicholas Holmes and US securities partner Jennifer Schneck acting for underwriters Credit Suisse and Goodbody.
For the latest piece of work the banking lineup was altered to include Merrill Lynch and J&E Davy as well as Goodbody. Magic circle partners James Roe and Adam Wells as well as US-qualified counsel Cameron Half won the tendering process for the firm.
Last month, Irish homebuilder Cairn Homes announced the proposed firm placing, placing and open offer of new ordinary shares to raise gross proceeds of approximately €175m.
It followed the company’s intention to float last June, with Pinsent Masons, A&L Goodbody and Proskauer Rose advising the company on English, Irish and US law respectively.