Orrick Advises on Cerillion’s London IPO

Orrick represented Cerillion plc (LON:CER), provider of convergent customer relationship management and billing services, on its initial public offering on AIM, the market operated by the London Stock Exchange. The transaction was structured as a publicly funded MBO with Cerillion plc (set up by the management team) acquiring Cerillion Technologies Limited (“CTL”) a leading provider of billing, charging and customer relationship management (CRM) software, conditional upon Admission and associated fundraising thereby providing an exit for CTL’s private equity investors. Admission and dealings in the shares commenced on March 18, 2016. The Orrick team was led by Hilary Winter and included Katie Cotton, Katrina Murphy, Ed Denny, Bethan Saunders, David Griffith and Kolvin Stone.