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Paul Tetlow

Partner
+44.(0)20.7360.8101
Fax +44.(0)20.7648.9001
Paul Tetlow is a partner in the London office of K&L Gates. His practice includes a diverse range of corporate areas, such as company flotations on the Official List and AIM, public company takeovers, mergers and acquisitions, joint ventures, private equity, family office investments and venture capital investments. His clients include mining and oil and gas companies, financial services corporations, funds, consultancy and services businesses, technology-related venture companies and sports rights businesses. Most recently he has been involved with family office investments and joint ventures, placings and admissions on AIM, pre-IPO placings and proposed flotations for oil and gas and mining companies, joint ventures for oil and gas companies, as well as venture capital investments in relation to renewable energy projects.

Professional Background

Immediately prior to joining the firm, Mr. Tetlow was partner in the London office at another large international firm.

Achievements

Mr. Tetlow is recognised by Chambers & Partners UK and Legal 500 UK; he is ranked in band 2 for Capital Markets: AIM and commentary includes, “Paul Tetlow acts on behalf of a range of NOMADs, AIM-listed companies and sponsors on placings and fund-raisings, often advising on deals connected to the energy industry. One impressed client calls him a "go-to person for ECM transactions in the oil and gas sector." Chambers & Partners Capital Markets: AIM 2017.

Mr. Tetlow is also ranked in band 4 for Corporate/M&A: Mid-Market and commentary includes, “Paul Tetlow has a broad sector coverage and often handles deals in the energy and technology industries. "He has a real 'can-do' attitude and understanding of what does and what doesn’t need to be done and drawn to our attention," says a client. Chambers & Partners Corporate/M&A: Mid-Market 2016.

Professional/Civic Activities

  • London Energy Group

Speaking Engagements

  • Speaker, Boardroom Risk Seminar in partnership with The Quoted Companies Alliance (QCA), November 2014
  • Speaker, K&L Gates Real Estate Breakfast Seminar - Global Real Estate Trends and Opportunities for 2014, September 2014
  • Speaker, Asian Alternative Investments Network seminar - Raising Capital on the UK market - IPOs, Small Cap Stocks and International Perspective, June 2014
  • Speaker, Benchmark Pricing in the Metals Sector: the future after the LIBOR and Petroleum-Pricing Investigations, October 2013
  • Moderator, Unconventional Resource Development Outside of North America, June 2013
  • Speaker, K&L Gates Oil & Gas Conference – Shale Gas 2012 (in cooperation with the Warsaw Stock Exchange), November 2012
  • Speaker, K&L Gates First Annual Poland Oil & Gas Seminar, November 2011
  • Speaker, European Unconventional Gas Summit, September 2011
  • Speaker, AIM Market and SPAC's - vehicles for emerging markets investment, April 2006
  • Speaker, Using the Capital Markets for Biofuels Companies, Biofuels Conference, February 2006
  • Speaker, Financial Promotions and the Prospectus Regulations, Corporate Finance for Commercial Lawyers Conference, 2005
  • Speaker, The Use of Venture Capital, Restructuring and Developing Businesses Conference, 2005
  • Speaker, Legal Aspects of Flotation, AIM Conference, 2004
  • Speaker, The Issue of Shares, Share Capital Conference, 2004
  • Speaker, Preparing the Company, Venture Capital Conference, 2004

Additional Information

Publications
  • Co-author, Capital Raising with Cash in the Box, Westlaw Business Currents, December 2, 2010
  • Co-author, Fast Track to Success, Westlaw Business Currents, November 11, 2010
  • Co-author, Leaner but Stronger - a critique on AIM's performance this year, AIM Zine, Summer 2010
  • Author, Paths to glory, M&A Magazine, July 27, 2010
  • Co-author, Projects and energy: Rock solid returns, legalweek.com, October 16, 2008
Recent Capital Markets Transactions
  • Nektan plc on a placing, conversion of debt and conversion of convertible loan notes to equity
  • Faroe Petroleum plc on a hostile takeover made by DNO ASA
  • Action Hotels Plc on a takeover by scheme of arrangement
  • Stifel Nicolaus Europe Limited on the re-domiciliation of Wentworth Resources from Canada to Jersey and the de-listing of Wentworth form the Oslo Børs
  • finnCap and Cenkos Securities plc on a fundraising for Chariot Oil and Gas
  • Stifel on a fundraising for Pantheon Resources Plc
  • Quantum Global on its investment in Toro Gold Limited
  • Nektan plc on its secondary fundraise, including subscription and open offer to existing shareholders
  • Faroe Petroleum on a placing and underwritten open offer to fund the Company's acquisition of Dong ExP Norge AS
  • Action Hotels Limited on various corporate activities
  • Nektan plc on a further convertible loan note and equity funding
  • Stifel and FirstEnergy Corp. on a fundraising for Wentworth Resources
  • Cenkos Securities plc on the IPO of Verseon Corporation raising $100m
  • Nektan plc on further fundraisings by convertible loan note and equity
  • Panmure Gordon (UK) Limited on the IPO of Orchard Funding
Recent Mergers & Acquisitions Transactions
  • Kaman Corporation on the sale of its UK tooling business
  • Faroe Petroleum plc on a hostile takeover made by DNO ASA
  • Action Hotels Plc on a takeover by scheme of arrangement
  • Sedat Kahya et al on the sale of the entire issued share capital of Supremia International Limited
  • easyProperty on merger with GPEA, Takeover Code Whitewash and institutional fundraising
  • The History Press Limited on sale of certain business assets to Pavilion Books, as well as advising exiting shareholders on a management buyout for the remainder of the business 
  • Advising the vendors on the sale of ICG Global Limited to other existing shareholder
  • Project Tristar Limited on the sale of chauffeur business to Addison Lee
  • Hitachi Consulting on the proposed sale of Celerant Consulting
  • Representing the German government on a tripartite deal with the Dutch and UK governments on an energy project
  • Capita plc on the acquisition of Western Mortgage Services Limited
  • Berlanga International on the acquisition of Thai oil interests from Carnarvon Petroleum Ltd for $58m 
Recent Energy, Oil & Gas Transactions
  • Faroe Petroleum plc on a hostile takeover made by DNO ASA
  • Stifel Nicolaus Europe Limited on the re-domiciliation of Wentworth Resources from Canada to Jersey and the de-listing of Wentworth form the Oslo Børs
  • finnCap and Cenkos Securities plc on a fundraising for Chariot Oil and Gas
  • Faroe Petroleum on a placing and underwritten open offer to fund the Company's acquisition of Dong ExP Norge AS
  • Representing the German government on a tripartite deal with the Dutch and UK governments on an energy project
  • Faroe Petroleum on a cash box placing to raise £65m from institutional investors
  • Berlanga International on the acquisition of Thai oil interests from Carnarvon Petroleum Ltd for $58m
Recent Mining Transactions
  • Quantum Global on its investment in Toro Gold Limited
  • Bellzone Mining on an equity fundraise
  • Central Rand Gold on its Open Offer
  • Central Rand Gold on the issue of loan notes and warrants to Redstone Capital to raise $7.5m and move from the Official List to AIM
  • Central Rand Gold on a share capital reorganisation
Recent Private Equity Transactions
  • Quantum Global on its investment in Toro Gold Limited
  • Movell - The Bus Company Limited on £8.3 million investment from the Business Growth Fund Plc
  • Eprop Plc on a further equity investment by Tosca Funds
  • Eprop Limited on two rounds of equity funding, including a private placement and use of a crowdfunding platform.
  • Ellestone Investments on a debt and equity restructuring of Monitane Holdings and the Fielding Group
Other Capital Markets Transactions
  • Representing the German government on a tripartite deal with the Dutch and UK governments on an energy project
  • Action Hotels plc on an option arrangement
  • Bellzone Mining on an equity fundraise
  • Evofem Holdings, Inc. on their proposed IPO
  • Faroe Petroleum on a cash box placing to raise £65m from institutional investors 
  • Nektan Holdings Limited on its admission to AIM
  • Panmure Gordon and Cenkos Securities on a £100m placing and a €60m acquisition by Regenersis Plc
  • MEA on a proposed IPO of oil and gas interests
  • Finncap on a $15million placing for Chariot Oil & Gas Limited 
  • Nektan Holdings Limited on its underwritten pre-emptive offer raising up to £4m
  • Panmure Gordon, FirstEnergy, Investec and Swedbank on Wentworth Resources private placement and prospectus and repair offering in Norway, raising up to $46m
  • Central Rand Gold on its Open Offer
  • McNair Group on its cornerstone investment in the Riverstone Energy fund
  • Central Rand Gold on the issue of loan notes and warrants to Redstone Capital to raise $7.5m and move from the Official List to AIM
  • Central Rand Gold on a share capital reorganisation
  • Cluff Natural Resources on its placing and Admission to AIM
  • Faroe Petroleum plc, on Norwegian asset swap with Petoro and related capital markets issues in the UK
  • Panmure Gordon and FirstEnergy Capital LLP on the dual listing of Wentworth Resources Limited.
  • Singer Capital Markets on the IPO on AIM and placing (£5 million) by African Mining & Exploration
  • Faroe Petroleum on a "cash-box" placing to raise £62.2 million
  • Emerald Energy takeover by Sinopec, advising Rule 3 adviser
  • Medusa Mining on its move from AIM to the Official List
  • A tyre and plastic recycling company on its proposed IPO on AIM
  • Faroe Petroleum on its rights issue to raise £69.8 million
  • Finncap on various proposed IPO's
  • Central Rand Gold (Official List) on its cash-box placing
  • Oriel Securities on a placing for Novera
  • Central Rand Gold on its Firm Placing and Placing and Open Offer
  • Strand Hanson Limited on the takeover of Vero
  • Strand Partners/Daniel Stewart on the restructuring and placing of securities of AIM of imJack plc
  • Hallwood Financial Limited on the contested takeover of The Local Radio Company
  • Strand Partners on IPO of Timan
  • KP Renewables on reverse takeover by scheme of arrangement of Island Gas Limited
  • Strand Partners Limited - advising the nominated advisor on the acquisition by Platinum Diversified Mining Limited (a company admitted to AIM) of International Consolidated Minerals Inc.
  • Faroe Petroleum plc on a placing to raise £45 million
  • Strand Partners and Keith, Bayley, Rogers & Co on the placing (£3.775 million) and admission to AIM of Bluewater Bio International
  • Range Resources Limited, an AIM company, on a placing to raise £4 million
  • KBC Peel Hunt on a placing (£1.5 million) by The Food and Drink Group plc
  • An AIM company on potential defensive takeover tactics
  • Teather and Greenwood on a placing by Rockhopper Exploration plc, an AIM-listed company
  • KBC Peel Hunt on a placing by The Food and Drink Group plc, an AIM-listed company
  • Range Resources Limited, an ASX-listed company, on its fast-track admission to AIM
  • A biodiesel company in relation to a proposed placing and admission to AIM
  • Keith, Bayley, Rogers & Co. on the placing and admission to OFEX of Alvaston Media plc
  • Keith, Bayley, Rogers & Co. on the placing and admission to OFEX of Hilton Ventures plc
  • KBC Peel Hunt and Casimir Capital L.P., in relation to the placing ($100 million) and admission to AIM of Platinum Diversified Mining, Inc., a "special purpose acquisition company" ("SPAC") and the subsequent first acquisition by Platinum
  • Collins Stewart, in relation to the fast-track admission to AIM of Cape Lambert Iron Ore Limited
  • Strand Partners, in relation to a placing and reverse takeover by Northern Lynx
  • Central Rand Gold Limited on its placing and admission to a primary listing on the Office List and to trading on the London Stock Exchange and a secondary listing on the JSE Limited
  • KBC Peel Hunt Ltd and Casimir Capital Inc on the AIM Placing and Admission of Platinum Diversified Mining Inc (a mining SPAC) ($100m)
  • Medusa Mining Limited (an ASX listed company) on its "fast track" admission to AIM
  • Strand Partners Limited and Teather & Greenwood Limited on the reverse takeover by AIM listed Nanoscience Inc of Toumaz Technology Limited and related placing (£30m)
  • Strand Partners Limited on the reverse takeover of AIM listed Gable Holdings Inc by Brown Duke AG and related placing
  • Teather & Greenwood Limited on secondary placings for AIM listed Angus and Ross Plc, Brazilian Diamonds Limited and Hidefield Gold Plc
  • Cenkos Securities Limited and Strand Partners Limited on the AIM admission of ReEnergy Group Plc and associated placing (£28m)
  • Collins Stewart Limited on the AIM admission of Cape Lambert Iron Ore Limited
  • KBC Peel Hunt Ltd on a proposed reverse takeover by Emess Plc and an underwritten placing
  • Strand Partners Limited on the reverse takeover by Damask Plc of Urban Logic (Holdings) Limited and Northern Lynx (UK) Limited
  • Faroe Petroleum on its initial placing (£15m) and admission to AIM, and secondary placing on AIM of new and existing shares (£20m)
  • Williams de Broe on the reverse take-over of Petra Diamonds Limited by Crown Diamonds NL (£120m) and subsequent placing on AIM (£18m)
  • KBC Peel Hunt in relation to secondary placings on AIM for Gladstone Plc (£1.5m), RingProp plc (£6m) and a vendor placing and related acquisition for iomart Group plc (£6.25m)
  • KBC Peel Hunt on a placing and open offer for CHE Group plc (£5.6m) and a subsequent secondary placing
  • Williams de Broe on pre IPO placings for Artumas Group and Colombia Gold AG
  • Teather & Greenwood on the proposed flotation of Infinite Data Storage Group plc
  • Strand Partners Limited on proposed flotation of an oil and gas company
Other Mergers & Acquisitions Transactions
  • Hitachi Consulting Corporation on the acquisition of the IM Group
  • Hitachi Consulting Corporation on a proposed acquisition by way of auction process in Germany
  • Ellestone Investments on its purchase of a controlling stake in Monitane Holdings, the parent company of the Fielding Group which manufactures and distributes branded and own label clothing for major retailers
  • Hitachi Consulting Corporation on various post completion issues re: Celerant Consulting Investments
  • London Special Risks on its group re-organisation and buyout of its joint venture partner
  • Hitachi Consulting Corporation on the acquisition of Celerant Consulting Investments
  • Sale of a UK JV for a major US car parts manufacturer
  • Japanese steel industry participants - advising various companies within the Japanese steel industry on BHP Billiton's US$147 billion bid for Rio Tinto
  • Gazprom Marketing & Trading Limited, in relation to its acquisition of all of the issued shares in Natural Gas Shipping Services Limited not already owned by it
  • A shareholder on the sale of First City Insurance Group Limited to Gallaghers
  • A shareholder in a property development company on the acquisition of the shares not already owned by him and a group reorganisation
  • Faroe Petroleum on aborted company acquisition
  • Hallwood Financial Limited on the contested takeover of The Local Radio Company
  • WNS (Holdings) Limited on the acquisition of Business Applications Associates Limited, a SAP solutions provider, for business process outsourcing specialist
  • The vendors of Hanrahan Thomas Limited, a Lloyd's broker, in relation to its sale to Ostrakon Capital Limited
  • Sale of Axcelia Limited to AIM listed Centrom Group Plc
  • The vendors of Khaos Technologies Limited on its sale to EDM Group Limited
  • The vendor of SkyNet Systems Limited on its sale to BT
Other Energy, Oil & Gas Transactions
  • MEA on a proposed IPO of oil and gas interests
  • Wisent Oil & Gas on corporate and insolvency matters
  • Welborn on its JV with MCRS and fundraising for oil and gas licences in Kansas
  • Iceland Petroleum on a joint venture and fundraising
  • Panmure Gordon, FirstEnergy, Investec and Swedbank on Wentworth Resources private placement and prospectus and repair offering in Norway, raising up to $46m
  • Global Oil Shale on its private funding round
  • Hallwood Financial on its follow on $4m investment in BlueCrest Energy
  • McNair Group on its cornerstone investment in the Riverstone Energy fund
  • Wisent Oil & Gas on its farm-in arrangements in Poland and general corporate issues
  • Hawkley Oil & Gas on various joint venture and M&A opportunities
  • Hallwood Financial on its $5.5m private placement investment in BlueCrest Energy
  • Cluff Natural Resources on its placing and Admission to AIM
  • BlueCrest Energy on its acquisition of assets in the Cooke Inlet, Alaska from Pioneer, its joint venture with Hallwood and its private equity fundraise of $25 million from OneStone
  • Wisent Oil & Gas on its private placing to raise £7.25m. The transaction involved further subscriptions and amendments to the shareholders agreement, a warrant issue and a whitewash from the Takeover Panel  
  • Silurian Hallwood plc, a joint venture vehicle established between Hallwood, Petrolinvest, Tabbachi and others by raising pre-IPO funding of £13m
  • Andaman Energy on its acquisition of license interests in Myanmar from Korean interested parties
  • Gazprom Marketing & Trading Limited on corporate governance issues
  • Goldsmith Capital L.P. on its proposed acquisition of Petroplus assets
  • Faroe Petroleum plc, on Norwegian asset swap with Petoro and related capital markets issues in the UK
  • Panmure Gordon and FirstEnergy Capital LLP on the dual listing of Wentworth Resources Limited.
  • Faroe Petroleum on a "cash-box" placing to raise £62.2 million
  • Emerald Energy takeover by Sinopec, advising Rule 3 adviser
  • Faroe Petroleum on its rights issue to raise £69.8 million
  • Faroe Petroleum on aborted company acquisition
  • Faroe Petroleum plc on a placing to raise £45 million
  • Teather and Greenwood on a placing by Rockhopper Exploration plc, an AIM-listed company
  • Cenkos Securities Limited and Strand Partners Limited on the AIM admission of ReEnergy Group Plc and associated placing (£28m)
  • Faroe Petroleum on its initial placing (£15m) and admission to AIM, and secondary placing on AIM of new and existing shares (£20m)
  • Equest Partners Limited on a pre IPO Placing for Timan Oil & Gas
  • Strand Partners Limited on proposed flotation of an oil and gas company
Other Mining Transactions
  • Singer Capital Markets on the IPO on AIM and placing (£5 million) by African Mining & Exploration
  • Medusa Mining on its move from AIM to the Official List
  • Central Rand Gold (Official List) on its cash-box placing
  • Central Rand Gold on its Firm Placing and Placing and Open Offer
  • Strand Partners Limited - advising the nominated advisor on the acquisition by Platinum Diversified Mining Limited (a company admitted to AIM) of International Consolidated Minerals Inc.
  • Range Resources Limited, an AIM company, on a placing to raise £4 million
  • Range Resources Limited, an ASX-listed company, on its fast-track admission to AIM
  • KBC Peel Hunt and Casimir Capital L.P., in relation to the placing ($100 million) and admission to AIM of Platinum Diversified Mining, Inc., a "special purpose acquisition company" ("SPAC") and the subsequent first acquisition by Platinum
  • Collins Stewart, in relation to the fast-track admission to AIM of Cape Lambert Iron Ore Limited
  • Central Rand Gold Limited on its placing and admission to a primary listing on the Office List and to trading on the London Stock Exchange and a secondary listing on the JSE Limited
  • KBC Peel Hunt Ltd and Casimir Capital Inc on the AIM Placing and Admission of Platinum Diversified Mining Inc (a mining SPAC) ($100m)
  • Medusa Mining Limited (an ASX listed company) on its "fast track" admission to AIM
  • Teather & Greenwood Limited on secondary placings for AIM listed Angus and Ross Plc, Brazilian Diamonds Limited and Hidefield Gold Plc
  • Collins Stewart Limited on the AIM admission of Cape Lambert Iron Ore Limited
  • Williams de Broe on the reverse take-over of Petra Diamonds Limited by Crown Diamonds NL (£120m) and subsequent placing on AIM (£18m)
Other Private Equity Transactions
  • LSR on a debt and equity restructuring of the Edge Group
  • Winston Resources on its set up and initial investment round
  • Hallwood Financial on its follow on $4m investment in BlueCrest Energy
  • Hallwood Financial on its $5.5m private placement investment in BlueCrest Energy
  • Nektan Holdings Limited on its £5.25m pre-IPO placement and acquisition of Mfuse
  • BlueCrest Energy on its acquisition of assets in the Cooke Inlet, Alaska from Pioneer, its joint venture with Hallwood and its private equity fundraise of $25 million from OneStone
  • Wisent Oil & Gas on its private placing to raise £7.25m. The transaction involved further subscriptions and amendments to the shareholders agreement, a warrant issue and a whitewash from the Takeover Panel  
  • PGE Polska Grupa on a proposed wind farm JV with RWE
  • Silurian Hallwood plc, a joint venture vehicle established between Hallwood, Petrolinvest, Tabbachi and others by raising pre-IPO funding of £13m
  • Hot-Can plc on its pre-IPO placing to raise $12 million. 
  • Travellers Cheque Associates Limited on the interpretation of its shareholders' agreement
  • ITI Energy on private equity investment
  • European Group Reorganisation of Electrometalurgica Andina
  • Protecting the rights of an inventor of solar collector technology in a shareholder dispute
  • Acting for a client engaged in gasification and pyrolisis and provision of CHP technology in relation to inward investment
  • Acting for a company selling small-scale wind turbines, micro-hydro and solar photovoltaic in relation to inward investment
  • Various venture capital and private equity investments in respect of Segen Limited, Iskra Wind Turbines Limited, Hydrogeneration Limited and Day 4 Energy Inc, all companies in the renewable energy sector
  • Equest Partners Limited on a pre IPO Placing for Timan Oil & Gas