London—Dentons has advised on the largest AIM float of the year, acting for international pallet manufacturer RM2 International S.A. (RM2) on its £278 million AIM IPO. The deal was announced on Wednesday 18 December with RM2 raising £137million before expenses through an institutional placing. Admission to trading on the London Stock Exchange is expected on 6 January 2014.

RM2 is a fast-growing business which manufactures pallets for use by some of the world's largest companies. It has designed and manufactured the BLOCKPal, a multi-trip pallet made of a glass fibre and resin composite. Its high profile board includes chairman Ian Molson, former chair of the eponymous Canadian brewer, Sir Stuart Rose, former chief executive of Marks & Spencer and Paul Walsh, former chief executive of drinks giant Diageo.

John Walsh, CEO of RM2, commented: "This was a very important deal for RM2 and Dentons really delivered a great service for us."

Neil Nicholson, Partner in Dentons' corporate practice, said: "This IPO represents a significant development for RM2, one that will help position RM2 as a leader in the global pallet market."

The Dentons team was led by Neil Nicholson and included associate Tom Causer.

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