London—Dentons has advised RA International Group PLC, the construction services provider, on its successful initial public offering (IPO) and admission to London's AIM Market. The company was admitted to AIM today with a market capitalisation of £97.2 million, and the offering raised gross proceeds of £18.8 million.

Headquartered in Dubai, RA International is a leading provider of construction, integrated facilities management, operation and maintenance, accommodation, and supply chain services to remote locations in Africa and the Middle East. The group provides comprehensive, flexible, mission-critical support to its clients, which include UN agencies, UK and US government agencies, and global corporations, enabling them to focus on the delivery of their respective businesses and services.

Soraya Narfeldt, CEO of RA International, said, "Becoming a public company will provide an appropriate structure for the long-term development of the business and enable us to strengthen our team in order to deliver our services on a much larger scale and in new territories. Dentons has been instrumental in helping us achieve this IPO. With their expertise and knowledge of AIM IPOs and fundraisings, we had every confidence that we were in good hands."

Dentons' Corporate partner Neil Nicholson led on the IPO and said, "We are very pleased to have assisted RA International with this successful listing. Going public will position the company for the next phase of its development and enable it to capitalise on some exciting opportunities within its sector.

"Mid-market IPOs and fundraisings are a sweet spot for Dentons, and this deal adds to our enviable track record in this area."

Dentons' recent AIM experience includes advising on the £200 million AIM IPO of QUIZ plc in 2017, which was one of the year's most significant AIM IPOs, and acting for Hurricane Energy plc on its US$520 million fundraising – one of the largest fundraisings on AIM last year.

In addition to Neil Nicholson, the Dentons team advising RA International on its IPO included Corporate associates Rachael Dixon, Verity Kent and Joe Collingwood in London, as well as Corporate partner Iain Black, senior associate Patrick Tweedale.

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