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Her Majesty Queen Elizabeth II 1926 - 2022

Portrait of Adam Carling
Areas of expertise: Corporate, Equity capital markets


Adam is a partner in the corporate team in London. Adam advises on transactions on the equity capital markets as well as public and private M&A. His main sectors of focus are energy and technology.

His clients include some of the leading mid-market investment banks in London, he also acts for listed and private companies. The deals he works on often have a cross-border element. He has extensive experience of pan-European M&A and regularly advises North American clients on acquisitions and financings. In the last three years, he has advised German investment bank Berenberg and Grant Thornton, as NOMAD and broker, on two of the largest AIM IPOs.

He has advised on a number of public M&A transactions, including takeover offers, schemes of arrangement and class 1 disposals, and he often gives advice to listed companies on the contents of their controlling shareholder agreements.

Described in Chambers UK, where he is ranked as a leading individual, as a “very experienced, solutions-orientated lawyer with strong, deal-making skills”, Adam particularly enjoys working for founders and growth companies on financings, exit transactions and on their broader governance and shareholder arrangements. He is a regular speaker on corporate finance topics.

Adam joined Penningtons Manches Cooper in 2022 from another leading UK firm.

Recent work highlights

  • Advising Sirius Real Estate Limited, an owner of business and industrial parks in Germany and the UK which is listed on the London Stock Exchange’s Main Market and a member of the FTSE-250 index, in connection with a placing to raise gross proceeds of approximately £146 million.
  • Acting for Rotala Plc, represented by its independent directors, in connection with a take-private offer by Rotala Group Limited, a newly incorporated vehicle set up by certain senior managers and their connected persons for the purpose of the offer.
  • Advising ME Group International plc in connection with a share buyback programme and a waiver from independent shareholders under Rule 9 of the Takeover Code. ME Group International is listed on the Main Market of the London Stock Exchange and is a member of the FTSE-250 index.
  • Assisting leading wellness and beauty platform provider FaceGym with an issuance of convertible loans to new and existing investors.
  • Advising German investment bank Berenberg and Grant Thornton on the placing and AIM admission of Supreme plc, a licensed manufacturer of consumer goods. The placing raised £67.5 million for the company and its selling shareholders, with a market capitalisation of £156 million on admission.

Penningtons Manches Cooper LLP

Penningtons Manches Cooper LLP is a limited liability partnership registered in England and Wales with registered number OC311575 and is authorised and regulated by the Solicitors Regulation Authority under number 419867.

Penningtons Manches Cooper LLP