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Reed Smith said in an announcement on its website on 23 October 2026 that it had advised Colefax Group plc on a £5 million share buyback tender offer.
According to the firm, Peel Hunt carried out the £5 million deal by buying the tendered shares in its own name as principal, using a put option arrangement. This structure meant the shares could then pass to Colefax Group plc, which cancelled them.
Key points
- Reed Smith advised Colefax Group plc on a £5 million share buyback tender offer, the firm said.
- Peel Hunt bought the tendered shares as principal under a put option arrangement, according to the announcement.
- The arrangement allowed the shares to be passed on to Colefax Group plc and cancelled.
- Colefax Group plc, which designs luxury fabrics and wallpapers, is described by Reed Smith as a long-standing client.
- Delphine Currie acts as the client relationship lawyer for Colefax Group plc at Reed Smith.
The transaction
Reed Smith said the mandate underlines its ongoing relationship with Colefax Group plc and its track record advising long-standing clients on equity capital markets work.
The team
The matter was led for Reed Smith by Samantha Myers, an equity capital markets partner, and Kat McGriskin, a senior associate, with support from Vivian Chan, an associate at the firm. Delphine Currie remains the client relationship lawyer for Colefax Group plc at Reed Smith.