The execution of the deal was led by Chris Nicholls who is an executive director in the UK corporate finance team at JP Morgan Cazenove.

Nicholls also led on the initial public offering of Ophir in July 2011 and has led successful equity raises in recent years for numerous UK companies including John Laing Infrastructure, Land Securities and Songbird Estates.

Cambridge University-educated Nicholls has previously worked as an executive director at Lehman Brothers and as an investment banking executive at Deutsche Morgan Grenfell.

He also worked in the audit & business advisory department at accountants Arthur Andersen.

Also on the team is Neil Passmore from the oil and gas team and Ben Davies leading on the ECM team.

In addition, Matthew Coakes at RBS Capital Markets and Ashton Clanfield of Oriel Securities also worked on yesterday’s placing.

The placing was priced at 495p, a premium to Tuesday’s night’s close of 488p, and was seen as a success by the team in a week in which Ophir has made its expansion plans clear.