LG and Sullivan & Cromwell have advised on a E500m (£337m) Alternative Investment Market (AIM) share placing for Dolphin Capital Investors in a deal that marks Goldman Sachs’ first foray as an underwriter on the exchange.

The deal is the third instruction LG has secured for Dolphin Capital since it advised on the resort developer’s E100m (£67m) float on AIM in 2005. LG also advised Dolphin Capital on a £202m AIM placing in October 2006.