Clifford Chance has acted on FTSE 100 food services company Compass Group’s £2 billion COVID-related capital raising — the firm’s second landmark capital markets mandate since the beginning of the pandemic.

The firm is advising a syndicate of banks, consisting of Goldman Sachs, Morgan Stanley, Barclays and BofA Securities, on a primary share issuance by Compass Group on what is the largest capital raise by a company listed on the London Stock Exchange in the past 12 months, and also the largest globally since the pandemic began, according to the Clifford Chance announcement.