IPOs

Liberum Capital – Tortilla

Advised Liberum in its role as nominated adviser and sole broker to Tortilla Mexican Grill plc on its £70 million IPO on the AIM market of London Stock Exchange. 

Singer Capital Markets – Made Tech Group

Advised Singer Capital Markets as nomad and joint broker, and Berenberg as joint broker, on the £180 million initial public offering of Made Tech Group plc, on the AIM market of the London Stock Exchange.

Singer Capital Markets – Microlise

Advised Singer Capital Markets in its role as nominated advisor, sole broker and bookrunner to Microlise on Microlise’s IPO on the AIM market of the London Stock Exchange.

Home REIT plc

Acted for Home REIT plc on its £240.5 million IPO on the London Stock Exchange, the biggest fund IPO of 2020. Home REIT is a listed investment company that seeks to tackle homelessness in the UK by investing in high-quality homeless accommodation assets, which are then leased to providers of homeless accommodation such as local authorities and charities at affordable rents. This allows the company to provide returns to its shareholders whilst at the same time delivering a genuine social impact.

Schroder Investment Management Limited and Big Society Capital

Advised UK asset manager Schroders, and its joint venture partner, Big Society Capital (BSC), on the launch of Schroder BSC Social Impact Trust plc, the UK's first social impact investment trust.

Numis Securities – Argentex Group

Advised Numis in its role as nominated adviser and broker on the AIM IPO of Argentex Group plc and related £46 million placing of new and existing shares.

Hotel Chocolat Group plc

Advised Hotel Chocolat on the £167 million AIM IPO of this British chocolatier and cocoa grower. 

Jupiter Emerging & Frontier Income Trust PLC

Advised Jupiter on the launch of its first new investment trust for over 10 years: Jupiter Emerging & Frontier Income Trust PLC, raising £90 million. It predominantly invests in companies exposed directly or indirectly to global emerging and frontier markets.

Schroder Investment Management Limited

Advised UK asset manager Schroders on the launch of its new £75 million investment trust, Schroders British Opportunities.

easyHotel plc

Advised on the £30 million placing and admission to AIM for a developer and operator of ‘super budget’ branded hotels and on its subsequent £50 million secondary placing.

Cenkos Securities plc – Round Hill Royalty Fund

Acted for Cenkos Securities plc on its successful IPO of a new music royalty fund, Round Hill Royalty Fund Limited.

Acacia Pharma Group plc

Advised on the €40 million Initial Global Offering and admission to trading on the regulated market of Euronext Brussels, market capitalisation on admission was €190 million.

Woodford Investment Management LLP

Acted for Woodford Investment Management LLP on the largest ever investment trust IPO, Woodford Patient Capital Trust plc, raising £800 million on launch.

Manolete Partners Plc

Advised Manolete Partners Plc on its £76 million IPO and admission to AIM. The company raised £16 million by way of a subscription for new shares and certain shareholders realised £13 million by way of a sale of existing shares.

P2P Global Investments PLC

Advised on the launch of the UK’s first listed fund dedicated to investing in peer-to-peer loans and related credit assets. The IPO, which was oversubscribed, raised £200 million. We advised the Trust in respect of their two subsequent C share issues raising a further £600 million in total.

Schroder European Real Estate Investment Trust plc

Advised Schroder European Real Estate Investment Trust plc regarding its successful initial public offering on the main market of the London Stock Exchange and the main board of the Johannesburg Stock Exchange.

Vietnam Enterprise Investments Limited

Advised Vietnam Enterprise Investments Limited on its admission to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange. VEIL’s shares were previously traded on the Irish Stock Exchange.

CC Japan Income & Growth Trust plc

Advised on the launch of CC Japan Income & Growth Trust plc, a UK listed investment trust that invests in listed Japanese equities and to which Coupland Cardiff Asset Management LLP acts as investment manager.

Miton UK MicroCap Trust plc

Advised longstanding client, Miton Group plc, on the launch of this new fund focussed on the smallest quoted and traded companies.

Mobius Investment Trust plc

Acted for Mobius Capital Partners LLP, a newly formed investment management business, on the IPO of their first investment trust, focussed on investment in emerging and frontier markets. The Trust seeks to unlock value in investee companies by acting as a catalyst for ESG improvements.

Grit Real Estate Investment Group Limited

Acted on the London IPO of Grit, a pan-African real estate investment company. Grit was already listed in Mauritius and South Africa. In connection with its admission to the Official List in London, Grit raised US$132 million through simultaneous placings in the UK, South Africa and Mauritius and a public offer in the UK.

Macquarie Capital - TruFin Plc 

Advised Macquarie Capital (Europe) Limited, as Nominated Adviser and Broker, on TruFin Plc’s £185 million IPO and admission to AIM.

Augmentum Fintech plc

Advised venture capital firm Augmentum Capital on the successful IPO of its first listed investment fund, raising £94 million on IPO. The company will invest in early stage financial technology companies in the UK and wider Europe, giving investors access to fast growing start-ups offering disruptive technologies in the banking, insurance and asset management sectors. 

Focusrite plc

Advised Focusrite on the £73 million AIM IPO with Panmure Gordon of this music and audio products group. 

Ashoka India Equity Investment Trust plc

We acted on the IPO of this new investment trust established to invest in listed Indian securities.

Gresham House Energy Storage Fund PLC 

Acted for the investment bank on the October 2018 launch of Gresham House Energy Storage Fund PLC, a London-listed fund investing in utility-scale energy storage systems located in Great Britain, as well as on subsequent placings.

Gore Street Energy Storage Fund plc  

Acted on the 2018 IPO of Gore Street Energy Storage Fund plc, London's first listed energy storage fund. Since IPO, we have acted for Gore Street on a number of subsequent public offers and placings which have seen the fund almost treble in size. We also acted for Gore Street in connection with a significant investment in the fund by Ireland’s sovereign development fund. 

VR Education Holdings plc

Advised VR Education Holdings plc, a virtual reality technology company, on its £19 million admission to AIM and to ESM of the Irish Stock Exchange.

Macquarie Capital – DF Capital

Advised Macquarie Capital on the AIM IPO of Distribution Finance Capital Holdings plc and simultaneous £20 million vendor placing.  DF Capital had a market capitalisation of £95 million at admission.  The IPO was the result of a demerger from TruFin PLC.

Cenkos Securities – Hipgnosis Songs Fund

Acted for Cenkos Securities in its role as sponsor, financial adviser and placing agent on the launch of a new music royalties fund, Hipgnosis Songs Fund.

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