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Liberum is Bookrunner on Volution IPO

23 June 2014 | Advisory Work, IPO

Volution Group (Ticker: FAN LN), best known for market-leading ventilation brands in the UK and Continental Europe such as Vent-Axia, Torin-Sifan and inVENTer, successfully priced its initial public offering June 18th, giving it a £300 million market capitalisation. Liberum was joint bookrunner on the IPO.

Below: Volution's brands

Volution Brands

It is the fifth IPO Liberum has been involved with in the first half of this year and follows CityFibre, Manx Telecom, P2P Global Investments and GAME Digital.

Volution manufactures and supplies ventilation and combustion fans, energy recovery systems, low energy motors and blowers. 

It listed on the Premium segment of the Official List and Main Market of the London Stock Exchange.

The offering was priced at 150 pence a share and raised £100m. 

“We are delighted to have achieved our objective of an IPO and secured the support of investors for the management team and future plans of Volution,” said Ronnie George, Chief Executive Officer of Volution.

“We will continue to focus on our growth strategy, both organically and by acquisition, providing our customers with market leading ventilation products and our investors with long-term value,” he added.

Click here for Volution website >>

The Liberum Team consisted of Neil Patel, Richard Bootle and Thomas Bective (Investment Banking), Charlie Campbell (Research Analyst), Jeremy McKeown (Sales), David Parsons (Equity Capital Markets) and Jenni Herbert and Marcio Remedios (Corporate Access).

Contact: George Parrett at Redleaf Polhill for more information:

+44 (0) 20 7382 4747

liberum@redleafpr.com

Photo-Me names Liberum Corporate Broker

19 June 2014 | Corporate Brokerships

Photo-Me International plc (Ticker: PHTM LN), the world’s leading operator and manufacturer of automated photobooths, has named Liberum as its Joint Corporate Broker.

Founded in 1946 and now listed on the LSE Main Market with a market capitalisation of £500m, Photo-Me has operations in several countries including the UK, Indonesia, Japan, Philippines, Germany and France. 

In addition to its famous photobooths, it operates, sells and services a range of instant service equipment such as digital printing kiosks, business service equipment and coin-operated washing machines.

Go to the Photo-Me website >>

Its client team at Liberum consists of:

Sales: Jeremy Smith
Research: David Brockton
ECM & Investment Banking: David Parsons, Richard Crawley, Jill Li
Corporate Access: Marcio Remedios

Contact: Emma Kane/George Parrett at Redleaf Polhill +44 (0) 20 7382 4747

Email them at liberum@redleafpr.com

 

Latest Extel results the best in Liberum's history

17 June 2014 | Mentions of Liberum

Extel Logo

Liberum Tuesday achieved its best results in its seven-year history in the latest Thomson Reuters Extel Survey results, the annual analyst surveys which rank broker and independent research based on the responses from more than 16,000 fund managers and institutional investors.

Liberum rose to second place in the key category: Leading Pan European brokerage firm - UK Small & Mid Caps. In 2013, Liberum ranked fifth.

Both Liberum’s Support Services and Chemicals research teams maintained number one positions in the survey, headed up by Joe Brent and Adam Collins, respectively. Andrew Whittock’s Oil & Gas team jumped from fifth last year to the number one spot in the 2014 survey.

Its Alternative Investment Funds Sales and Research teams achieved number one positions too, with James Bouverat voted into the top slot in the Specialist Sales category.

Joe Brent

Joe Brent, Liberum's Head of Research

Liberum’s research teams also ranked in the top three in four other sectors, including Capital Goods (3rd), Construction (2nd), Real Estate (3rd) and Transport and Logistics (3rd). 

Joe Brent, Head of Research at Liberum, was also the highest ranked research analyst in the UK Small & Mid Caps category, retaining his position along with Liberum’s Support Services analyst, William Shirley, in second place.

The trading execution team also jumped nine places, up to third. 

“One of Liberum’s ambitions is to change the game in equity analysis and improve on our already excellent research offering," Simon Stilwell, Liberum CEO, said Tuesday. 

Simon Stillwell

Simon Stilwell, Liberum CEO

“Powerful information and analysis is at the heart of what Liberum does," he added. "Today’s survey results prove that Liberum’s research teams understand the need for simple and influential analysis that meets client requirements head on.

“I am proud of Liberum’s performance in the investment community and I am confident that we can improve on these in years to come.”

Notes

Liberum is an independently-owned pan European investment bank. The firm’s core activities are research, sales and trading in large, small & mid cap pan-European equities, as well as investment banking and advisory services including IPOs, secondary issues and mergers and acquisitions. 

  • Liberum’s team of 35 research analysts cover more than 300 European stocks across 16 sectors, representing 80% of the FTSE 100 and 50% of the FTSE 250
  • The firm is broker to 67 listed companies across 15 sectors. In 2014 Liberum has raised £1.2bn for its corporate clients; with syndicates it has raised £12.3bn in the past six years
  • The firm was established in 2007, and employs 160 people in London and New York

Follow or Contact Liberum

Twitter: @LiberumToday

LinkedIn: Liberum 

Katherine Burgdorf, Institutional Account Management
+44 (0)20 3100 2235
katherine.burgdorf@liberum.com

Adam Smallman, Head of Content
+44 (0)20 3100 2177
adam.smallman@liberum.com

Press Enquiries: Redleaf Polhill

Emma Kane 
George Parrett
Karl Wiseman 

+44 (0)20 7382 4747
liberum@redleafpr.com

GAME Digital in £121m IPO, Liberum is bookrunner

06 June 2014 | Advisory Work, IPO

GAME Digital (Ticker: GMD LN), the leading omni-channel specialist retailer of video games in the UK and Spain, successfully priced its IPO and subsequent listing June 6, 2014 on the Premium segment of the Official List and Main Market of the London Stock Exchange.

Liberum was Joint Bookrunner on the IPO priced at 200 pence a share and which raised £121 million, resulting in a market capitalisation of £340 million.  GAME Digital plc will have a free-float of 35.5% with funds managed by Elliott Advisers retaining the majority of the balance.  

GAME Digital provides customers with a one-stop shop for video games, consoles and content through stores, online and mobile channels, allowing them to shop anytime, anywhere.

“GAME Digital is a profitable and cash generative business with a great team, strong supplier partnerships and exciting digital growth opportunities," Martyn Gibbs, Chief Executive Officer, said. "These fundamentals have enabled us to attract high quality investors who we welcome into our business."

Company website >>

Investment Banking: Peter Tracey, Christopher Britton

Research: Sanjay Vidyarthi and Adam Tomlinson

Sales: Jeremy McKeown

Equity Capital Markets: David Parsons

Contact: Emma Kane/George Parrett at Redleaf Polhill +44 (0) 20 7382 4747

Email them at liberum@redleafpr.com

What OPEC told Liberum clients about US shale oil and crude prices

15 May 2014 | Mentions of Liberum

US shale oil output will fall from 2018 and isn’t the balm to high global oil prices that some might hope for, the Secretary General of the Organization of the Petroleum Exporting Countries, Abdalla Salem El-Badri, told clients of Liberum in a recent exclusive meeting in London.

Click on the image below to read a full report in OPEC’s Bulletin of this and other areas of discussion >>

OPEC Interview

“Tight oil is another source of supply and it can help relax the oil market a little. But it is not a revolution. There is a lot of exaggeration about tight oil’s potential,” he told an 80-strong audience of oil and gas investors, company executives, lawyers and investor relations executives.

“The danger about exaggerating this potential, especially in the US, is that other countries might then tend not to invest in future capacity expansion,” he said. The consequences could be a future supply shortage.

Below: OPEC's Secretary General (foreground) with Liberum's Adam Smallman

Dsc00086a

US output of shale oil  - also known as tight oil -  is expected to reach about 3.9 million barrels a day by 2018 if 5m b/d of natural gas liquids are included. “But from 2018, output will decline,” Mr El-Badri added, citing OPEC’s World Oil Outlook.

A vigorous question-and-answer session with Liberum’s guests and event host Adam Smallman, Liberum's Head of Content, saw the Secretary General say that both producers and consumers were comfortable with crude prices around $100-$110 a barrel. “We are not looking for the two extremes in oil prices,” he said after the world had experienced three years of price stability. “This is because the extreme of higher prices at the end of the day will affect demand. And if demand is affected, then our business will be affected.”

Extreme low prices, in turn, can encourage high consumption and deter investment, he added.

Follow or Contact Liberum

Twitter: @LiberumToday

LinkedIn: Liberum 

Adam Smallman, Head of Content
+44 (0)20 3100 2177
adam.smallman@liberum.com

Press Enquiries: Redleaf Polhill

Emma Kane 
George Parrett
Karl Wiseman 

+44 (0)20 7382 4747
liberum@redleafpr.com

 

(Video) The 6 critical issues on UK energy policy ahead of the General Election

02 May 2014 | Analyst Insight

In the run-up to the UK General Election on May 7, 2015 there will be six critical issues surrounding energy policy. In this short video, Liberum Utilities Analyst Peter Atherton explains how Scottish secession, Labour's price freeze promise, voters' attitudes to the environment, EdF's Hinkley Point C contract, the parties' manifestos and the investment environment will lead or shape the debate.

Click on the image below to see the video >>

 Atherton Video

Contact: Emma Kane/George Parrett at Redleaf Polhill +44 (0) 20 7382 4747

Email them at liberum@redleafpr.com