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Liberum acts as Nominated Adviser & Sole Bookrunner on the IPO of Mind Gym plc

28 June 2018 | IPO

MG

We are pleased to announce that Liberum has successfully raised £50.8m in connection with the AIM IPO of Mind Gym. The shares were admitted to trading on 28 June 2018.

Mind Gym is a behavioural science business that uses scalable proprietary products to deliver human capital business improvement solutions to large corporations. The Company operates in three global markets: business transformation, human capital management, and learning & development.

Mind Gym was co-founded by Octavius Black and Sebastian Bailey in June 2000 and has since developed a strong market presence in the UK and a well-established, rapidly growing US operation as well as a presence in Singapore. Since inception, Mind Gym has worked with 62 per cent. of the current FTSE 100 and 59 per cent. of the current S&P 100 companies.

Liberum raised £50.8m for selling shareholders Octavius Black, the Company's Chief Executive Officer, Joanne Black, the Company’s Chair, and Sebastian Bailey, an Executive Director. All will retain a substantial shareholding in the Company, amounting to approximately 64.6% of the Company’s share capital.

The placing attracted strong support from high quality institutional investors and was significantly over-subscribed.
On admission, the market capitalisation of the Company was approximately £145 million.

Admission is an important step in the Group's development, enhancing the Company's profile in servicing large corporate clients and providing increased potential for partnerships, together with creating the ability to incentivise key employee.

Liberum acted as NOMAD and Sole Bookrunner on the IPO, and is retained as NOMAD and Sole Broker to the company post admission.

Liberum Team

Board – David Parsons
Investment Banking – Bidhi Bhoma, Joshua Hughes, Euan Brown, Kane Collings
Research – Joe Brent
Sales – Julian Collett, Lisa Tugwell, Oliver Baxendale
Corporate Access – Lynsey Cox

Press Enquiries: Redleaf Polhill

Emailpr@liberum.com

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Liberum acts as Nominated Adviser & Sole Bookrunner on the IPO of Codemasters Group Holdings plc (“Codemasters”)

01 June 2018 | IPO

Code

Largest AIM IPO capital raise in 2018

We are pleased to announce that Liberum has successfully raised £185m in connection with the IPO of Codemasters (AIM: CDM). The shares were admitted to trading on 1 June 2018.

Codemasters is a video game developer and publisher, specialising in high quality racing games.

Headquartered in Southam, Warwickshire, the Group is one of the most recognised British gaming companies, with a 30 year track record of producing successful titles. The Group has approximately 500 full time employees and operates in three UK locations – Southam, Birmingham and Runcorn.

Liberum conducted a targeted investor pre-marketing exercise which delivered a number of quality cornerstone investors. The IPO research report helped position Codemasters attractively in a global peer group and the management roadshow resulted in a very high hit-rate of orders to meetings.

Liberum launched the IPO as a “fixed price offer” at a market capitalisation of £280m, having received strong valuation feedback from cornerstone investors. This helped generate early momentum in the bookbuild, and driven by the strength and quality of the institutional demand, resulted in the offering being up-sized from £150m to £185m.

Liberum acted as NOMAD and sole bookrunner on this IPO, and is retained as NOMAD and Sole Broker to the Company post Admission.

Liberum Team

Investment Banking – Neil Patel, Cameron Duncan, William Hall

Research – Andy Bryant, Alex Schmidt

Sales – Julian Collett, Oliver Baxendale, Sebastian Fernandez, Lisa Tugwell, Gerard O’Doherty

Corporate Access – Marcio Remedios

Press Enquiries: Redleaf Polhill

Emailpr@liberum.com

Tel +44 (0)20 3100 2000

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Liberum acts as NOMAD and Sole Bookrunner on the IPO of Urban Exposure

01 May 2018 | IPO

Urban Exposure Logo Web

We are pleased to announce that Liberum has successfully raised £150m for Urban Exposure plc (UEX). The shares are expected to be admitted to AIM on 9 May.

Urban Exposure is a specialist residential development finance and asset management company that has been formed to provide finance for real estate development loans across the United Kingdom.

The Company seeks to align its asset management and lending strategy to address the significant shortfall in housing stock and Government initiatives for increasing housing supply.

Liberum organised extensive pre-marketing in early 2018, produced a detailed pre-IPO research report, conducted a well-received Investor Education Roadshow, and organised a two week Management Roadshow with 67 institutional investors. A high quality book of demand was delivered with management retaining a material stake in the business and locked up for 3 years.

Urban Exposure plc is the largest IPO on AIM by capital raised, year to date.

Liberum acted as NOMAD and sole bookrunner on this IPO, and is retained as NOMAD and Sole Broker to the Company post Admission.

Liberum Team

Board - Shane Le Prevost, David Parsons

Investment Banking - Neil Patel, Gillian Martin, Jonathan Wilkes-Green, Louis Davies

Sales - Steve Keeling, Julian Collett

Research - Justin Bates, Portia Patel, Jamie Donald

Execution - Graham Smith, Mark O'Hara

Corporate Access - Anna Barber

Urban Exposure Image

Press Enquiries: Redleaf Polhill

Emailliberum@redleafpr.com

Call: +44 (0)20 7382 4747

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Liberum acts as Nominated Adviser & Joint Bookrunner on the IPO of The City Pub Group

24 November 2017 | IPO

CPG

Established in 2011 by three well known industry veterans, The City Pub Group owns and operates an estate of 34 premium pubs across Southern England.

Liberum assisted The City Pub Group in raising pre-IPO capital to fund its pub acquisition strategy in October 2015, remained in close contact with the company over the subsequent 2 years advising them on preparations for listing, and acted as Nominated Adviser and Joint Bookrunner on its AIM IPO in November 2017.

The IPO raised c.£47m, including £35m of primary proceeds to fund its acquisition strategy, which was upsized by £5m due to a significantly oversubscribed order book. The market capitalisation of the company on Admission was £96m.

The City Pub Group marks Liberum’s 6th IPO in the consumer / leisure sector over the last 18 months and its 5th IPO in 2017.

Liberum Team

Investment Banking – Chris Clarke, Ben Roberts, Dominik Götzenberger

Research –Anna Barnfather, Wayne Brown

Sales – Julian Collett, Oliver Baxendale, Sebastian Fernandez, Gerard O’Doherty, Lisa Tugwell, Richard Mawer, Tim Mayo

Corporate Access – Mary-Jane Clarke

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Liberum acts on eight public market transactions across six sectors in the last five weeks.

06 July 2017 | Advisory Work

1

We are delighted to have acted as financial adviser on two public offers, completed the IPO of a world leading service provider to the film industry, and raised equity for five listed clients in the Real Estate, Healthcare and Telecoms sectors.

Hornby (1)

Hornby – Mandatory Cash Offer

Liberum acted as Sole Financial Adviser and Broker to Phoenix Asset Management on its acquisition of an additional 20.9% stake in Hornby plc and the resulting mandatory offer for the entire share capital of Hornby. Phoenix Asset Management is an investment manager focused on long-term value investing and known for the high quality and depth of its investment research process.

Kali

Kalibrate Technologies – Recommended Cash Offer

Liberum acted as Sole Financial Adviser and Broker to Hanover Investors on its recommended cash offer for Kalibrate Technologies plc. Liberum successfully secured irrevocable undertakings covering 40% of Kalibrate’s share capital and acquired a further 10% in the market for Hanover. Hanover Investors is an active investment manager focused on small and mid-cap UK public companies.

FFI_logo

FFI Holdings – IPO to raise £59m

Liberum acted as Nominated Adviser and Sole Bookrunner to FFI on its £236m IPO, raising £59m from institutional investors. The proceeds will be used to fund the Company’s consolidation strategy. FFI is the world leader in the provision of completion contracts to the entertainment industry for films, television, mini-series and streaming products. 

REC

Real Estate Credit Investments – Firm placing to raise £23.5m

Liberum acted as Sole Bookrunner to RECI in relation to a placing raising £23.5m pursuant to its placing programme. RECI intends to use the proceeds to invest in its current pipeline of attractive investment opportunities. RECI invests primarily in debt secured by commercial or residential properties in Western Europe and the United Kingdom.

CF-logo -New -Green (1)

CityFibre – Firm Placing to raise £200m and Offer for Subscription to raise a further £15m

Liberum acted as Joint Bookrunner and Joint Underwriter raising over £200m for CityFibre to acquire Entanet, substantially increasing the Company’s wholesale capabilities and relationships, and to fund the growth of the group’s full fibre network across UK towns and cities. CityFibre provides fibre connectivity services through designing, building, owning and operating fibre optic networks across the UK. The transaction is subject to shareholder approval on 27 July.

New River _logo

NewRiver REIT – Firm Placing and Placing and Open Offer to raise £225m

Liberum acted as Sponsor and Joint Bookrunner to NewRiver, raising £225m. The transaction was well supported by investors and subsequently upsized, providing capital to fund the Company’s acquisition and development pipeline. NewRiver is a FTSE 250 REIT and specialist real estate investor, asset manager and developer focused solely on the UK retail and leisure sector.

Assuara

Assura – 9.9% Placing to raise £98.4m

Liberum acted as Joint Bookrunner to Assura, raising £98.4m. The transaction was very well supported by both existing and new investors from the UK, Europe and the US and was completed at a tight 1.6% discount. Assura is a FTSE 250 healthcare REIT which owns c.400 primary health care properties across the UK.

Shield

Shield Therapeutics – £12m Capital Raising

Liberum acted as Nominated Adviser and Joint Bookrunner to Shield, raising £12m. The transaction involved the coordinated exercise of warrants, a placing of new shares and a subscription by the company’s directors. Shield Therapeutics is a specialty pharmaceutical company focused on the development and commercialisation of pharmaceutical solutions to un-met medical needs. 

About Liberum

Liberum is an independent investment bank with offices in London and New York.
Our Equities division provides sales, research and trading services to institutional investors, specialising in All-Cap Pan-European equity research across ten pillars, with deep sector knowledge.
Our Investment Banking division provides advice and execution services to UK plcs, including corporate broking, equity capital markets and M&A.

If you would like to know more, please contact:

Steve Pearce
Co Head of Investment Banking
+44 (0) 20 3100 2224
steve.pearce@liberum.com


Richard Crawley
Co Head of Investment Banking
+44 (0) 20 3100 2251
richard.crawley@liberum.com

 

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Gloo Networks IPOs with Liberum as Nomad, Joint Broker, Joint Bookrunner

19 August 2015 | IPO

Liberum acted as Nomad, Joint Broker and Joint Bookrunner on the AIM IPO of technology company Gloo Networks plc (Ticker: GLOO LN), whose shares were admitted to trading Aug. 11.

Gloo

The listing raised £30m before expenses, to be used to provide due diligence and working capital prior to one or more subsequent acquisitions. 

Gloo intends to acquire and operate trusted consumer brands in the media sector, initially with an enterprise value in the range of £250m to £1bn, with a focus in the UK, the US and to a lesser extent Europe. 

These brands appeal to attractive socio-economic groups and, through the use of data and technology, Gloo aims to transform these businesses to fully realise their digital potential, thereby unlocking value and increasing profitability. 

The company is led by digital transformation experts Rebecca Miskin (Chief Executive Officer), formerly Digital Strategy Director and Change Agent at Hearst Magazines UK, and Juan Lopez-Valcarcel (Chief Product and Operations Officer), who was previously Chief Digital Officer for Pearson International.

Company website: www.gloonetworks.com 

Liberum team for Gloo Networks:

Investment Banking:  Neil Elliot, Chris Clarke, Jonathan Wilkes-Green

Sales: Julian Collett, Jeremy McKeown, Archie Soames, Natalia Lipecka

Research: Jason Holden, Andy Bryant

Corporate Access: Lynsey Cox

Press Enquiries: Redleaf Polhill

Email: Liberum@redleafpr.com

Emma Kane 
Karl Wiseman
Amy Williams

+44 (0)20 7382 4747