Liberum is pleased to announce that it acted as Joint Bookrunner in relation to a placing by SigmaRoc plc, raising £12.4 million. The placing part funded the acquisition of CCP Building Products Ltd for a total consideration of £15.2 million.
SigmaRoc is a buy-and-build construction materials company that aims to create value by purchasing assets in fragmented construction materials markets and extracting efficiencies through active management and forming the assets into larger groups.
CCP is one of the largest vertically integrated manufacturer and supplier of pre-cast concrete products and aggregates in the North West of England and North Wales. CCP comes with a very attractive asset footprint with high barriers to entry, including secured internal raw material supply.
CCP represents a strategic fit within SigmaRoc, putting the Company in a strong position in the UK market place going forward and allowing it to continue its growth story. The transaction will provide consistent organic EBITDA growth and cash flow generation, with the retained senior management team incentivised to achieve ambitious EBITDA milestones over the three years.
Board – Shane Le Prevost
Research – Charlie Campbell, Marcus Cole
Sales – Oliver Baxendale, Alistair Smallwood
Investment Banking – Neil Patel, Jamie Richards, Jonathan Wilkes-Green, William Hall, Ant Schia
Corporate Access – Natalie Clarke
Liberum is pleased to announce its appointment as Joint Corporate Broker to XPS Pensions Group Plc.
XPS is a pensions actuarial, consulting and administration business which provides a wide range of services to over 1,200 pension scheme clients and undertakes administration for over 585,000 scheme members.
In December 2017, Liberum acted as joint bookrunner and sole underwriter to the Company in connection with the acquisition of Punter Southall’s actuarial, administration and investment consulting businesses and the associated £70 million Capital Raising.
Liberum has been appointed as Joint Corporate Broker alongside RBC with immediate effect.
Investment Banking – Richard Crawley, Robert Morton, Cameron Duncan, Jonathan Wilkes-Green, Will Hall
Research – Rahim Karim
Sales – Julian Collett, Steve Keeling
Corporate Access – Lynsey Cox
Liberum is pleased to announce that it acted as Joint Bookrunner in relation to a 5% placing of Genus Plc’s issued share capital, raising £68 million.
Genus, a FTSE 250 company, is a world-leading animal genetics company headquartered in the UK. The Company continuously develops higher quality pigs and cows for farmers, by selecting animals with desirable characteristics that help them to produce higher quality meat and milk more sustainably.
Net proceeds will be applied to reduce the Company’s net debt position (£108.5m at 30 June 2018), following a series of acquisitions and capex investments in recent years, and to provide balance sheet flexibility to continue to capture growth opportunities.
Management see continued opportunities to strengthen and grow the Genus business further through acquisition and business development transactions. Following the placing, the
net debt/EBITDA is expected to be in the
region of 1.0x.
Investment Banking – Clayton Bush, Josh Hughes, Trystan Cullen, Laura Hamilton
Sales – David Parsons, Julian Collett
Research – Sophie Jourdier
Corporate Access – Lynsey Cox, Natalie Clarke
Liberum is pleased to announce that it acted as Financial Adviser, Nominated Adviser and Sole Bookrunner in relation to a placing & acquisition by Science in Sport plc, raising £29 million. The placing part funded the acquisition of PhD Nutrition Ltd for a total consideration of £32 million.
Science in Sport plc, a UK-headquartered market leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts.
PhD is a UK-headquartered premium protein brand, which has developed into one of the UK's leading protein brands with a reputation for high quality and innovative products aimed at sports enthusiasts and gym lifestyle consumers.
The deal doubles the size of the Company and accelerates their ambition to become a global leader in premium performance nutrition. SIS and PhD are two businesses that have complementary brands, products, operations and sales channels which together create a well-balanced, cash generative company with enhanced potential.
Investment Banking – Clayton Bush, Chris Clarke, James Greenwood, William Hall, Stephanie Poulier
Sales – Oliver Baxendale, Julian Collett, Gerard O’Doherty, Sebastian Fernandez
Research – Wayne Brown, Tom Musson
Corporate Access – Marcio Remedios
Liberum is pleased to announce its appointment as Joint Corporate Broker to TruFin plc (“TruFin”).
TruFin is the holding company of an operatinggroup comprising three growth-focused FinTech and banking businesses operating in three niche lending markets: DF Capital (supply chain finance), Satago (invoice finance) and Oxygen Finance (dynamic discounting).
In addition, TruFin owns a c.13% minority stake in Zopa, a leading UK consumer P2P lender, which operates independently of TruFin.
TruFin was established through a series of acquisitions and investments by Arrowgrass between 2014 and 2017 and completed an AIM IPO in February 2018. It currently has 100 employees with offices in the UK and a small team in the US.
Liberum has been appointed as Joint Corporate Broker with immediate effect. Macquarie acts as TruFin’s Nominated Adviser and Joint Corporate Broker.
Investment Banking - Chris Clarke, Trystan Cullen, Louis Davies, Stephanie Poulier
Sales - Julian Collett, Steve Keeling
Research - Ben Williams, Jamie Donald
Corporate Access - Lynsey Cox
We are pleased to announce that Liberum has been appointed as Joint Corporate Broker to SolGold plc. SolGold is a copper gold exploration company focussed in Ecuador.
The company has discovered a world class copper/gold porphyry on its flagship Cascabel licence in Northern Ecuador containing 5.3mt of copper and 12.3moz of gold as at December 2017. Continued exploration success implies this resource will grow significantly.
SolGold is the largest tenement holder in Ecuador and has the most active exploration programme in country. It plans to apply its successful porphyry exploration blueprint across the country, where it employs more than 80 geologists.
Ecuador’s underexplored status, along with a consenually positive long-term copper market outlook amongst major mining companies present SolGold with an opportunity to grow into an explorer, developer and miner of global significance.
The Company listed on London's AIM Market in 2006, and dual-listed onto the Toronto Stock Exchange in July 2017. The Company was admitted to the Main Market (Standard Listing) of the London Stock Exchange in October 2017 (at which point it ceased
to trade on AIM).
Liberum has been appointed as Joint Corporate Broker with immediate effect.
Investment Banking – Clayton Bush, Trystan Cullen, Laura Hamilton
Research – Richard Knights
Sales – Julian Collett
Corporate Access – Lynsey Cox