Liberum is pleased to announce it has advised Mercell, a Private Equity backed Norwegian e-tendering platform provider, on its acquisition of EU Supply, a Swedish provider of solutions for tender management, procurement, sourcing and other supply chain activities.
Backed by Viking Ventures, a leading technology focussed Norwegian Private Equity firm, the combination of Mercell and EU Supply creates one of the leading e-tendering solution companies in Europe. The acquisition forms part of Mercell’s longer-term buy-and-build strategy to enhance its offering across Northern Europe and to establish itself and grow in other areas of the European market.
The recommended cash offer of 18.25p per share valued EU Supply at approximately £15.7m
Investment Banking - Karri Vuori, James Greenwood, Euan Brown, William Hall
Liberum is pleased to announce that it acted as Financial Adviser & Sole Bookrunner on Staffline’s £41 million Placing and Open Offer.
The oversubscribed placing and open offer attracted strong support from high quality existing and new investors. The company intends to use the net proceeds of the placing and open offer to reduce net debt.
Staffline is split between two divisions, a leading provider of flexible blue-collar workers, supplying over 60,000 staff per day to c. 1,600 private sector clients and a recruitment division which is the UK's leading adult skills and training provider delivering apprenticeships, adult education, prison education and skills-based employability programmes
Liberum acts as Financial Adviser and Sole Bookrunner on Staffline’s £41m Placing and Open Offer
Investment Banking – Steve Pearce, Joshua Hughes, Euan Brown, William Hall
Research – Joe Brent, James Allen
Sales – Julian Collett
Corporate and Investor Relations – Joel Knight
We are pleased to announce that Liberum acted as Joint Bookrunner on a Secondary Placing in Codemasters Group Holdings plc. Reliance Big Entertainment (Singapore) Pte. Ltd sold 20,000,000 ordinary shares, representing 14.3% of Codemasters’ entire issued share capital, at a price of 220 pence per share. The Placing represents half of Reliance’s stake in Codemasters. Jefferies acted as Joint Bookrunner alongside Liberum.
Codemasters IPOed in June 2018, in a significantly over subscribed transaction. This Placing has been priced at a 10% premium to the IPO price and has traded up in the aftermarket. The placing was supported by existing and new shareholders, including US based funds.
Codemasters is an award-winning British video game developer and publisher specialising in high quality racing games, including DiRT, GRID and F1.
Board – David Parsons
Investment Banking – Neil Patel, Cameron Duncan, Will Hall, Ed Phillips, Ant Schia
Sales – Julian Collett, Lisa Tugwell, Seb Fernandez, Olly Baxendale
Research – Andy Bryant
General Counsel – Rebecca Gordon
Park Group plc (“Park Group” or the “Company”) is one of the UK’s leading multi-retailer voucher and prepaid gift card businesses, focused on the corporate gift and Christmas savings markets. Park Group plc is quoted on AIM.
Park Group generates income from service fees paid by retailers (175 brands), corporates (34,601 clients), and non-corporates in addition to interest on cash balances.
In December 2018, Park Group’s new management team announced a revised strategy focused on a simplified product range, being easier to work with for all its customers (consumers, businesses and retailers), broadening the Group’s customer appeal to drive growth and being more efficient and effective – the Group is moving offices to Liverpool City Centre during late summer of 2019 which will enable the optimal use of its assets and help it to attract talent.
The Company was founded in 1967 and was admitted to trading on AIM in 2007.
Liberum has been appointed as Nomad and Sole Corporate Broker with immediate effect.
Investment Banking – Richard Crawley, Jamie Richards, Jonathan Wilkes-Green, Laura Hamilton
Research - Sanjay Vidyarthi
Sales – Oliver Baxendale
Corporate Access – Natalie Clarke
Liberum is pleased to announce its appointment as Joint Corporate Broker to Malin Corporation Plc.
Malin invests in and supports life sciences companies developing science and technology to deliver transformative outcomes for patients and create value for shareholders.
The company focuses on oncology, immunology and genetic diseases where they believe innovative life science and healthcare technologies will deliver transformative treatments for patients.
Malin raised €330m in 2015 through its IPO on the European Securities Market of Euronext Dublin (”ESM”).
Liberum has been appointed as the Company’s Joint Corporate Broker alongside Davy, Malin’s current ESM adviser and broker.
Investment Banking - Bidhi Bhoma, Euan Brown, Laura Hamilton
Research - Alistair Campbell, Graham Doyle
Sales - Lisa Tugwell
We are pleased to announce that Liberum acted as Sole Bookrunner on a Placing to raise £78m for Real Estate Credit Investments through the issue of 45,882,353 shares at 170p.
The proceeds of the placing are to be invested in debt secured by commercial or residential properties in the United Kingdom and Western Europe. RECI is a closed-ended investment company, externally managed by Cheyne Capital Management (UK) LLP. To achieve their investment objective of attractive and stable returns, primarily in the form of quarterly dividends, the Company invests in real estate credit secured by commercial or residential properties in the United Kingdom, France and Germany.
As at April 30 2019, RECI had an investment portfolio of 49 positions, with a value of £312m.
Board – Shane Le Prevost
Investment Banking – Richard Crawley, Richard Bootle, William Hall, Laura Hamilton
General Counsel – Rebecca Gordon
Sales – Andrew Davies, Anastasia Mikhailova, Jack Kershaw
Research – Conor Finn
Corporate and Investor Relations – Natalie Clarke