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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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