Liberum is pleased to announce its appointment as UK Corporate Broker to Praxis.
The PraxisIFM Group Limited (“Praxis”) is a multijurisdictional specialist provider of administration and reporting services to the Trust and Corporate, Fund and Pension sector.
Praxis listed on The International Stock Exchange in April 2017.The Company raised £27m via a placing on admission and raised a further £10m in March 2018 through the issue of new shares.
The Company has an experienced management team and strong momentum in industry experiencing structural growth. In addition, it has strong equity ownership culture, with 60% of the shares held by management and staff.
Growth in the company’s core markets and jurisdictions, as well as selective M&A, has seen the delivery of very strong revenue and EBITDA growth in recent years. Core revenues have grown at 18% p.a. over the 2013-18 period. This has been supplemented by selective acquisitions which have resulted in total revenue growth of 33% p.a. over the same period. EBITDA has grown at 44% p.a. over the past four years.
Board: Shane Le Prevost
Investment Banking: Bidhi Bhoma, Euan Brown and Louis Davies
Research: Rahim Karim
Sales: Steve Keeling
Corporate Access: Natalie Clarke