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Liberum advises Volution on offer for Energy Technique

11 November 2015 | advisory work

Liberum advises Volution Group plc (Ticker: FAN LN) on its recommended cash offer today for Energy Technique plc (ETQ LN).

Volution (1)

The acquisition is in line with Volution's strategy as it seeks to acquire businesses with well-established brands in heating, ventilation and air conditioning markets where there are favourable structural and regulatory dynamics and with an emphasis on heat recovery systems.

“This proposed acquisition is consistent with our stated strategy of making disciplined and value enhancing acquisitions," Volution CEO Ronnie George said in a statement.

"We believe that ETQ has a strong presence as a supplier to the UK New Build Commercial market which is highly complementary to our strong position in the UK New Build Residential sector," he added.

The transaction is expected to close by the end of the year.

Liberum is sole financial adviser and broker to Volution.

> Volution web site

Liberum contacts:

Peter Tracey, Head of Investment Banking

Neil Patel, Investment Banking

+44 (0) 20 3100 2000

Press Enquiries: Redleaf Polhill

Email: Liberum@redleafpr.com

Emma Kane 
Amy Williams

+44 (0)20 7382 4747

Seedrs in £10mn Series A fundraising, advised by Liberum

03 August 2015 | Advisory Work

Equity crowdfunding leader Seedrs, advised by Liberum, has undertaken a £10 million Series A fundraising round led by Woodford Patient Capital Trust and Augmentum Capital.  

 Seedrs Crowdfunding Logo 2013Jpg

Seedrs will use the capital raised to expand significantly its marketing efforts in the UK and Europe, boost its platform development and expand into the US.

The Seedrs online platform provides a simple, highly professional process that empowers and protects investors while helping businesses raise capital and grow. 

"It has been a real privilege to work with Liberum as we built our Series A fundraising round,” said Seedrs CEO and co-founder Jeff Lynn. 

“They are true leaders in the alternative finance space, and they have a deep understanding of how businesses like Seedrs are creating value in the financial services ecosystem. 

“The Seedrs team and I are very appreciative of the valuable advice, support and introductions they provided us throughout the fundraising process," Mr Lynn added. 

“The investment by two such high-quality investors is a deserved endorsement for Seedrs,” Simon Atkinson, Liberum’s Head of Alternative Finance, said.

“Seedrs has from the outset focused on ensuring that investors get professional grade investor protections and can share in the success of the businesses that they provide capital to. 

“This was an important factor in our wishing to work with them and is why we can see Seedrs playing a growing role on fundraisings alongside traditional investment banks like ourselves,” Mr Atkinson added.

Call the Liberum team below on +44 (0)20 3100 2000

- Simon Atkinson

- Cormac Leech

- Jeremy McKeown

> Visit the Liberum AltFi page here

Twitter    Linkedin

Press Enquiries: Redleaf Polhill

Email: Liberum@redleafpr.com

Emma Kane 
Karl Wiseman
Amy Williams

+44 (0)20 7382 4747

Liberum Joint Bookrunner on £50m placing for fastjet plc

01 April 2015 | Advisory Work

Liberum is Joint Bookrunner and Global Co-ordinator on today's £50m placing of new ordinary shares in AIM-listed low-cost African airline fastjet plc (Ticker: FJET LN).

Fastjet

The proceeds are to be used to grow fastjet's operations in Tanzania and launch new ones, first in Zambia and Zimbabwe followed by Kenya and South Africa.

The company plans to grow its fleet of leased and owned aircraft to 34 by 2018 from three currently and the new funds raised will help purchase used Airbus A319 aircraft.

Admission and settlement of placing shares is expected April 22 subject to a General Meeting on April 20.

> fastjet investor relations website

> Liberum's fundraising successes

Follow or Contact Liberum

Head of Content: Adam Smallman +44 (0) 20 3100 2177 

Twitter: @LiberumToday

LinkedIn: Liberum 

Press Enquiries: Redleaf Polhill

Emma Kane 
George Parrett
Karl Wiseman 

+44 (0)20 7382 4747

Liberum is Bookrunner on Volution IPO

23 June 2014 | Advisory Work, IPO

Volution Group (Ticker: FAN LN), best known for market-leading ventilation brands in the UK and Continental Europe such as Vent-Axia, Torin-Sifan and inVENTer, successfully priced its initial public offering June 18th, giving it a £300 million market capitalisation. Liberum was joint bookrunner on the IPO.

Below: Volution's brands

Volution Brands

It is the fifth IPO Liberum has been involved with in the first half of this year and follows CityFibre, Manx Telecom, P2P Global Investments and GAME Digital.

Volution manufactures and supplies ventilation and combustion fans, energy recovery systems, low energy motors and blowers. 

It listed on the Premium segment of the Official List and Main Market of the London Stock Exchange.

The offering was priced at 150 pence a share and raised £100m. 

“We are delighted to have achieved our objective of an IPO and secured the support of investors for the management team and future plans of Volution,” said Ronnie George, Chief Executive Officer of Volution.

“We will continue to focus on our growth strategy, both organically and by acquisition, providing our customers with market leading ventilation products and our investors with long-term value,” he added.

Click here for Volution website >>

The Liberum Team consisted of Neil Patel, Richard Bootle and Thomas Bective (Investment Banking), Charlie Campbell (Research Analyst), Jeremy McKeown (Sales), David Parsons (Equity Capital Markets) and Jenni Herbert and Marcio Remedios (Corporate Access).

Contact: George Parrett at Redleaf Polhill for more information:

+44 (0) 20 7382 4747

liberum@redleafpr.com

GAME Digital in £121m IPO, Liberum is bookrunner

06 June 2014 | Advisory Work, IPO

GAME Digital (Ticker: GMD LN), the leading omni-channel specialist retailer of video games in the UK and Spain, successfully priced its IPO and subsequent listing June 6, 2014 on the Premium segment of the Official List and Main Market of the London Stock Exchange.

Liberum was Joint Bookrunner on the IPO priced at 200 pence a share and which raised £121 million, resulting in a market capitalisation of £340 million.  GAME Digital plc will have a free-float of 35.5% with funds managed by Elliott Advisers retaining the majority of the balance.  

GAME Digital provides customers with a one-stop shop for video games, consoles and content through stores, online and mobile channels, allowing them to shop anytime, anywhere.

“GAME Digital is a profitable and cash generative business with a great team, strong supplier partnerships and exciting digital growth opportunities," Martyn Gibbs, Chief Executive Officer, said. "These fundamentals have enabled us to attract high quality investors who we welcome into our business."

Company website >>

Investment Banking: Peter Tracey, Christopher Britton

Research: Sanjay Vidyarthi and Adam Tomlinson

Sales: Jeremy McKeown

Equity Capital Markets: David Parsons

Contact: Emma Kane/George Parrett at Redleaf Polhill +44 (0) 20 7382 4747

Email them at liberum@redleafpr.com

Manx Telecom starts AIM trading, Liberum is NOMAD and Corporate Broker

10 February 2014 | Corporate Brokerships, IPO

Shares in Manx Telecom Plc were admitted to trading on AIM today (10/02/2014), followed a placing of 110.1m shares at a price of 142p, raising £156.3m. Liberum is Nominated Adviser and Corporate Broker to the Isle of Man-based telecoms company.

Manx Telecom had a market capitalisation of approximately £160m at the placing price.

Manx Telecom is the leading communication solutions provider on the Isle of Man, offering a wide range of fixed line, broadband, mobile, and data centre services to businesses, consumers and the public sector as well as a growing portfolio of innovative solutions to offshore customers.

Visit the company's website >>

Liberum Investment Banking: Steve Pearce, Steve Tredget, Tom Fyson, Josh Hughes 
+44 (0) 20 3100 2222 

Sales: Jeremy Smith

Research: Will Shirley

Corporate access: Regan Connor