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Liberum raises £40m for MADE

26 March 2018 | Made

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Liberum is pleased to announce the successful completion of a private fundraising for MADE, raising equity proceeds of £40m

MADE is a leading European design brand, that has revolutionised the furniture and homewares markets. MADE operates in 7 European countries and reported 2017 net revenue of £127m, a growth of 40%, a break-even run rate and cash flow positive.

The transaction provides investment funds to accelerate growth and establish MADE’s digital brand leadership across Europe. MADE’s plans include expanding into additional European markets, developing the MADE brand further including the opening of flagship showrooms and continued investment in technology to retain an industry leading platform.

The fund raise included a new tier 1 global institutional investor with an established history of making long term global investments, with further commitments from existing investors.

MADE has had a strong start to 2018 and is well positioned to continue to benefit from the transition from high street to online within the homewares market and capitalise on the growing confidence in digital retail.

Liberum acted as sole bookrunner on this transaction.

Liberum Team

David Parsons 
Head of Equities

Clayton Bush
Managing Director, Investment Banking

Richard Crawley
Co-Head Investment Banking

Steve Pearce
Co-Head Investment Banking

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Liberum acts as Sole Bookrunner on Asiamet’s £7.2m fundraise

26 March 2018 | Joint Broker

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Liberum is pleased to announce that it acted as sole bookrunner in relation to a placing for Asiamet Resources Limited (“Asiamet”), raising £7.2 million (c.US$10 million) of gross proceeds for the Company at 11p per share.

Asiamet is a dynamic junior company focussed on the exploration and development of its portfolio of large copper-gold deposits on the Indonesian islands of Kalimantan and Sumatra, adjacent to the key growth markets in Asia.
Gross proceeds of the Placing and existing cash reserves of c.US$2.0m are expected to be utilised as follows:
• US$4.7 million for increasing ownership at its Beutong copper porphyry project (from 40% to 80%) and accelerating drilling at the property including metallurgical programmes;
• US$2.5 million for regional exploration on the KSK Contract of Work Area;
• US$3.3 million to commence optimisation and early works in relation to the Company’s BKM copper project and completion of the Bankable Feasibility Study; and
• US$ 1.5 million for general working capital purposes including the costs of the Placing.
The Company has been listed on AIM since 2006 and now has a market capitalisation of c.£120m.

Liberum Team

Investment Banking - Neil Elliot, Clayton Bush and Kane Collings

Sales - Julian Collett and Oliver Baxendale

Research - Richard Knights

Corporate Access - Lynsey Cox

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Twitter: @LiberumToday

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