We build long term partnerships with clients, enabling us to be trusted advisers to corporates throughout their life cycle.

We pride ourselves on our entrepreneurial culture. We always seek innovative ways to get deals done, even in tough markets. Since our inception in the midst of the global financial crisis, Liberum has thrived whilst many other banks have struggled.

Free from the constraints bigger banks face, our structure and collaborative culture ensures our investment bankers are closer to the key investors in the markets that shape sentiment.

Investment Banking in numbers

22% of total funds raised on AIM 2018-21 raised by Liberum
£25.4bn Raised since 2007 £12.2bn since 2015
112 Corporate clients that we advise
56 IPOs since inception

Corporate Broking

Our Corporate Broking team is entirely focussed on UK Small & Mid Cap, advising 112 listed companies on their capital market strategies.

As a Corporate Broker, our aim is to help our clients build high quality long-term relationships with institutional investors and develop their share ownership, with the ultimate goal of ensuring good liquidity at a fair valuation for the company’s shares. We strive to bring innovative and creative ideas to our clients, helping to develop their businesses at all levels, from daily investor relations to major strategic developments.

Corporate Broking 1
Corporate Finance 2

Our clients include widely respected companies across the 13 sectors of specialism listed below

  • Chemicals / New Energy
  • Consumer and Retail
  • Financial Services
  • Healthcare
  • Housebuilders & Building Materials
  • Industrials
  • Investment Funds
  • Leisure
  • Mining / Agriculture
  • Real Estate
  • Support Services
  • Technology and Media
  • Transport

We act as trusted adviser and market advocate to our clients, helping them to navigate every aspect of the equity capital markets and to fulfill their corporate ambitions.

Richard Crawley Head of Investment Banking | Liberum

Corporate Finance

Working in industry specialist teams, we advise public and private companies, and their owners, on all aspects of the corporate development from mergers and acquisitions, disposals, restructurings, refinancings, and capital distributions.

We are approved to act as Sponsor to Main Market companies and Nominated Adviser to those admitted to trading on AIM.

Corporate Finance 1
Corporate Broking 2

We combine technical expertise, innovative solutions and access to our extensive network of institutional relationships to help our clients achieve their strategic goals.

Equity Capital Markets

We are a leading adviser to ECM deals in the Small & Mid Cap space, having raised £25.4bn since our inception for our clients.

We’ve acted on 56 IPOs since 2007 and were No.1 for AIM IPOs in 2018, raising £418m of capital as sole bookrunner.

Man Pointing At Screen
Tradingdesk

Raising capital in all market conditions requires hard-earned relationships with investors, built over time and rooted in trust.  It also demands an intimate understanding of a company’s business and ambitions and the ability to match and source the right pools of capital for each investment opportunity.

M&A

Our M&A team is involved in merger and acquisition transactions and is led by senior industry professionals with deep commercial and technical expertise in all types of M&A. We leverage Liberum’s capital markets insights and strong corporate and institutional relationships to provide market leading advice.

Our clients include listed and unlisted corporates, entrepreneurs, private equity, family offices and hedge funds.

M&A Image1
M&A Image3

Areas of expertise include:

  • Takeover Code regulated buy side, sell side, defence, Rule 3, mergers, reverses and take privates (including management/Newco advisory)
  • Private company buy side, sell side, corporate carve out, management buy in/out 
  • Distressed M&A buy side and sell side
  • Transaction related financing and capital structure advisory
  • Dual/triple track processes
  • Acquisition search and shareholder value optimisation working across all industry sectors
  • Shareholder activism strategy and execution

Our fundraising achievements

Company
Deal
Amount raised
Date
Tortilla Mexican Grill Plc
IPO
£28,000,000
Oct-2021
The Renewables Infrastructure Group Ltd
Placing
£200,000,000
Sep-2021
Science Group
Placing
£29,300,000
Sep-2021
SigmaRoc
Placing
£260,000,000
Aug-2021
Ilika Plc
Placing
£24,700,000
Jul-2021
Hotel Chocolat
Placing
£39,500,000
Jul-2021
Forward Partners Group Plc
IPO
£36,500,000
Jul-2021
CMO Group Plc
IPO
£45,000,000
Jul-2021
Made.com Group Plc
IPO
£194,000,000
Jun-2021
Staffline Group Plc
Placing
£48,400,000
Jun-2021
Futura Medical Plc
Placing
£12,000,000
Jun-2021
Time Out Group Plc
Placing
£17,000,000
Apr-2021
YEW Grove REIT Plc
Placing
€12,700,000
Apr-2021
The Renewables Infrastructure Group Ltd
Placing
£240,000,000
Mar-2021
Chrysalis Investments Limited
Placing
£300,000,000
Mar-2021
Medica Group Plc
Placing
£16,100,000
Mar-2021
In The Style Group Plc
IPO
£60,000,000
Mar-2021
Virgin Wines UK Plc
IPO
£48,000,000
Mar-2021
Sensyne Health Plc
Placing
£27,500,000
Jan-2021
The Renewables Infrastructure Group Ltd
Placing
£200,000,000
Dec-2020
SigmaRoc
Placing
£12,400,000
Dec-2020
Accrol Group Holdings Plc
Placing
£38,500,000
Nov-2020
Ricardo Plc
Placing
£29,000,000
Nov-2020
Shanta Gold Plc
Placing
£31,000,000
Oct-2020
SourceBio International Plc
IPO
£35,000,000
Oct-2020
Shaftesbury Plc
Placing
£307,000,000
Oct-2020
Merian Chrysalis Investment Company Limited
Placing
£95,000,000
Oct-2020
Alpha FX Group Plc
Placing
£35,000,000
Sep-2020
RPS Group Plc
Placing
£20,000,000
Sep-2020
Ted Baker Plc
Placing
£105,000,000
Jun-2020
Time Out Group Plc
Placing
£47,000,000
Jun-2020
Costain Group Plc
Placing
£100,000,000
May-2020
The Renewables Infrastructure Group Ltd
Placing
£120,000,000
May-2020
Loungers Plc
Placing
£8,300,000
Apr-2020
Science in Sport Plc
Placing
£4,500,000
Apr-2020
The City Pub Group Plc
Placing
£22,000,000
Apr-2020
Alpha FX Group Plc
Placing
£20,000,000
Apr-2020
Safestyle UK Plc
Placing
£8,500,000
Apr-2020
MJ Gleeson Plc
Placing
£16,400,000
Apr-2020
Joules Group Plc
Placing
£15,000,000
Apr-2020
Ilika Plc
Placing
£15,100,000
Mar-2020
Hotel Chocolat Plc
Placing
£22,000,000
Mar-2020
Hornby Plc
Placing
£15,000,000
Mar-2020
Real Estate Credit Investments Limited
Placing
£33,500,000
Feb-2020
AEW UK REIT Plc
Placing
£7,000,000
Feb-2020
GetBusy Plc
Placing
£2,000,000
Jan-2020
Futura Medical Plc
Placing
£3,250,000
Jan-2020
Loungers Plc
Placing
£19,000,000
Dec-2019
Elegant Hotels Plc
M&A
£101,000,000
Dec-2019
Codemasters Group Holdings Plc
Placing
£20,000,000
Nov-2019
Codemasters Group Holdings Plc
Placing
£41,000,000
Nov-2019
SigmaRoc Plc
Placing
£32,800,000
Oct-2019
Time Out Group Plc
Placing
£17,000,000
Oct-2019
The Renewables Infrastructure Group
Placing
£228,000,000
Oct-2019
Real Estate Credit Investments Limited
Placing
£17,000,000
Oct-2019
Merian Chrysalis Investment Company Limited
Placing
£175,000,000
Sep-2019
AFH Financial Group plc
Placing
£15,000,000
Jul-2019
Staffline Group Plc
Placing
£41,000,000
Jul-2019
Codemasters Group Holdings Plc
Placing
£44,000,000
Jun-2019
Real Estate Credit Investments Limited
Placing
£78,000,000
May-2019
Network International Holdings Plc
IPO
£1,000,000,000
May-2019
Sirius Minerals Plc
Placing
£327,100,000
May-2019
Brewin Dolphin Holdings Plc
Placing
£60,000,000
May-2019
Loungers Plc
IPO
£83,300,000
Apr-2019
Merian Chrysalis Investment Company Limited
Placing
£100,000,000
Apr-2019
The Renewables Infrastructure Group Limited
Placing
£302,000,000
Apr-2019
SigmaRoc Plc
Placing
£12,000,000
Jan-2019
Science in Sport Plc
Placing
£29,000,000
Dec-2018
Genus Plc
Placing
£68,100,000
Dec-2018
FastJet Plc
Placing
£31,249,999
Dec-2018
Merian Chrysalis Investment Company Limited
IPO
£100,000,000
Nov-2018
AFH Financial Group
Placing
15,000,000
Nov-2018
The Renewables Infrastructure Group Ltd
Placing
£79,050,000
Nov-2018
Merian Chrysalis Investment Company Limited
IPO
£100,000,000
Nov-2018
City Pub Group Plc
Placing
£6,200,000
Oct-2018
Alpha FX Group Plc
Placing
£18,000,000
Oct-2018
Real Estate Credit Investments Limited
Placing
£23,000,000
Sep-2018
Ilika Plc
Placing
£4,000,000
Jul-2018
The Renewables Infrastructure Group Limited
Placing
£64,200,000
Jul-2018
Aurora Investment Trust Plc
Placing
£8,600,000
Jul-2018
fastjet Plc
Placing
£5,300,000
Jul-2018
Mind Gym Plc
IPO
£50,800,000
Jun-2018
Aquis Exchange Plc
IPO
£32,000,000
Jun-2018
Workspace Group Plc
Placing
£180,000,000
Jun-2018
Volex Plc
Placing
£36,000,000
Jun-2018
Codemasters Group Holdings Plc
IPO
£185,000,000
Jun-2018
Gresham House Plc
Placing
£15,000,000
May-2018
Charles Taylor Plc
Placing
£17,600,000
May-2018
Urban Exposure Plc
IPO
£150,000,000
May-2018
EJF Investments Limited
Placing
£4,500,000
May-2018
NetScientific Plc
Placing
£5,000,000
Apr-2018
Honeycomb Investment Trust Plc
Placing
£100,000,000
Apr-2018
Asiamet Resources Limited
Placing
£7,160,000
Mar-2018
The Renewables Infrastructure Group Limited
Placing
£57,600,000
Mar-2018
MADE.com
Private Raise
£40,000,000
Mar-2018
EJF Investments Limited
Placing
£5,800,000
Mar-2018
Plant Health Care Plc
Placing
£5,000,000
Mar-2018
Xafinity Plc
Placing
£70,000,000
Jan-2018
Hornby Plc
Placing
£12,000,000
Dec-2017
Real Estate Credit Investments Limited
Placing
£20,500,000
Dec-2017
Shaftesbury Plc
Placing
£265,000,000
Dec-2017
EJF Investments Limited
ZDP Issue
£15,000,000
Dec-2017
Footasylum Plc
IPO
£63,400,000
Nov-2017
City Pub Group Plc
IPO
£46,600,000
Nov-2017
AFH Financial Group Plc
Placing
£17,500,000
Nov-2017
fastjet Plc
M&A Placing
£20,900,000
Oct-2017
Real Estate Credit Investments Limited
Placing Programme
£40,700,000
Oct-2017
Aurora Investment Trust Plc
Placing Programme
£9,200,000
Oct-2017
CityFibre Infrastructure Holdings Plc
Secondary
£215,000,000
Sep-2017
Wilmcote Holdings Plc
IPO
£15,000,000
Aug-2017
New River REIT
FP and OO
£225,000,000
Jul-2017
HaloSource, Inc.
Placing
£1,800,000
Jul-2017
EJF Investments Limited
Placing
£8,000,000
Jul-2017
New River REIT
Placing and Placing & Open Offer
£225,000,000
Jul-2017
Real Estate Credit Investments Limited
Placing Programme
£23,500,000
Jul-2017
NetScientific Plc
Placing
£8,000,000
Jun-2017
Assura Plc
Placing
£98,400,000
Jun-2017
Honeycomb Investment Trust Plc
Placing Programme
£105,000,000
Jun-2017
FFI Holdings Plc
IPO
£59,000,000
Jun-2017
Shield Therapeutics Plc
Placing / Warrant Exercise
£12,000,000
Jun-2017
AFH Financial Group Plc
Placing
£10,000,000
Apr-2017
Alpha FX Group Plc
IPO
£30,000,000
Apr-2017
The Renewables Infrastructure Group Limited
Placing Programme
£110,000,000
Apr-2017
Aurora Investment Trust Plc
Placing Programme
£4,400,000
Mar-2017
Real Estate Credit Investments Limited
Placing
£25,000,000
Mar-2017
Ramsdens Holdings Plc
IPO
£15,600,000
Feb-2017
fastjet Plc
Secondary
£23,400,000
Jan-2017
Aurora Investment Trust Plc
Placing
£7,200,000
Dec-2016
Ranger Direct Lending Fund
Placing
£16,700,000
Dec-2016
Honeycomb Investment Trust Plc
Placing Programme
£50,000,000
Dec-2016
Sirius Minerals Plc
Placing
£370,000,000
Nov-2016
Ranger Direct Lending Fund Plc
Placing
£23,000,000
Oct-2016
Axiom European Financial Debt Fund Limited
Placing
£6,000,000
Oct-2016
The Renewable Infrastructure Group Limited
Placing
£62,620,000
Sep-2016
Aurora Investment Trust Plc
Placing
£9,800,000
Aug-2016
Plant Health Care Plc
Placing
£7,600,000
Aug-2016
Audioboom Group Plc
Placing
£2,500,000
Aug-2016
Ranger Direct Lending Fund Plc
Placing
£30,000,000
Aug-2016
fastjet Plc
Placing
£15,000,000
Aug-2016
Sepura Plc
Placing
£65,000,000
Jul-2016
Aquis Exchange Limited
Pre-IPO
£5,360,000
Jul-2016
Time Out Group Plc
IPO
£90,000,000
Jun-2016
Joules Group Plc
IPO
£77,500,000
May-2016
Honeycomb Investment Trust Plc
Placing
£50,000,000
May-2016
The Renewable Infrastructure Group Limited
Placing
£30,300,000
May-2016
Hotel Chocolat Group Plc
IPO
£55,500,000
May-2016
Vertu Motors Plc
Placing
£35,000,000
Mar-2016
Aurora Investment Trust Plc
Placing
£8,100,000
Mar-2016
Phoenix Spree Deutschland Fund
Placing
£38,000,000
Mar-2016
Axiom European Financial Debt Fund Limited
Placing
£3,800,000
Mar-2016
Shield Therapeutics Plc
IPO
£32,500,000
Feb-2016
CityFibre Infrastructure Holdings Plc
Placing
£80,000,000
Jan-2016
NewRiver Retail Limited
Placing
£150,000,000
Dec-2015
Honeycomb Investment Trust Plc
IPO
£100,000,000
Dec-2015
Ranger Direct Lending Fund
Placing
£14,000,000
Dec-2015
Marwyn Value Investors Limited
Placing
£50,000,000
Dec-2015
Equiniti Group Plc
IPO
£400,000,000
Nov-2015
Axiom European Financial Debt Fund Limited
IPO
£50,700,000
Nov-2015
NetScientific
Placing
£18,140,000
Nov-2015
Assura Plc
Placing
£309,000,000
Oct-2015
Gloo Networks Plc
IPO
£30,000,000
Aug-2015
SPARK Ventures Plc
Placing
£14,000,000
Aug-2015
P2P Global Investments
Placing
£400,000,000
Jul-2015
NewRiver Retail Limited
Placing
£150,000,000
Jul-2015
Adgorithms Ltd.
IPO
£27,000,000
Jun-2015
P2P Global Investments
Tap Issue
£20,000,000
Jun-2015
Dolphin Capital Investors Limited
Placing
£55,060,000
Jun-2015
Sepura Plc
Placing
£60,500,000
May-2015
Ranger Direct Lending Fund Plc
IPO
£135,000,000
May-2015
fastjet Plc
Placing
£50,000,000
Apr-2015
Nanoco Group Plc
Placing
£20,000,000
Mar-2015
Real Estate Investors Plc
Placing
£45,000,000
Mar-2015
Oakley Capital Investments Ltd
Placing
£130,000,000
Mar-2015
Sirius Minerals Plc
Placing
£15,800,000
Mar-2015
P2P Global Investments Plc
Placing
£250,000,000
Jan-2015
Summit Germany Limited
Placing
Û 120,000,000
Jan-2015
NewRiver Retail Limited
Placing
£75,000,000
Jan-2015
Card Factory plc
Block Trade
£106,000,000
Dec-2014
Direct Money
Placing
Undisclosed
Dec-2014
TrustBuddy International
Placing
£5,400,000
Dec-2014
Connect Group Plc
Placing
£55,200,000
Dec-2014
Workspace Group Plc
Placing
£96,500,000
Nov-2014
HaloSource, Inc.
Placing
£7,000,000
Nov-2014
Assura Plc
Placing
£180,000,000
Sep-2014
Assura Plc
Block Trade
£50,000,000
Sep-2014
Alkane Energy Plc
Placing
£8,000,000
Jul-2014
P2P Global Investments
IPO
£200,000,000
Jun-2014
Flybe Group Plc
Block Trade
£13,100,000
Jun-2014
Volution Group Plc
IPO
£100,000,000
Jun-2014
GAME Digital Plc
IPO
£121,000,000
Jun-2014
CityFibre Infrastructure Holdings Plc
Placing
£30,000,000
May-2014
Staffline Group Plc
Placing
£16,000,000
May-2014
Real Estate Investors Plc
Placing
£20,000,000
Mar-2014
Sirius Minerals Plc
Placing
£43,000,000
Mar-2014
Costain Group Plc
Placing
£75,000,000
Feb-2014
Plus 500 Ltd
Placing
£100,000,000
Feb-2014
Flybe Group Plc
Placing
£156,000,000
Feb-2014
NewRiver Retail Limited
Placing
£85,000,000
Feb-2014
Manx Telecom Plc
IPO
£156,300,000
Feb-2014
Zopa
Placing
£15,000,000
Jan-2014
CityFibre Infrastructure Holdings Plc
IPO
£16,500,000
Jan-2014
JPMorgan Private Equity Limited
Block Trade
$80,000,000
Jan-2014

Investment Banking Senior Management

Richard Crawley

Richard Crawley

Head of Investment Banking

Richard joined Liberum in 2013. He has over 30 years of experience, gained at Charterhouse, Credit Suisse, Oriel Securities and most recently, at Espirito Santo.

Clayton Bush

Clayton Bush

Investment Banking Managing Director

Clayton joined Liberum in 2008 from Canaccord, having previously worked for Credit Lyonnais, Dresdner Kleinwort Wasserstein and PWC.

Neil Patel

Neil Patel

Investment Banking Managing Director

Neil joined Liberum in 2013. He previously spent 12 years at UBS, acting as broker and advisor to FTSE100 and FTSE 250 companies.

Chris Clarke

Chris Clarke

Investment Banking Managing Director

Chris joined Liberum in 2015 and has over 14 years of corporate finance and equity capital markets experience.

Nicholas How

Nicholas How

Investment Banking Managing Director

Nick joined Liberum in June 2021 as a Managing Director in Investment Banking focused on the Business Services, Transport and Industrials sectors.

Tim Medak

Tim Medak

Co-Head, M&A, Investment Banking

Tim joined Liberum in July 2021 as Co-Head of M&A from his own boutique corporate finance firm.

Mark Harrison

Mark Harrison

Co-Head, M&A, Investment Banking

Mark joined Liberum in July 2021 as Co-Head of M&A from his own boutique corporate finance firm.

Thought of the Week - Your new beachfront property

Thought of the Week - Your new beachfront property

15 October 2021 | Insights

This summer, we had so many floods all over the world that it became hard to count. But the costs to taxpayers and insurance companies are real. Aon estimates that insured losses from natural disasters worldwide in the first half of 2021 were $42bn. Then the European floods hit, which added another $2-3bn in losses to insurance and reinsurance companies. And those are just the insured losses. The true economic losses are likely to be about ten times higher than that. In the United States alone, taxpayers are estimated to have paid $99bn in 2020 for emergency relief. And 2021 is shaping up to be even more expensive.

Thought of the Week - Hiring lotteries

Thought of the Week - Hiring lotteries

08 October 2021 | Insights

Every so often, you read about yet another experiment where monkeys were used to pick stocks for a portfolio and that portfolio outperformed the ones selected by professional investors. I wrote about such an experiment in jest a couple of months ago. But as is now widely known, simple equal-weighted portfolios with random assets tend to outperform more sophisticated ‘optimised portfolios’. The reason behind this phenomenon is that in practice, it is very, very hard to forecast which stock is going to outperform other stocks in the same industry, region or market overall. There are some indications we can get from analysing a stock that allow us to shift the odds in our favour, but truth be told, the uncertainty around any kind of stock market prediction is so large that in practice the odds shift very little if at all.

Thought of the Week – Social interaction gets you a better deal

Thought of the Week – Social interaction gets you a better deal

01 October 2021 | Insights

We all know that people are susceptible to soft forms of influence. Why do you think companies spend tons of money on wining and dining their clients and why do more and more companies introduce rules that their employees cannot accept gifts worth more than a certain amount?

Thought of the Week - International spillovers: It’s mostly in your head

Thought of the Week - International spillovers: It’s mostly in your head

24 September 2021 | Insights

When I was much younger than I am now, and still enjoyed the benefits of youth like a concave belly, we used to say that when the US sneezes, the rest of the world catches a cold. Today, that still is true, but the same can also be said about China – at least if you live in Europe or Asia.

Thought of the Week - Hold my beer

Thought of the Week - Hold my beer

17 September 2021 | Insights

CEOs aren’t the kind of people that are commonly known for their humility. Instead, many are type-A personalities who are extremely competitive. But in some instances, competitiveness can go too far, and, in an effort to outdo their peers, CEOs start to make poor decisions. It’s the classic ‘hold my beer’ moment, where one CEO sees some other guy do something stupid and then decides he can top that.

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