Liberum acts as Sponsor, Global Co-ordinator and Joint Bookrunner on Chrysalis Investments’ £300m fundraise
We are pleased to announce that Liberum has acted as Sponsor, Global Co-ordinator and Joint Bookrunner on a placing, open offer, intermediaries offer and offer for subscription to raise £300 million for Chrysalis Investments Limited (the “Company”) through the issue of 146m shares at 205p. Numis acted as Joint Bookrunner alongside Liberum.
Chrysalis Investments is a FTSE 250 listed investment company focussed on generating long-term capital growth and providing investors with exposure to some of the world’s leading technology companies. Shares in the fund managed by Richard Watts and Nick Williamson of Jupiter Asset Management have more than doubled in the last year, boosted by the flotation of The Hut Group (THG) and recent valuation hikes following funding rounds for portfolio companies Klarna and Starling bank.
The net proceeds of the raise will be used to add already identified exciting new investments to the Company’s portfolio, helping to drive value and increase diversification, as well as enabling it to pursue follow-on opportunities from the existing portfolio which have helped underpin the Company's strong overall performance.
Liberum IPO’d Chrysalis in November 2018 raising £100m to invest in pre-IPO companies. Since IPO, Liberum has helped the Company raise a total of £770m.
Board – David Parsons
Investment Banking – Gillian Martin, Lauren Kettle, Owen Matthews, Louis Davies, Nikhil Varghese, Anthony Schia
Sales – Andrew Davies, Jack Kershaw, James Shields
Legal – Rebecca Gordon, Alice Foster
Corporate and Investor Relations – Georgina Wood