Liberum acts as Nominated Adviser and Sole Bookrunner on the AIM IPO of CMO Group plc raising £45m

We are pleased to announce that Liberum has successfully raised £45 million in connection with the AIM IPO of CMO Group plc. The shares were admitted to trading at 8:00 a.m. today.

CMO Logo

On Admission, the market capitalisation of CMO was approximately £95 million.

CMO (AIM: CMO), the UK's largest online-only retailer of building materials, is disrupting a £27 billion predominantly offline market with a digital first proposition and market leading product choice, supported by high quality customer service and technical expertise. The Group currently operates seven specialist websites,,,,,, and

The Company intends to use the net proceeds of the Placing together with its existing cash resources to provide CMO with a long-term funding model; execute on strategic opportunities, both organically and through M&A; and reduce debt and restructure the Group’s balance sheet thereby providing further flexibility to fund future growth. Furthermore, the Admission is expected to provide the Group with a platform to attract, recruit and retain key employees with further incentivisation through equity ownership and long-term incentive schemes.

The successful raise of £45.0 million (the “Placing”) attracted strong support from high-quality institutional investors. The Placing of 20,659,641 new shares raised gross proceeds of £27.3 million for the Company. The Placing of 13,431,268 sale shares raised gross proceeds of £17.7 million for the selling shareholders which include Key Capital Partners. On Admission, Key Capital Partners owned approximately 26.8 per cent; Founders owned approximately 10.4 per cent; and senior management owned approximately 6.4 per cent. of the issued Ordinary Shares.

Liberum acted as Nominated Adviser and Sole Bookrunner on the IPO, and is retained as Nominated Adviser and Sole Broker to the Company post Admission. GCA Altium acted as Financial Adviser to the Company.

Liberum Team

Investment Banking - Andrew Godber, Lauren Kettle, Louis Davies, Cara Murphy, Anthony Schia

Sales Leads - Oliver Baxendale, Al Smallwood

Research - Charlie Campbell, Wayne Brown

Legal - Rebecca Gordon, Alice Foster

CIR - Marcio Remedios

Settlements - Rob Simpson, Mark Proctor

Sales Trading - Mark O’Hara

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