Liberum acts as Nominated Adviser and Sole Bookrunner on the AIM IPO of CT Automotive Group plc, raising £34m

We are pleased to announce that Liberum has raised c.£33.6 million in connection with the AIM IPO of CT Automotive Group plc (“CT Automotive” or the “Group”). The shares were admitted to trading today, 23 December 2021.

Logo (1)

CT Automotive is engaged in the design, development and manufacture of bespoke automotive interior finishes and kinematic assemblies, as well as their associated tooling, for the world’s leading automotive original equipment suppliers ("OEM") and global Tier One manufacturers.

CT Automotive’s operating model enables it to pursue a price leadership strategy, supplying high quality parts to customers at a lower overall landed cost than its competitors. This has helped the Group build a high-quality roster of OEM end customers, both directly and via Tier One suppliers including Faurecia and Marelli. End customers include volume manufacturers, such as Nissan, luxury car brands such as Bentley and Lamborghini, and electric car producers, such as Lucid.

On Admission, the market capitalisation of the Group was approximately £75 million.

The successful raise of approximately £33.6 million (the “Placing”) was supported by high-quality institutional investors. The net proceeds of the Placing will be used to fund the full repayment of the Group’s existing term debt facilities and substantially reduce existing overall debt. This is expected to help unlock the Group’s free cash flow, supporting the next phase of its growth and facilitate the pursuit of strategic growth opportunities. These opportunities include enlarging its facilities in Europe and North America, taking on an increased number of new programmes, increasing R&D expenditure and entering more strategic partnerships.

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.

Liberum Team

Investment Banking – Richard Lindley, Ben Cryer, Chris Whitaker, Anthony Schia

Sales – Julian Collett, Simon Fickling, Alistair Smallwood, Oliver Baxendale, Joel Knight

Research – Christian Hinderaker

Legal – Alice Foster

CIR – Connie Owens

Settlement – Rob Simpson, Mark Proctor

Sales Trading – Mark O’Hara

New York


Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY

New York

20th Floor 575 Fifth Avenue New York NY 10017