Liberum acts as bookrunner on a c.£28m secondary placing in DF Capital

We are pleased to announce that Liberum acted as bookrunner on a secondary placing in Distribution Finance Capital Holdings plc (“DF Capital” or the “Company”). Arrowgrass sold approximately 70.6m ordinary shares, representing 39.4% of DF Capital’s issued share capital, at a price of 40 pence per share.

DF Capital Logo

The placing was oversubscribed and received strong support from new and existing blue-chip institutional investors. The placing saw Arrowgrass sell its entire stake in DF Capital.

Founded in 2016, DF Capital is a specialist bank providing working capital solutions to small and medium-sized businesses across the UK. The Company offers a range of flexible finance products that support the growth of these businesses.

The transaction marked the third placing of the year in which Liberum has acted on behalf of Arrowgrass.

Liberum Team:

Investment Banking - Chris Clarke, Chris Whitaker

Sales - Julian Collett, Oliver Baxendale, Alistair Smallwood, Joel Knight

Research – Shailesh Raikundlia

Trading - Mark O’Hara, Nina Dixon

Legal - Alice Foster

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