Liberum acts as Nominated Adviser & Joint Bookrunner on the IPO of The City Pub Group
Established in 2011 by three well known industry veterans, The City Pub Group owns and operates an estate of 34 premium pubs across Southern England.
Liberum assisted The City Pub Group in raising pre-IPO capital to fund its pub acquisition strategy in October 2015, remained in close contact with the company over the subsequent 2 years advising them on preparations for listing, and acted as Nominated Adviser and Joint Bookrunner on its AIM IPO in November 2017.
The IPO raised c.£47m, including £35m of primary proceeds to fund its acquisition strategy, which was upsized by £5m due to a significantly oversubscribed order book. The market capitalisation of the company on Admission was £96m.
The City Pub Group marks Liberum’s 6th IPO in the consumer / leisure sector over the last 18 months and its 5th IPO in 2017.
Investment Banking – Chris Clarke, Ben Roberts, Dominik Götzenberger
Research –Anna Barnfather, Wayne Brown
Sales – Julian Collett, Oliver Baxendale, Sebastian Fernandez, Gerard O’Doherty, Lisa Tugwell, Richard Mawer, Tim Mayo
Corporate Access – Mary-Jane Clarke