Liberum appointed as Nominated Adviser and Sole Broker to Yü Group plc
We are pleased to announce that Liberum has been appointed as Nominated Adviser and Sole Broker to Yü Group plc (“Yü Group”) with immediate effect.
Yü Group (the “Yü” or the “Group”) is an independent B-2-B multi-utility of gas, electricity and water. The Group is continuing to bring on complementary offerings such as EV charging and smart meters and is focused on servicing SME businesses throughout the UK. The Group has the capability to service all businesses from Industrial and Commercial (“I&C”), through the Mid-market Small and Micro SME. In the year to 31 December 2021, the Group generated revenues of £155m and a profit after tax of £4.5 million serving 31,862 meters points. The four months ending 30 April 2022 has seen significant revenue growth, at improved profit margins, compared to the same period in 2021. This provides management with high confidence for the remainder of FY2022. Average monthly bookings for the four months to 30 April 2022 stood at £13.0m, up 81% compared to the same period in 2021.
Liberum has been appointed as Nominated Adviser and Sole Broker.
Investment Banking – Edward Mansfield, Will Hall, Cara Murphy
Research – Joe Brent, Alex da Silva O’Hanlon
Sales – Will Game
CIR – Marcio Remedios
Legal – Alice Foster