London Stock Exchange welcomes Alpha Financial Markets Consulting to AIM
Alpha is a leading global provider of specialist consultancy services to the asset and wealth management industry. With over 250 consultants and contractors across nine major cities (London, Edinburgh, New York, Boston, Paris, Geneva, The Hague, Luxembourg and Singapore), Alpha has provided consultancy services to over 200 clients, including 17 of the 20 largest global asset managers by AUM and 60 percent of the top 50.
Alpha has enjoyed substantial growth in the last six years and a period of solid investment under its current ownership. The admission to AIM will allow the group to retain its strong employee and growth-oriented culture going forward and to invest more readily in its future expansion.
Alpha is joining AIM by placing 22,017,652 new and 56,364,512 existing ordinary shares of 0.075 pence each at 160 pence per share with institutional investors to raise gross proceeds of approximately £125.4 million. Based on the Issue Price, the market capitalisation will be c.£163 million.
Commenting on the listing, CEO Euan Fraser said:
"Today is the start of an exciting new phase of Alpha’s journey as a leading consultancy to the asset and wealth management industry. We are delighted to be joining the London Stock Exchange and have been very pleased at the strong response to the placing and the recognition from investors. This is a fabulous endorsement of our outstanding team of consultants."
Berenberg is Alpha's Sole Global Coordinator and Broker and Grant Thornton is Nominated Adviser. Squire Patton Boggs and Osbourne Clarke provided legal advice.