London Stock Exchange welcomes K3 Capital Group plc to AIM
London Stock Exchange welcomes K3 Capital Group Plc, a leading business and company sales specialist in the UK, to its first day of trading on AIM.
K3 Capital Group joins AIM having successfully raised £17.8 million, comprising £2.1 million new money for the Company and £15.6 million from vendor sell down. The book was significantly oversubscribed and the Company joins the market with a high quality register of blue chip institutions. The Company's market capitalisation was £40.1 million on admission.
K3 has grown to become a leading M&A adviser to SME owners across a broad spectrum of business and company sales methodologies in the UK. The Company is highly ranked by deal volume within well-respected and industry-recognised adviser UK league tables, including Thompson Reuters and Experian.
Post-IPO, the Company will continue to implement its successful growth strategy predicated on quality data, effective marketing and professional sales strategies, coupled with its low cost and scalable operating platform.
finnCap acted as Nominated Adviser and Sole Broker to the Company.
John Rigby, Chief Executive Officer, said:
"Today marks a very exciting new phase in K3's development. K3 is a leading 'all of market' company sales specialist with a strong brand and is a highly cash-generative business with further growth potential. The Group has a clear strategy to deliver a number of growth opportunities and believes that Admission will be an important step in realising these ambitions."