London Stock Exchange welcomes Manolete Partners Plc to aim
Manolete Partners Plc, a leading UK insolvency litigation financing business, celebrated its admission to the AIM Market as it opened the trading day at London Stock Exchange on Friday 14 December.
Manolete focuses exclusively on acquiring or funding insolvency and insolvency-related claims in the UK and was founded in 2009 by its CEO, Steven Cooklin, a UK Chartered Accountant.
Manolete has raised £29.3 million (before expenses) from a placing of new shares and sell down of a proportion of existing shares giving the company a market capitalisation of £76.3 million. The IPO will enable the Company to invest in more and larger cases through an expanded regional network.
Manolete was ranked in the Financial Times' Europe's Fastest Growing Companies 2018. The Company has been shortlisted for ‘Insolvency Litigation Funder of the Year’ at the Turnaround, Restructuring and Insolvency Industry Awards in each of the last three years and was the winner on two occasions.
Steven Cooklin, Chief Executive Officer, commented,
"I am very proud to see Manolete join AIM today. Since 2009, we have grown to become a major player in the insolvency litigation financing market. Our listing on AIM comes at an exciting time and we now have a real opportunity for accelerated growth and to build on past achievements. I am greatly looking forward to life as a listed business and would like to extend thanks to my colleagues and business partners for their continued support."