London Stock Exchange welcomes Shawbrook
Shawbrook is a British bank, specialising in the savings and lending markets where it has solid experience and knowledge. It offers a fresh, pragmatic approach to lending and savings based upon the traditional values of respect, care, good sense and thoughtful judgement, providing loans to UK small and medium-sized businesses and consumers in sectors that are often poorly served by the large high street banks.
Since being founded in 2011, Shawbrook has lent over £2.3bn to its customers and as of 31 December 2014 had approximately £2.8bn of assets, 105,800 lending and savings customers and over 460 employees. The business is a recognised industry leader, winning 22 awards in 2014, supported by high levels of customer advocacy clearly demonstrating the appeal of its proposition to customers and business partners.
Richard Pyman, Chief Executive Officer, said: "Today is a landmark moment for Shawbrook marking the beginning of a new stage in our journey. The successful IPO and the support of the investment community is testament to our impressive growth built upon a relationship-driven proposition based on customer care and service. We believe we are well-positioned to achieve long-term sustainable growth and that Shawbrook will become an increasingly well-known name in the specialist world of British banking."
BofA Merrill Lynch and Goldman Sachs International were Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners. Macquarie Capital is a Joint Bookrunner. Keefe, Bruyette & Woods, a Stifel Company, acted as Co-Lead Manager. Slaughter and May acted as legal counsel to Shawbrook, KPMG as auditor and Instinctif Partners as financial PR advisor.