Recent Transactions
Funding Secured
Technology
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The directors of Bidstack (the developer of an in-game advertising and video game monetisation platform) were seeking equity funding of £3.5m. We suggested two possible options namely funding from a VCT fund or a reverse into an AIM-listed cash shell. The directors of Bidstack decided on the latter and within four months, Bidstack had reversed into AIM-listed Kin Group plc, raising the gross sum of £3.5m with a market capitalisation at Admission of £12m.
Bidstack
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The directors of Gelion (the designer and deliverer of innovative battery technologies) were looking to raise circa £23m through a public listing. The chairman of Gelion was considering the ASX in Australia. We suggested the Alternative Investment Market in London as a better option. We then introduced Gelion to finnCap who assisted with both the pre-IPO and the IPO in December 2021.
Gelion
Asset Backed Business
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The directors of Artistic Spaces (the owner and operator of affordable workspace units in London) were keen to secure development finance but in a way that did not involve material dilution of their existing shareholdings in Artistic Spaces. Accordingly, we introduced Nash Capital Group who were able to provide funding in this way.
Artistic Spaces
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The directors of StoreAway (the owner and operator of self-storage units in the UK) were seeking start-up funding. As the units to be acquired were largely freehold, we introduced Nash Capital Group, who provided a development loan facility of £8m secured by a first charge on some of these freehold units.
Storeaway
EV
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The directors of Centaur Robotics (the designer of the Centaur, a groundbreaking electric vehicle) were seeking funding to commence production of the Centaur. We assisted with the preparation of the investment deck and introduced the directors of Centaur Robotics to a number of potential investment funds including MidVen, a venture capital fund which provides finance to early stage businesses in the West Midlands.
Centaur Robotics
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The directors of Saietta Group (the designer, engineer and manufacturer of electric vehicles (eDrive) systems for electric vehicles) were seeking Series A funding of £3.5m and Series B funding of £35m (www.saietta.com). Rather than private equity, we suggested that the best funding solution would be a pre-IPO and an IPO on the Alternative Investment Market.
We explained the pros and cons in a listing on the Alternative Investment Market. We then organised a beauty parade involving four potential nominated advisers and brokers. Canaccord Genuity won the beauty parade. We then worked in conjunction with Canaccord Genuity on a new investment deck. "Early look meetings" with institutional investors then took place which determined that it would be possible to raise the monies required through a pre-IPO (concluded in March 2021) and an IPO (June 2021) capitalising Saietta Group plc upon Admission at over £100m.
During the IPO process, we attended all of the weekly meetings to assist with the IPO process.
Saietta
Sport
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The directors of Football Fives (the owner and operator of 5-a-side football pitches in the UK) were seeking funding to develop a new 5-a-side football facility in Manchester and acquire an existing 5-a-side football facility in North London. The directors of Football Fives were keen to avoid unnecessary share dilution and accordingly, we introduced them to Nash Capital Group.
Fives
