We are delighted to have advised Peel Hunt Limited on their IPO.
Peel Hunt is a leading specialist UK investment bank with more than 30 years of unbroken profitability and a consistent track record of investment and growth across its business. Each of its three divisions, Investment Banking, Research & Distribution and Execution & Trading, is a leading participant in its respective markets.
The IPO was designed to provide capital to continue Peel Hunt’s growth, provide a market for the Company to raise capital and Shareholders to obtain liquidity, allow the Company to provide transparent equity incentives to help attract and retain staff and raise Peel Hunt’s profile.
The Company raised a total of £112m, of this £72m was receivable by selling shareholders and £40m was receivable by the Company and will be used to fund future increases in regulatory and working capital requirements, continue growth in Peel Hunt’s activities and establish a presence in the European Union, and continue investment in technology.
Peel Hunt is a sophisticated business that underwent a complex set of changes in order to convert from a partnership to a corporate structure. Working within a large team of professional advisers, we drew upon our detailed knowledge of corporate governance, the AIM Rules and the City Code to help the business achieve its admission to AIM and complete its fundraising within a tight timetable.
