The Michelmores capital markets team has advised nominated adviser and broker Allenby Capital on Vector Capital plc’s recent £3.1m placing and admission to trading on AIM. Vector Capital, which will join AIM with an initial market capitalisation of £16 million, is a commercial lending group that offers secured loans primarily to businesses located in the United Kingdom.
The Michelmores team was led by London corporate partner, Ian Binnie, with support from corporate associate, James Whistler.
James Reeve, director, corporate finance at Allenby, commented:
“We again turned to Ian Binnie and the Michelmores team to support the Vector IPO knowing that their technical excellence and extensive current experience in UK capital markets combined with their ability to provide commercial solutions would offer real value to the deal team.”