Michelmores’ Corporate Finance team has been advising a new investment company which has successfully completed its listing on the AIM market today. Limitless Earth plc has joined AIM with a £3.2m listing. The business has been founded to make investments in companies, either through controlling or minority stakes, where changing demographics are an important driver of growth.
Investment opportunities include renewable energy firms, as bigger populations use up more resources, or dietary supplement and healthcare providers, helping aging societies keep fit. Internet providers, in demand from growing middle class communities and emerging markets, are also a target.
Corporate Finance Partner Richard Cobb, led a team including Alex Watson, Andrew Feather, Caroline Lavis and Kieran Van Bussel on the transaction from Michelmores’ London and Exeter offices. The firm has been retained to advise on the portfolio acquisitions.
Richard Cobb, Corporate Finance Partner commented:
“This is an example of the increased capital markets activity in the Corporate team, which advises Full List and AIM-listed companies on fundraisings and mergers, acquisitions and takeovers, as well as on EIS issues. We are delighted to support the investment company going forward on its continued growth.”
The financial advisor on the listing was Cairn Financial Advisers LLP and Welbeck Associates provided the accountancy advice.
Commenting on the transaction, Dominic White, CEO of Limitless Earth plc said:
“Some of the team at Limitless Earth have worked with Michelmores on several AIM transactions in the past and so Michelmores came heavily recommended – the team was a pleasure to work with and extremely knowledgeable and efficient”.