Dear visitor,
You're reading 1 of your 3 free news articles this quarter
Register with us for free to get unlimited news, dedicated newsletters, and access to 5 exclusive Premium articles designed to help you stay in the know.
Join the UK's leading credit and lending community in less than 60 seconds.
FRP Advisory to list on AIM
London-based restructuring and insolvency firm FRP Advisory has raised £80m after floating on the Alternative Investments Market (AIM), according to its statement to market.
Editor at Credit Strategy. Previously held roles at Accountancy Age, Accountancy Daily and the Leicester Mercury.
Editor at Credit Strategy. Previously held roles at Accountancy Age, Accountancy Daily and the Leicester Mercury.
Based on the placing price, the market capitalisation of the company will be £190m on admission. As part of the float, the firm’s top partners including chief executive Geoff Rowley will sell £60m of shares.
The partners will retain 50 percent of the firm. Fund managers Premier Miton and Liontrust are buying some of the shares, while Cenkos Securities is leading the float, which starts trading next month.
Rowley, chief executive of FRP Advisory, said: "The IPO represents an important next step in our development, which will further enhance our profile and ongoing growth. There are a range of exciting growth opportunities as we continue to grow our office footprint and attract new talent.”
Stay up-to-date with the latest articles from the Credit Strategy team
READ NEXT
Women in Credit Conference 2024 launches
Via Atal: Unlocking global growth
The Budget - 2p National Insurance cut confirmed by the Chancellor
ENJOY READING?
Member of
Get the latest industry news
Permission Statement
