Zeus advises Epwin Group on AIM float

INVESTMENT banking boutique Zeus Capital, which has an office in Birmingham, has advised manufacturer Epwin Group on its admission to AIM.

Cheltenham-based Epwin group is a manufacturer of low maintenance building products,

Zeus Capital was nominated adviser and sole broker, including on the £94m institutional fundraise. On admission to AIM, Epwin had a market capitalisation of £135m.
 
Founded in 1976, Epwin was one of the first PVC-U window fabrication businesses in the UK. The business is a vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the RMI, new build property and social housing sectors.

The company merged with the Latium Business to form Epwin Group in 2012.
 
The group, which employs in excess of 2,300 staff, reported revenues of £264m in the year to 31 December 2013. It operates from six major facilities including Telford and Tamworth in the West Midlands.
 
A team at Zeus Capital including Dominic King, Nick Cowles and Andrew Jones led the transaction.
 
King, head of the firm’s Birmingham office, said: “The £94m placing will enable Epwin to pay down debt and allow its major shareholders a majority exit, whilst the listing on AIM will provide a solid platform for its future development.

“With its strong brand and innovate business strategy, we are confident that Epwin will perform well on the public markets.”
 
Zeus Capital, which also has offices in Manchester and London, has raised more than £800m on public markets for corporate clients in 2014.

Its Birmingham office is in Brindleyplace.