Zeus leads Aussie fashion site MySale to market
ZEUS Capital, the Manchester firm, is leading the AIM listing of high-growth Australian fashion retailer MySale, which is backed by Top Shop owner Sir Philip Green.
MySale, which runs online flash sales, has recently acquired a UK business called Cocosa, has 11 sites including Australia, New Zealand, Singapore, Malaysia, Thailand, South Korea and the US.
It is seeking to raise £40m through a share placing on AIM, using the funds to increase marketing initiatives, enter new markets, invest in its warehouses and also make “opportunistic strategic acquisitions”.
MySale chief executive Carl Jackson said: “MySale comes to the market as the first global international flash Sale retailer of scale. Having built a growing and profitable business from our established sites in Australia, New Zealand and South-East Asia, we have now established an office in the UK to take advantage of the significant opportunities available to us in the US and UK markets.”
Billionaire Top Shop boss Sir Philip Green acquired a 25% stake in the company earlier this month.
Zeus, which was a major winner at The Rainmaker Awards for corporate finance last week, is joint broker and joint bookrunner for the IPO.
The Manchester firm has enjoyed major success this year with the small-cap AIM market. Its IPOs include Conviviality Retail, Boohoo.com, 4dpharma, and most recently Flowtech Fluidpower.
