Liverpool car hire firm valued at £110m on AIM

Liverpool vehicle hire and legal services firm Anexo has been listed on AIM with a value of £110m.

RSM’s capital markets team advised Anexo on its IPO raising £25m and valuing the group at £110m.

Anexo Group is a specialist integrated credit hire and legal services group focused on providing replacement vehicles and associated legal services to customers involved in a non-fault accident.

The group was founded and is led by Alan Sellers, a qualified barrister who has played a key role in the development and management of the business since its launch.

The company intends to use the new proceeds from the placing to expand its operations.

The directors believe there are a number of opportunities to grow market share, increase capacity, expand its fleet of vehicles and enter new regions in England and Wales.

The RSM capital markets team, led by partner Paul Watts with support from Ed Pipe, Laura Quinn and Steve Radcliffe.

Paul Watts said: “Anexo has built a solid business by differentiating itself in the credit hire and legal services market.

“The company’s admission to AIM provides a great opportunity for Anexo to scale up its activities and expand into new markets.

“It has been a great pleasure working with Alan and the team and we wish them well in the next stage of their development.”