Corporate branding firm is preparing for £220m float on AIM

Pebble

A firm which specialises in branded merchandise for the corporate market is hoping to raise £180m when it floats on  AIM next year.

Manchester based Pebble Group was formed to hold private equity firm Elysian’s investments in the promotional products sector.

The business, which is part owned by its executive team, will be valued at £220m when it is floated on the market, according to reports.

The management team are expected to make £40m from the flotation.

Pebble leads the market in the design, sourcing and distribution of promotional merchandise to large corporates.

It works in the automotive, engineering, health and beauty, FMCG, technology and financial services industries.

The firms offer includes hosted webshops which can be stand-alone or integrated with clients’ intranets and e-procurement systems.

Pebble works with many of the world’s leading brands where ethical sourcing, creativity and quality are paramount.

The business has offices in the United States, Germany, Turkey, Russia and China.

Since acquiring Gateway in the US in January 2016, the business now has facilities across US, Europe and Asia.

Following the investment, Elysian supported management in the acquisition of Facilis Group in November 2018.

Facilis provides IT and supply chain services through a subscription based model to over 120 entrepreneur led distributor businesses in North America.

The group was recently rebranded as The Pebble Group, retaining the Facilis and Brand Addition brands, given their market leading positions, to focus on their respective specialist sectors of the promotional products sector.

Chief executive Chris Lee said: “With Elysian we believe we have a partner who can help us to continue the business’s growth both UK and international. Elysian’s strong and consistent interest in the business and added value operating partner approach were very appealing and we look forward to the continuation of our growth with Elysian.”

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