Zeus scores double with Safestyle’s AIM listing
ZEUS Capital says the successful stock market debut of double glazing firm Safestyle UK means it has been behind two of the three biggest AIM IPOs this year.
Having uncorked a deal for Bargain Booze owner Conviviality Retail in September, the Manchester-based Zeus team was also behind the listing of Yorkshire’s Safestyle, which raised £77m and saw its shares rise 39% to 139p on Wednesday.
The firm, has raised more than £150m for corporate clients in 2013 and is optimistic of further traction in the next 12 months.
Tremayne Ducker, head of private company and private equity said: “This demonstrates the strength in depth of both the private equity team and the equity capital markets team working in tandem to deliver a successful executed transaction within a short timeframe.
“Given the strength of the pipeline we expect to make further substantial progress in 2014.”
The firm is also working with high-growth Manchester-based online fashion retailer Boohoo.com, which has confirmed plans to list in early 2014.
