Deals round-up: Zeus takes AIM; The Rainmaker Awards & more
ZEUS Capital has continued its recent golden run on AIM with a £10m fundraising for Yorkshire-based client ITM Power.
Manchester-based Zeus Capital is nominated advisor and sole broker to the clean-tech company, which will be using the equity to accelerate the roll-out of its elctrolysis technology into global markets.
Shares in another Zeus client – parcel delivery group DX – are due to start trading on AIM on Thursday this week.
The £193m DX deal is the largest corporate fundraising on AIM since 2006, and when trading begins Zeus will have acted on three of the largest five deals on AIM in the last 12 months.
The Manchester office of law firm DLA Piper advised Zeus on the DX IPO.
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TICKETS are selling fast for TheBusinessDesk.com’s inaugural Rainmakers Awards at the Midland Hotel in Manchester on May 22.
The awards, which offer a fresh approach to celebrating excellence in the corporate finance community, are being delivered in partnership with Out There Events.
The peer-to-peer element of The Rainmaker Awards is unique. The shortlisted teams and deals will be picked by the deals community, who will then vote online to pick the winners.
Chris Barry, editor of TheBusinessDesk.com said: “The Rainmaker Awards has created a lot of interest in the community, and we are really pleased with the response to the new concept.
“I am sure The Rainmaker Awards will be a highlight for the region’s financial and professional community in 2014.”
To book tickets please contact Catherine Craven at catherine@outthereevents.com
For sponsorship details please contact leej.walker@thebusinessdesk.com
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LLOYDS Bank’s Liverpool-based strategic finance and commercial banking teams alongside Barclays and Royal Bank of Scotland provided an £80m funding package to Manx Telecom to support the Isle of Man telecommunications provider’s IPO.
The funding includes a term loan of £70m to repay outstanding senior debt and loan notes, and a £10m revolving credit facility to provide the company Manx Telecom with additional funding to pursue new growth opportunities including a roll-out opf $G connectivity.
Glenn Bemment, area director for Lloyds Bank commercial banking in Liverpool, said: “”The business is well positioned to capitalise on the growing demand for 4G, faster broadband and data hosting services.”
