Independent corporate finance and investment advisory firm, specialising in smaller quoted and larger unquoted companies
20 January 2006
Merchant Capital plc is pleased to announce the successful completion of its first transaction on Ofex, the independent stock market for small and medium enterprises.
Merchant Capital, which became authorised as an Ofex adviser in October 2005, handled the pre-float fundraising and market introduction of Allura plc, a new investment vehicle set up to make acquisitions or investments in the financial services sector. A total of £230,000 was raised in this pre-float fundraising in a mixture of equity and convertible loan notes.
Allura’s Ofex arrival is the latest in a series of successful corporate finance transactions handled by Merchant Capital in recent months, previously all on the AiM market
Merchant Capital Chairman, Peter Redmond said “Merchant Capital provides comprehensive and innovative corporate finance services to smaller quoted companies. The development of Ofex under the PLUS Markets team is providing small businesses with a real alternative to AiM and we view it as an important element in our offering. We are continuously approached by companies looking to reverse into investment vehicles such as Allura and we look forward to working with Allura as it evaluates such opportunities”.
For further information contact:
Peter Redmond, Chairman, Merchant Capital plc: 020 7332 2200
Allan Piper, First City Financial Public Relations: 020 7436 7486, 07736 064 982
Merchant Capital Limited
Aldermary House
10-15 Queen Street
London EC4N 1TX
United Kingdom
Tel: +44 (0)20 7332 2200