Liberum acted as Nomad, Joint Broker and Joint Bookrunner on the AIM IPO of technology company Gloo Networks plc (Ticker: GLOO LN), whose shares were admitted to trading Aug. 11.
The listing raised £30m before expenses, to be used to provide due diligence and working capital prior to one or more subsequent acquisitions.
Gloo intends to acquire and operate trusted consumer brands in the media sector, initially with an enterprise value in the range of £250m to £1bn, with a focus in the UK, the US and to a lesser extent Europe.
These brands appeal to attractive socio-economic groups and, through the use of data and technology, Gloo aims to transform these businesses to fully realise their digital potential, thereby unlocking value and increasing profitability.
The company is led by digital transformation experts Rebecca Miskin (Chief Executive Officer), formerly Digital Strategy Director and Change Agent at Hearst Magazines UK, and Juan Lopez-Valcarcel (Chief Product and Operations Officer), who was previously Chief Digital Officer for Pearson International.
Company website: www.gloonetworks.com
Liberum team for Gloo Networks:
Investment Banking: Neil Elliot, Chris Clarke, Jonathan Wilkes-Green
Sales: Julian Collett, Jeremy McKeown, Archie Soames, Natalia Lipecka
Research: Jason Holden, Andy Bryant
Corporate Access: Lynsey Cox
Press Enquiries: Redleaf Polhill