On 21 June, Phoenix UK Fund Ltd announced a mandatory cash offer for Hornby Plc following the acquisition of a 20.86% stake of Hornby from New Pistoia Income Settlement.
Hornby develops, manufactures and supplies hobby and toy products for a global market, with a collection of truly iconic brands spanning model railways, slot racing, die-cast models and plastic model kits. Hornby’s brands include Scalextric, Airfix, Corgi and Hornby.
Phoenix UK Fund is managed by Phoenix Asset Management Partners, a specialist fund management company founded in 1998 By Gary Channon, who acts as Chief Investment Officer. Last year Liberum acted as sole bookrunner on the three placings completed by Aurora Investment Trust, a fund managed by Phoenix.
This is the second public takeover offer Liberum has acted on in 2017.
- Shane Le Prevost
- Neil Patel
- Neil Elliot
- Ben Roberts
+44 (0) 20 3100 2000