Liberum acts as Sole Bookrunner on Footasylum IPO

31 October 2017 | IPO

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Liberum is pleased to announce the successful completion of a Placing and Admission to AIM for Footasylum plc, raising gross proceeds of circa £65m.

Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails “on-trend” product ranges which are predominantly aimed at 16 to 24 year old fashion-conscious customers and are sourced from an extensive stable of third party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.

Following a strong cornerstone marketing process, Liberum produced a detailed pre-IPO research report, and organised a ten day management roadshow, including two site visits, with quality potential investors. A strong book of demand was delivered, with the placing being significantly over-subscribed, allowing the deal to be priced at the top of the indicated valuation range.

The share register is composed of high quality institutions and strongly focused on those investors who met and engaged with management during the roadshow.

Liberum acted as sole bookrunner on this IPO.

Liberum Team

Investment Banking – John Fishley, Jill Li, Lucy Sharma, William Hall

Research – Wayne Brown, Adam Tomlinson

Sales – Julian Collett, Gerard O’Doherty, Oliver Baxendale, Seb Fernandez

Corporate Access – Marcio Remedios

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Liberum is pleased to announce its appointment as Joint Broker to Ricardo plc

25 October 2017 | Joint Broker


Ricardo is a global engineering, technical, environmental and strategic consultancy business. The Company also manufactures and assembles niche, high-quality and high-performance products, and counts companies such as McLaren, Ford and the US Army as its clients.

Ricardo offers its services to clients active in sectors such as: Automotive, Commercial Vehicles, Defence, Energy & Environment, Motorsport, Motorcycle and Off-Highway Vehicles.

The Company is listed on the Main Market of the London Stock Exchange, and has market capitalisation of c. £450m.

Liberum has been appointed as Joint Corporate Broker alongside Investec, with immediate effect.

Liberum Team

Investment Banking – Richard Crawley, Robert Morton, Richard Bootle, Dominik Götzenberger

Sales – Oliver Baxendale

Research – Ben Bourne, Rory Smith

Corporate Access – Marcio Remedios

+44 (0) 20 3100 2000

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Liberum acts as intermediary on £140m Tender Offer by Zegona Communications plc

11 October 2017 | Intermediary


Zegona returned £140m to shareholders by way of a tender offer at a price of £2.00 per share.

The non-US tender offer was implemented by Liberum, acting as principal, acquiring the successfully tendered shares and a subsequent repurchase of the tendered shares from Liberum  by the Company by way of an on-market transaction on the London Stock Exchange.

Zegona (the “Company”) was established in January 2015 with the objective of acquiring businesses in the European TMT sector with a “Buy-Fix-Sell” strategy to deliver attractive shareholder returns. Following Zegona’s sale of Telecable to Euskaltel in July 2017, the consideration for which included cash of €186.5m, the Company committed itself to return cash to shareholders quickly and tax efficiently.

Equities – David Parsons

Investment Banking – Richard Crawley, Cameron Duncan, Tom Bacon, Jonathan Wilkes-Green

Operations – John Truscott, Anthony Schia, Rob Simpson, Mark Proctor, Chris Metcalfe

Legal – Rebecca Gordon

+44 (0) 20 3100 2000

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UK Companies in Electric Vehicle & Energy Storage Conference

09 October 2017 | Expert Access


Last week Liberum hosted it’s second Electric Vehicle and Energy Storage conference for institutional investors. The conference featured nine UK based companies involved in the EV and energy storage megatrend  including: Moxia and Sonnen (home and utility battery storage), RedT (vanadium redox flow machines), Ceres Power (solid oxide fuel cells), Johnson Matthey (lithium-ion cathode materials), Oxis Energy (lithium sulfur batteries) and Chargemaster and Zapinamo (fast charging). We also had National Grid setting the scene. 

If you would like to know more, please contact:

Adam Collins on +44(0)20 3100 2075 or email

Liberum adds value with Expert Events

20 September 2017 | Expert Access


Liberum has a rolling program of events aimed at introducing industry experts and interesting private companies to investors, through a series of one-on-one meetings, expert events and sector conferences. As an indication, recent events include meetings with: a major private housebuilder, a Tory MP, the biggest housebuilder you’ve probably never heard of, three new entrants seeking to disrupt UK banking, and PwC’s Head of Cyber Security.

“And that’s just a handful of them. It’s been a busy year to date” commented Mark James, Head of Expert Access at Liberum Capital. “We have hosted over 300 institutional clients at around 25 events and meetings over the first nine months of 2017, across a diverse range of client issues.”

The upcoming Q4 program includes conferences on Electric Vehicles; Property Portals and Motor Finance (and that’s just the next few weeks). 

About Liberum

Liberum is an independent investment bank with offices in London and New York.
Our Equities division provides sales, research and trading services to institutional investors, specialising in All-Cap Pan-European equity research across ten pillars, with deep sector knowledge. Our Investment Banking division provides advice and execution services to UK plcs, including corporate broking, equity capital markets and M&A.

If you would like to know more, please contact:

Mark James
Head of Expert Access
+44 (0) 20 3100 2084


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Liberum is pleased to announce its appointment as Nomad and Joint Broker to Frontier Developments plc

15 August 2017 | Nomad and Joint Broker

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Frontier Developments plc, listed on AIM, is a leading independent creator of self-published videogame franchises founded in 1994 by David Braben, co-author of the seminal 'Elite' game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on videogame consoles and personal computers. The Company has launched two successful games franchises, Elite Dangerous and Planet Coaster, and is set to launch a third franchise using IP from a major Hollywood studio.

Liberum Team
Investment Banking – Neil Patel and Cameron Duncan
Sales – Oliver Baxendale
Research – Andrew Byrant
Corporate Access – Marcio Remedios

+44 (0) 20 3100 2000

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Twitter: @LiberumToday

LinkedIn: Liberum