Software supplier Proactis, which develops specialist spend management solutions for businesses and public sector organisations and counts the likes of HMV and the NSPCC amongst its client base, has floated on AIM having completed a £4 million fundraising, at 43p, arranged by broker Teather and Greenwood.
Andy Makeham is chief executive of K3 Business Technology Group, an enterprise software firm that’s successfully diversified into retail and distribution markets.
To successfully float on the stock market, your business must be inspiring enough to attract new cash and robust enough to withstand the rigours of the publicly-quoted world. More importantly, you need the best advisers – and we’ve found them.
Recruitment specialist Work Group, founded by executive chairman Simon Howard and colleagues with £1 million in 2000, intends to raise £7 million through an AIM float in March.
ISIS Equity Partners is looking to raise up to £20 million for a new Baronsmead- branded venture capital trust, which will focus its efforts on backing AIM listed businesses and will launch in February.
Serial investor, entrepreneur and rugby club owner Nigel Wray is looking to raise £10 million for The Greenhouse fund, an environmentally friendly investment business planning to float on AIM in early January.
Recent months may have seen a flurry of new investment concerns with no trading businesses of their own arrive on the market, yet AIM companies continued to pay their chief executives an average of £137,000 last year, according to new research from Growth Business’ sister publication Growth Company Investor.
Private equity house Dunedin Capital is on the verge of securing an £11.2 million cash windfall, as a result of portfolio company Davenham’s imminent £65 million AIM flotation.
Denver-based Direct Petroleum plans to raise £43 million, with the aid of broker Williams de Broe, for exploration in Morocco and Bulgaria before listing on AIM.
Mediterranean Oil & Gas, chaired by Aussie entrepreneur David Lenigas, is bound for AIM after raising £11.7 million from investors with the aid of broker WH Ireland, in a placing at £1.
