Numis acts as Sole Bookrunner and Nomad to Ashtead Technology Holdings plc (“Ashtead Technology”) on its AIM IPO.
“This deal underlines our expertise in and commitment to supporting small cap IPOs and the AIM market in general. Ashtead Technology is at the forefront of the energy transition, supporting its customers to install and manage offshore wind farms and decommission end of life oil & gas subsea infrastructure. We are delighted to have been able to support such an exciting and innovative business so comprehensively.”
Numis played a critical role on the IPO, leading the process and undertaking a detailed investor engagement exercise, resulting in a high-quality, long-term shareholder register to support the company on its growth ambitions as a listed business.
The total deal size equated to c. £51.6m, and consisted of a primary offering of c. £15.5m and a secondary offering of c. £36.0m. Proceeds from the primary offering will provide capacity for the company to continue its clear and focused bolt-on acquisition strategy.
“The IPO represents a significant milestone for Ashtead Technology and provides us with the right platform to execute our growth strategy. Numis’ deep understanding of the public markets and commitment to the deal was critical to the success of the IPO in a challenging market, and we look forward to working with the Numis team as we embark on life in the public markets.”
The Numis deal team was led by Julian Cater, George Price and Jonathan Abbott.
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