Newgate advises on Autins Group IPO
Newgate Communications advised Autins Group, a manufacturer for automotive companies, on its AIM IPO on 22 August 2016.
The Newgate team, led by partner Adam Lloyd and supported by associate partner Madeleine Palmstierna and account director Helena Bogle, has been retained to support the business with its financial communications and investor and media relations requirements.
Lloyd said: “We are delighted to have been appointed by Autins Group to manage its IPO and ongoing communications in what was the largest AIM IPO since Brexit. Autins is at a very exciting stage of its development, and the strong support it gained in its oversubscribed placing is testament to the quality of the business and to the appetite investors have for exciting UK-companies coming to the public market.”
Rugby-based Autins Group creates products for companies including Bentley, Range Rover and Honda. It raised £26.6m, in part to fund investment in new product lines and equipment and to support future growth.
Jim Griffin, chief executive officer at Autins Group, added: “Newgate has given us exceptional support and guidance throughout the IPO set-up and implementation. The IPO process was new to all involved at the Autins Group; having Adam Lloyd and his team manage us along the way made the experience as easy as possible and the team were highly knowledgeable and a delight to work with. We are incredibly pleased with the outcome of the IPO and look forward to working towards expanding Autins Group plc further with the assistance of Newgate.”
Newgate recently advised on the IPO of robot software developer Blue Prism.