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AnaCap’s Aldermore floats at top of pricing range

AnaCap Financial Partners, the specialist European financial services private equity firm, is delighted to confirm the successful pricing of Aldermore Group’s initial public offering on the London Stock Exchange.

Aldermore today announced the pricing of its IPO of 117,934,783 Ordinary Shares at 192 pence per Ordinary Share – near the top of the 175-195 pence range. Aldermore’s market capitalisation at the offer price is approximately £650m.

Aldermore has grown strongly since it was founded by AnaCap in 2009. AnaCap led a strategy that transformed the business from a niche UK bank into a technically sophisticated, multi-product institution that is considered one of the country’s leading “challenger banks”, providing loans to SMEs and retail customers. Last month Aldermore announced it had almost doubled pretax profits to £50.3m in 2014 from £25.7m the previous year. Net lending to customers grew 42% to £4.8bn pounds.

The IPO represents a partial exit for AnaCap, which has agreed to lock-up arrangements in respect of their remaining holdings of shares for specified periods of time following admission.

Fabrizio Cesario, Partner of AnaCap, commented:
“Aldermore has delivered exceptional growth in recent years, providing much-needed lending to SMEs and homeowners at a time when traditional sources of credit have been more constrained. We are delighted to continue our close relationship with the company during this exciting next phase in its development.”

Please find the Aldermore RNS announcement at the following link:

To date, Equus has advised on more than 250 transactions, totalling €26bn of enterprise value and has supported numerous investor relations and brand management programmes. We look to partner with businesses, either on single mandate or a full advisory basis, that do not compete directly with other clients, and where we are confident that we will add real value.

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Jeudi 12 Mars 2015