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£156.5 million AIM IPO for Microlise Group plc

Singer Capital Markets act as Nominated Adviser, Sole Broker and Bookrunner to Microlise Group plc on their £156.5 million AIM IPO
Singer Capital Markets is delighted to have acted as Nominated Adviser, Sole Broker and Bookrunner to Microlise Group plc (SAAS.LN) on its £156.5 million AIM IPO and oversubscribed capital raise of £61.2 million.

About Microlise Group plc

Microlise is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.

Established in 1982, Microlise is an award-winning business with around 350 employees based at the Group’s headquarters in Nottingham, as part of a total staff of 500 globally with international offices in France, India and Australia.

Key facts

£61.2 million

raised upon admission in a significantly oversubscribed Placing

£156.5 million

market capitalisation on admission with a free float of 39.1%

Growth ambitions

The funds raised will be used to expand international business and enter new market segments

"The reason why we chose Singers is because they gave us a strong impression that they really understood the market and the IPO market in particular. They had a lot of information and guidance for us that we felt was more in our interests than in actual fact their interests."

Nadeem Raza

Chief Executive Officer of Microlise Group plc

"During the selection process Singer Capital Markets became the obvious choice for us; we'd known them for a number of years, we started to build the relationships and we were confident that the team at Singers would deliver us the results we expected."

Bill Wynn

Chief Financial Officer of Microlise Group plc

Microlise qualifies for the London Stock Exchange’s Green Economy Mark

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