essensys plc: £72 million AIM IPO and £75 million raised since admission

Home essensys plc: £72 million AIM IPO and £75 million raised since admission

essensys plc

Singer Capital Markets is delighted to have acted as Nominated Adviser and Sole Broker to essensys on their £72 million AIM IPO raising £28 million on admission in an oversubscribed fundraise.

£72 million AIM IPO for essensys plc raising £28 million on admission

Singer Capital Markets acted as Nominated Adviser and Sole Broker on essensys’ admission to AIM in May 2019, with a market cap of £72.6 million and Placing Price of 151p per share. The fundraise on admission was significantly oversubscribed, exceeding the targeted amount of £18 million. Proceeds were used to repay all outstanding debt, support organic growth and fund future M&A opportunities. Singer Capital Markets has since raised an additional £47 million for the company through two secondary Placings in April ’20 & Jul ‘21, despite COVID-19 and Brexit tailwinds.

About essensys

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys’ software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations.

The Singer Capital Markets team has done an exceptional job in holding our hands and went above and beyond to ensure a successful IPO of the business. Nothing was left unsaid and nothing was left to chance.

2.1 x

Oversubscribed fundraise on admission, exceeding the targeted amount by £10 million

75 m

Raised for the company since IPO, including two Secondary Placings in April 2020 & July 2021.

72.6 m

Market cap on admission