Singer Capital Markets acted as Nominated Adviser and Sole Broker to FreeAgent on their IPO on AIM in November 2016 raising £10.7 million with a market capitalisation of £34.1 million.

Following its IPO 2 years later, Singer acted as exclusive sell-side adviser and Rule 3 adviser to FreeAgent under the Takeover Code in relation to the recommended offer by RBS BidCo, a wholly owned subsidiary of RBS, at an Offer Price of 120 pence in cash for each FreeAgent Share, valuing the Company at £53 million. The transaction was RBS’ first Acquisition since the 2008 financial crash.

FreeAgent provides micro businesses, defined as sole traders and companies with fewer than 10 employees and their accountants, with a dedicated SaaS solution that puts businesses in charge of their finances, allowing them to see the big picture and automatically generating their tax returns. FreeAgent caters for all of their business finance requirements, from time slips to tax returns and quality after-sales support.