Posted: 04/03/2020
Penningtons Manches Cooper’s corporate team has advised finnCap in its role as sponsor to The Quarto Group, Inc. on an underwritten open offer on the LSE’s Main Market. It is intended that the proceeds from the £13.9 million fundraising will be used to reduce existing bank debt.
The deal was led by partner Seb Orton, an equity capital markets specialist, with assistance from corporate associate Bryan Park.
finnCap provides financial services to ambitious growth companies and provides advisory and research services to over 127 companies on AIM and on the London Stock Exchange’s Main Market as well as trading services to a broad range of institutional investors.
Matt Goode, Corporate Finance Director, finnCap commented: "We announced Quarto as a new client in November last year and were grateful for the legal support from Seb and his team at Penningtons Manches Cooper on this first transaction for them. "
Seb Orton commented: “We were delighted to work with Matt, Tony and Max on this transaction and look forward to continuing to work with them in the future.”
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