The corporate team at Penningtons Manches Cooper has advised finnCap in its role as nominated adviser and broker to Fadel Partners Inc (AIM: FADL) on its IPO on AIM, valuing the company at £28.8 million.
The admission of Fadel’s share capital to AIM has involved a primary raise of £7.5 million.
Fadel is a leading developer of cloud-based brand compliance and rights and royalty management software, working with some of the world’s leading licensors and licensees across media, entertainment, publishing, consumer brands and hi-tech/gaming companies.
It is intended that Fadel will use the proceeds from the primary raise to invest in sales into a growing market, conduct effective marketing and R&D to continue to innovate and develop its products, reinforce growth, and provide general working capital.
London-based corporate partner Seb Orton led on this deal with assistance from associates Emily MacDonald and Jenny Wright.
Jonny Franklin-Adams, co-head of corporate finance for finnCap commented: “Seb Orton and the team at Penningtons Manches Cooper have done a fantastic job on this IPO and we have valued their expertise as well as their responsive and practical approach throughout.”
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