Anexo joins AIM market
Anexo Group will be valued at £110m when it joins the London Stock Exchange’s AIM market.
Anexo is raising the funds to grow its share in a consolidating market. The group wants to hire new solicitors and legal assistants, bring more barristers in-house, and set up a new regional office to expand coverage and increase business from across a greater proportion of England and Wales.
Alan Sellers, executive chairman of Anexo Group, said of the fundraising, ‘I am delighted to announce that Anexo will be joining the AIM market. Over the last 20 years our highly specialist team has worked hard to build Anexo into an integrated credit hire and litigation focused group. Joining the London Stock Exchange and raising £15m for the company will remove the constraints to enable expansion of our proven model and deliver significant organic growth in the future.’
Anexo earned £44.8m in revenue in 2017 and £14.6m in profit before tax.