Travers Smith corporate finance partner Adrian West and corporate finance associate Lucy Stephenson have advised Liberum Capital Limited in its capacity as nominated adviser and broker to Hotel Chocolat Group Plc ("Hotel Chocolat") in connection with its £167 million IPO and £55.5 million placing of new and existing shares.
Hotel Chocolat is a premium British chocolatier and omni-channel retailer. The IPO will raise an additional £12 million (before expenses), which will be used to accelerate the Group’s growth capital expenditure plan which includes opening new stores, increasing the Company's manufacturing capabilities and improving Hotel Chocolat's online offering.
Hotel Chocolat is seeking admission to trading on AIM, a market operated by the London Stock Exchange. Admission to AIM is expected to take place on 10 May 2016.
Hotel Chocolat was advised by Tom Nicholls and Andrew McLean at Stephenson Harwood LLP.