Travers Smith LLP has advised Peel Hunt LLP as nominated adviser, broker and sole bookrunner to Inspecs Group plc on its AIM IPO.
Inspecs, a designer, manufacturer and distributor of eyewear frames to global retail chains, has announced a conditional placing to raise gross proceeds of approximately £94 million, comprising £23.5 million for the Company and £70.5 million for the selling shareholders.
Admission and the commencement of dealings is expected to take place on 27 February 2020. The market capitalisation of Inspecs on Admission will be £138 million.
Corporate partner Philip Cheveley led the Travers Smith team, assisted by Corporate Senior Associate Tom Coulter and Corporate Associate Tom Gubbins.