BDO acted as reporting accountant on the AIM IPO of Microlise Group plc. Headquartered in Nottingham and with overseas operations in India, France and Australia, Microlise is a leading provider of transport management technology solutions. The Group delivers a globally enabled SaaS platform that digitises the business processes of organisations running highly complex logistics operations.
Following a refinancing exercise in 2018 (where BDO provided VDD services), Microlise acquired a 20% shareholding in Trakm8 plc and 100% of Trutac Limited.
On admission to AIM, Microlise had a market capitalisation of c£157m and gross proceeds of the new placing being c£18m; proceeds will be used to invest in various growth initiatives including bolt on acquisitions.
"We maintained a strong relationship with BDO over the years and they were the natural choice for our AIM IPO. BDO’s leading capital markets and reporting accountant experience/credentials combined with strong corporate finance expertise and sector knowledge was evident throughout our process.
We were very impressed with their technical and commercial advice which played a key role in executing our successful IPO.
We were once again delighted to work with the team at BDO."
Bill Wynn, Chief Financial Officer, Microlise Group plc