AIM IPO of Microlise Group plc
Deal TypeCapital markets & Transaction Services
IndustryManufacturing & Technology & Media
Sub-IndustryTransport & Logistics & Technology
ClientMicrolise Group plc
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