Page 13 - IPO Analysis - Private Equity Exits 2017_Final

Private equity exits via IPO in

2017

Private Equity
IPO Sell Down as a Price Aggregate Private Equity Sponsor
Private Equity Market Cap Size proportion of Change Sponsor Total Estimated Sponsor lock-up + Orderly Market
Date Company Sector Banks Underwritten Commission / Fee Structure Expenses (incl. Relationship
Sponsor(s) at IPO (£m) (£M) IPO (%) Since IPO Retained Stake Commissions) (£m) Agreement (Key Periods (Months from
(%) at IPO (%) IPO)
Terms)
Altus Mining Exploration Capital 10.7 1.11 No sell down -22.0 16.21 SP Angel, No Placing commissions and fees 0.33 N/A May dispose of 3,739,500
10.08.17
Strategies plc Partners (Sprott Inc) Beaufort not disclosed shares each quarter after
Securities admission up to the first
anniversary of Admission
Wilmcote Non-equity Marwyn Value 25.0 15.0 No sell down 10.0 60.4 Numis, No - Corporate finance fee of 0.7 N/A 12+6
17.08.17
Holdings plc Investment Investments Macquarie, £100,000 to Numis
Instruments Liberum, WH
Ireland - Commission of 1.5% each
payable to Numis and Macquarie
in respect of the placing
excluding those placees not
placed by Numis and Macquarie
- Commission of 3% payable to
Liberum in respect of placees
procured by them
Commission of 3% payable to
WH Ireland in respect of placees
procured by them. If placing
exceeds £20m, additional
commission of 1.5% each
payable to Numis and Macquarie
capped at £300,000
- Nomad and broker fee of
£50,000 per annum payable to
Numis
- Broker fee of £30,000 per
annum payable to Macquarie

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