Cavendish is pleased to have supported Amcomri Group plc in their recent IPO on the AIM Market of the London Stock Exchange, successfully raising £12 million through a placing. The IPO will enable Amcomri to further their “Buy-Improve-Build” strategy in the UK engineering sector.

Adrian Hadden, Corporate Finance Director at Cavendish, commented:

“Amcomri has an outstanding track record of acquiring and improving small engineering businesses, led by a hugely impressive management team. The admission to AIM and associated fund raise will ideally position the business for future success. We’re proud to have played a role in this standout IPO and fundraise. The IPO environment is challenging and it is a credit to the quality of the Amcomri story and its management team to have achieved this success in such challenging stock market conditions.