Liberum acts as Nominated Adviser and Sole Bookrunner on the AIM IPO of Forward Partners Group Plc raising £36.5m

On Admission, the market capitalisation of Forward Partners will be approximately £134.6 million.

Forward Partners (AIM: FWD), founded in 2013, is a well-established and respected London-based venture capital firm, specialising in supporting high growth, early-stage technology businesses.

The Group brings together venture capital provider Forward Ventures, equity-free revenue-based financing through Forward Advances and highly specialised growth support from Forward Studio. This model supports founders to build stronger businesses and meet strategic goals faster – ultimately aiming to provide better outcomes for companies and investors alike.

The successful placing of 34,749,490 new shares raised gross proceeds of £34.8 million for the Company. The Group secured early commitments from investors pursuant to the Placing, including BlackRock and Draper Esprit plc, who have subscribed for £15 million and £2 million worth of Ordinary Shares, respectively. A further c.£1.8m was raised through a retail offer via PrimaryBid.

The gross proceeds of £36.5m will principally be used to make future investments in line with the Company’s investment policy, to fund Forward Advances lending and to provide working capital for the Group to pursue growth plans.

Liberum acted as Nominated Adviser and Sole Bookrunner on the IPO, and will be retained as Nominated Adviser and Sole Broker to the Company post-Admission.

Liberum Team

Investment Banking - Neil Patel, Lauren Kettle, Ed Phillips, Cara Murphy, Anthony Schia

Sales - Oliver Baxendale, Alistair Smallwood

Research - Sanjay Vidyarthi

Legal - Rebecca Gordon, Alice Foster

CIR - Connie Owens

Settlements - Rob Simpson, Mark Proctor

Sales Trading - Mark O’Hara