Panmure Liberum acts as Joint Bookrunner on Mpac Group’s £30m fundraise.
We are pleased to announce that Panmure Liberum acted as Joint Bookrunner on a placing and retail offer to raise £30m for Mpac Group Plc through the issue of 7.5m shares at 400p (closing price on 30 September, 415p).
Mpac is a global leader in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions.
Mpac separately released an announcement yesterday proposing the acquisition of CSi Palletising, a leading provider of design, manufacturing and installation services for end-of-line automation and palletising solutions.
The consideration payable to the sellers for CSi Palletising is an enterprise value of €56 million. The fundraise was undertaken to part fund the cash the consideration payable pursuant to the Acquisition.
The Joint Bookrunners delivered significant and high-quality demand, from both existing holders and non-holders, with the fundraise being heavily oversubscribed.
Board – Bidhi Bhoma
Investment Banking – Edward Mansfield, Will King, Anake Singh
Research – Sanjay Vidyarthi
Sales – Oliver Baxendale, Simon Fickling, Joel Knight
CIR – Connie Owens
Legal – Rebecca Gordon
Settlements – Rob Simpson, Mark Proctor
