Panmure Liberum acts as Sole Financial Adviser, Sole Rule 3 Adviser, Nomad and Joint Broker on 1Spatial’s £87.1m Recommended Cash Offer by VertiGIS Ltd
We are delighted to announce that Panmure Liberum is acting for 1Spatial plc (“1Spatial”), on the Recommended Cash Offer of 73 pence per share from VertiGIS Ltd ("VertiGIS"), a portfolio company of Battery Ventures.
1Spatial is a global leader in Location Master Data Management (“LMDM”) software and solutions. The Company’s global clients include national mapping and land management agencies, utility companies, transportation organisations, government, public safety and defence departments.
VertiGIS is a leading spatial asset management and GIS solutions provider and software developer. The Acquisition represents an opportunity for VertiGIS to continue building a leading global provider of Geographic Information Systems (“GIS”) enabled software and services solutions, by combining its spatial asset management and GIS solutions for spatial analysis and visualisation, with 1Spatial’s LMDM software and services that deliver a “source of truth” for location data by ensuring its quality and consistency.
The cash offer for the Company is at a premium of 57.0% to the Closing Price of 46.5p on 11 December 2025 (the last business day before the Possible Offer Announcement).
VertiGIS has received irrevocable undertakings and letters of intent to vote in favour of the Scheme from shareholders representing approximately 52.5% of the issued ordinary share capital of 1Spatial.
Having been appointed as Nomad and Sole Broker to 1Spatial in September 2020, Panmure Liberum has worked alongside the Company for over 5 years.
Panmure Liberum is acting as Sole Financial Adviser, Sole Rule 3 Adviser, Nomad and Joint Broker to 1Spatial in respect of the offer. The offer is to be executed by way of a Scheme of Arrangement and is expected to become effective Q1 2026, subject to shareholder vote.
Panmure Liberum Team
ExCo – Bidhi Bhoma
Investment Banking – Edward Mansfield, Gaya Bhatt, Izzy Anderson
M&A – Tim Medak, Euan Brown
Research – Andrew Ripper
Sales – Joel Knight
IR – Marcio Remedios