03 Mar 2014
- Placing Size:
- Post Deal Mkt Cap: £200m
Zeus Capital is NOMAD for £300m DX IPO
Zeus Capital has acted as nominated adviser and sole broker to DX Group on its AIM IPO, including the £193 million institutional fundraise and £7m management participation. On admission, DX Group plc had a market capitalisation of £200 million.
DX is a leading independent logistics and parcel distribution company operating throughout the UK & Ireland, established in 1975 and headquartered in Iver. DX is renowned for offering quality service, high security, and customer choice to public and private sector organisations, providing proven next day delivery for mail, parcels and Two-Man deliveries to business and residential addresses nationwide.
As a specialist provider of time sensitive, mission critical, Two-Man and high value deliveries, DX routinely handles goods from many etailers, high street retailers, and a wide range of items from many industry sectors. DX is the preferred provider of the UK Government and foreign embassies for identity documents and visas.
Petar Cvetkovic, CEO at DX (Group) plc commented;
“We are delighted to launch as a public company and are particularly pleased with the strong show of support from institutional investors which is testament to our future prospects. The successful completion of this transaction enables us to continue to focus on market leading Customer service and growing the DX brand. Zeus Capital has delivered beyond our expectations and have been an outstanding team to work with. We look forward to continuing our excellent relationship with Zeus as a public company.”
John Goold, Chief Executive Officer at Zeus Capital, commented;
“We are delighted to have advised DX on its AIM IPO, the largest by a corporate on AIM since 2006. The £200m placing has enabled the Company to pay down debt and allow private equity investors to exit, whilst the listing on AIM will provide a solid platform for the Company’s future development. Zeus has now acted on three of the five largest corporate IPO’s on AIM in the last twelve months. We believe the Company has a very exciting future and we looking forward to working with DX and its management on its journey as a public company.”