Zeus Capital advises AimShell Acquisitions on purchase and IPO of Mi-Pay
28th May 2014
Zeus Capital has acted as nominated adviser and broker to AimShell Acquisitions on its £9m purchase of Mi-Pay Limited and its subsequent re-admission to AIM as Mi-Pay Group plc. On admission, Mi-Pay Group had a market capitalisation of approximately £14m.
Mi-Pay Limited is a UK registered and headquartered company that specialises in delivering fully outsourced online and related payment solutions to digital ecommerce clients, primarily in the mobile sector, enabling them to monetise their online proposition risk free.
Mi-Pay’s primary worldwide customers are mobile network operators and mobile virtual network operators for whom Mi-Pay provides the infrastructure to enable prepaid devices to be topped up directly with the operator on a ‘cardholder not present’ basis via a variety of channels such as websites, mobile applications and social media applications.