Zeus Capital advises Epwin Group Plc on its AIM IPO and £94 million institutional fundraise

Zeus Capital has acted as nominated adviser and sole broker to Epwin Group on its AIM IPO and £94 million institutional fundraise. On admission, Epwin had a market capitalisation of £135 million.

Epwin, founded in 1976, is a vertically integrated manufacturer of extrusions, mouldings and fabricated low maintenance building products, operating in the repair maintenance and improvement, new build property and social housing sectors. Overall, Epwin’s offering comprises of over 30 different brands which specialise in their own market segment.

The current Epwin business was created by the merger between Latium and Epwin in January 2012. Prior to this the Epwin business had operated successfully since the late 1970s. In the two years post the merger, the business has grown revenues, whilst improving margins by achieving synergies from the combination of the Epwin and Latium businesses.

Jon Bednall, Chief Executive Officer at Epwin, commented:
“We are delighted to launch as a public company and are particularly pleased with the strong support from institutional investors and look forward to working with them to build on Epwin’s strengths and grow the business. The team at Zeus has delivered beyond our expectations and have been an excellent team to work with. We look forward to continuing our relationship with Zeus as a public company.”

Dominic King, Head of Birmingham office at Zeus Capital, commented:
“We are delighted to have advised Epwin on its AIM IPO. The £94 million placing will enable the Company to pay down debt and allow its major shareholders a majority exit, whilst the listing on AIM will provide a solid platform for the Company’s future development. Zeus has now acted on nine high profile IPOs in the last 12 months, raising over £900 million.”