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Zeus acts as Nominated Adviser and Joint Bookrunner to Surface Transforms on its £20m fundraise

We are delighted to have supported Surface Transforms (SCE LN) with a £20m fundraise to support expansion of manufacturing of the Group’s market leading carbon ceramic brake discs.

Zeus acted as Nominated Adviser and Joint Bookrunner for the heavily oversubscribed placing for the initial £18m of funds. An Open Offer will seek a further £2m. Proceeds will mainly be used to fund the construction of a new production cell to meet growing demand from new and existing automotive OEMs. The fundraise attracted a number of high profile new institutional investors, as well as receiving significant support from existing shareholders. Closing is subject to shareholder approval at a General Meeting on 8 February.

Contact

If you would like further information, please get in touch with our team.

Dominic King Head of Corporate Broking & Sales+44 (0) 203 829 5607LinkedIn Scan with your phone camera to add to contacts Download vCard
David Foreman Director of Corporate Finance Scan with your phone camera to add to contacts Download vCard