Zeus is delighted to have acted as sole bookrunner and joint broker to CyanConnode Holdings plc, on their £5.25m placing.
CyanConnode has been a long standing client of Arden Partners, recently acquired by Zeus and we are delighted that the newly combined team at Zeus were able to work together on this transaction.
The net proceeds of the placing will be used to further strengthen the Company’s balance sheet, to fund long lead time critical components and to fund resourcing required to manage the scale up of the Company.
CyanConnode is a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, which are used for machine to machine communication. As well as being self-forming and self-healing, CyanConnode’s RF Smart Mesh Networks are designed for rapid deployment, whilst giving exceptional performance and competitive total cost of ownership.
CyanConnode’s award-winning Omnimesh Advanced Metering Infrastructure (AMI) platform has gained considerable commercial traction, especially in India which is a key market for the Company.
Through a Global partner eco-system, which is vendor agnostic, CyanConnode has several routes to market, therefore it is well positioned to capitalise upon increasing Global demand for smart metering solutions.
Members of the Zeus team included: Alexandra Campbell-Harris and Nick Cowles (Investment Banking); Simon Johnson (Corporate Broking); Tim Dainton (Sales) and Bob Liao (Research)
This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.