DMH Stallard advises on £120 million AIM IPO of Draper Esprit plc

15 Jun 2016

DMH Stallard’s London office has acted for the management team of Draper Esprit which has today (June 15, 2016) been admitted to AIM, a market operated by the London Stock Exchange, under the ticker “GROW”, and to the ESM, a market operated by the Irish Stock Exchange, under the ticker “GRW”.

The DMH Stallard team consisted of partners Vincent O’Brien, Blair Adams and Chris Simmons.

Draper Esprit is one of the leading venture capital investors involved in the creation, funding and development of high-growth technology businesses with an emphasis on digital technologies in the UK, the Republic of Ireland and Europe.

The team has operated the Group for nine years and, prior to that, its members worked for leading firms within the venture capital industry. In aggregate, the team has been involved in investing over US$1 billion into more than 200 technology businesses and has been involved in creating businesses with a total aggregate value of over US$8 billion, with an exited value of over US$6 billion.

At Admission, the company will have stakes in an initial portfolio of 24 companies. The company intends to invest in the companies comprising the Initial Portfolio and to pursue new investment opportunities.

Draper Esprit also manages four EIS funds and this is an area the directors intend to continue to grow, alongside the primary investing business. The company manages three previous funds, which are now in run-off, with investments in 19 companies remaining after previous exits totalling 67 companies. The Draper Esprit group has a joint venture with Draper Esprit Secondaries pursuant to which they work exclusively together on new opportunities to manage secondary investments in Europe.

For more information please contact Chris Gape, Cobb PR at chris@cobbpr.com.

 

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