Ogier has advised fintech and banking business TruFin on its IPO and admission to the Alternative Investment Market (AIM).
TruFin conducted a successful conditional placing and subscription of shares to raise gross proceeds of approximately £70 million. Trading commenced on 21 February.
TruFin is the holding company of an operating group of three businesses - Distribution Finance Capital, Satago and Oxygen Finance. Each targets niche lending markets – supply chain finance, invoice finance and dynamic discounting.
Travers Smith acted as onshore Counsel to TruFin; Macquarie Capital (Europe) acted as nominated adviser, sole global coordinator and bookrunner.
Partner Niamh Lalor led the Ogier Jersey team, assisted by Associate Tara Kapur.