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Charles Russell oversees successful AIM flotation of Tekcapital plc

4 April 2014

This article was written prior to the formation of Charles Russell Speechlys, through the merger between Charles Russell and Speechly Bircham.

The Capital Markets team at Charles Russell LLP has successfully acted for Tekcapital plc on its flotation on the AIM Market, which has been announced today.

This announcement marks a strong start to the year for the team, which is based in London.

Innovative Intellectual Property brokerage service Tekcapital plc, which is based in Oxford, placed eight million New Ordinary Shares at 25p per share as part of a £2 million Fundraising, which will help grow its international reach to leverage the growing tech sectors around the world, most notably in the UK and the US.

Speaking of the Placing and Admission to AIM, Dr. Cliff Gross, Tekcapital CEO, said:

“I am delighted to have successfully completed our fundraising and admission to AIM and appreciate the professional, high quality service that Charles Russell has provided. Capturing innovation developed by some of the world’s leading universities and research institutions is the core of Tekcapital’s strategy. We work across technology sectors and are aligned and driven by our client’s need for rapid innovation and intellectual property protection. Together, we assist our customers around the world, to rapidly find, review and acquire the intellectual property they need to advance their businesses.”

Charles Russell advised on a range of issues including pre-IPO restructuring, corporate governance, option schemes and IP, together with all the transaction documents.

The Charles Russell team was led by Clive Hopewell, assisted by Jodie Dennis, and Martin Griffiths. The AIM Nominated Adviser was Northland Capital and they, together with Optiva Securities, acted as joint brokers.

Clive Hopewell, partner at Charles Russell, said: “We are delighted to have acted on Tekcapital’s IPO. We were able to combine our team’s significant AIM experience with our market leading expertise in the technology sector to provide a comprehensive, value-add service for our client. Charles Russell act for a wide range of innovative clients in the TMT sector. Our new client win of Amadeus, the leading provider of travel technology services, combined with the Tekcapital IPO represents a very positive first quarter for our Capital Markets and TMT groups.”

Tekcapital helps clients profit from new, university-developed intellectual properties. With its proprietary discovery search engine, linked to more than 3,300 universities in 160 countries coupled with expert scientific review, it enables clients to identify and acquire the IP they need to create a competitive advantage.