Charles Russell Speechlys advises Cake Box Holdings plc on its admission to AIM
Charles Russell Speechlys advised Cake Box on its admission to AIM which completed on 27 June 2018.
Cake Box specialises in sponge cakes decorated with fresh cream. The egg-free nature of their recipes allows the company to target a larger potential market, including those whose allergies or religious requirements prevent them from eating most cakes. Since its launch in East London in 2008 the business has grown to have an estate of 91 stores and is currently targeting a further 250 franchise stores.
Corporate Partner Andrew Clarke commented: “It was great to work with founders Sukh Chamdal and Pardip Dass on the IPO. The company is growing rapidly and the IPO is the next chapter of its terrific story. To do a successful IPO, a founder-run company like Cake Box has to go through some very hard testing but with our help Cake Box passed with flying colours; even better we ate lots of delicious cream cakes along the way.”
CEO Sukh Chamdal said: “Charles Russell Speechlys were fantastic and worked tirelessly on the IPO which was completed to the exact timetable we planned with Shore Capital at the outset. I would recommend Andrew, Paul and Emily to any entrepreneurs thinking about an IPO. They certainly know how to get you there.”
CFO Pardip Dass said: “An IPO like this involves a great deal of detailed work and diligence. The Charles Russell Speechlys team put us under the microscope, but we enjoyed the examination and we are thrilled that the company’s shares are now publicly traded on AIM.”
In the first half of 2018 Charles Russell Speechlys has worked on a range of AIM transactions, a list of which will be published shortly. The firm is currently ranked 14th in the AIM Adviser Rankings Guide, which ranks law firms with the most AIM clients.
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