Ogier advises TruFin plc on IPO and listing

Tuesday 03 April 2018

Ogier advises TruFin plc on IPO and listing

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Ogier has advised TruFin plc, a company in the FinTech and banking business sphere, on its IPO and admission to AIM.

TruFin plc conducted a successful conditional placing and subscription of shares to raise gross proceeds of approximately £70 million. Trading commenced on 21 February 2018.

TruFin plc is the holding company of an operating group comprising three growth-focused businesses in FinTech and banking - 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 plc, and Macquarie Capital (Europe) Limited acted as nominated adviser, sole global coordinator and bookrunner.

Partner Niamh Lalor led the Ogier Jersey team assisted by associate Tara Kapur.

Niamh said: "We were delighted to work with Arrowgrass on this transaction. The potential for growth in the FinTech arena is immense, and we look forward to seeing the Group achieve great success. We wish Arrowgrass and TruFin all the best.”