KBS Corporate is proud to announce that its holding company, K3 Capital Group Plc, listed on the London Stock Exchange and began its first day of trading on AIM on Tuesday 11th April 2017. Upon admission, K3’s market capitalisation was valued at £40.1m, and the company joined the market with a high quality register of blue chip organisations.
K3 Capital Group, consisting of KBS Corporate, and our sister companies, Knightsbridge and KBS Corporate Finance, first announced plans to float last month after growing to become one of the UK’s leading providers of M&A advisory services to SME owners.
The board of directors and senior management team of K3 Capital Group travelled down to London on Tuesday for the launch of the initial public offering, in which 42.2 million shares were issued at a placing price of 95p each.
John Rigby, Chief Executive Officer, commented, “Our listing on the London Stock Exchange marks a very exciting new phase in K3’s development. The Group has a clear strategy to deliver a number of growth opportunities and we believe that Admission is an important step in realising these ambitions.”
The launch follows on from a successful few months for the Group, in which we relocated from the previous head office to the new and much more spacious, ‘KBS House’, in order to accommodate our growing workforce, and saw average deal value increase by almost 165%
We are also proud to introduce K3 Capital Group’s newly appointed non-executive chairman, Ian Mattioli MBE, co-founder and chief executive of wealth management and employee benefits business Mattioli Woods.
Ian Mattioli commented, “I am delighted to be joining the board of K3 at what is a significant milestone in the company’s journey. I have been enormously impressed by the company’s efficient and disruptive model, driven by an ambitious and focused management team.
“The appetite shown from investors in the fundraising is hugely encouraging and testament to both the quality of the business that management have built to date and the potential for further growth within their highly scalable model. I look forward to working with the rest of the board and contributing to the next chapter of the company’s growth as a public company.”