Manchester-based branded merchandise firm The Pebble Group has announced its intention to go public on the AIM market of the London Stock Exchange in early December of 2019.
Pebble said a successful IPO will facilitate the exit of its private equity shareholders Elysian Capital and the repayment of debt.
“The group has delivered a consistent record of growth with a revenue CAGR (compound annual growth rate) of 16 per cent from £74.1 million in the year ended 31 December 2016 to £99.8 million in the year ended 31 December 2018 …” said Pebble.
“The group has a high-quality senior management team with substantial industry experience, led by Christopher Lee, the Group’s Chief Executive Officer and Claire Thomson, Chief Financial Officer.
“Together, the management team has helped drive the growth of The Pebble Group since its inception and has a proven track record of delivering results.”
Pebble CEO Christopher Lee said: “We are very pleased to announce our intention to float today.
“Our plans to bring The Pebble Group to AIM are founded on a track record of strong organic and acquisitive growth in our Brand Addition business and the diversification and scaling of the group through the acquisition of Facilisgroup in 2018.
“These achievements have been delivered by dedicated and talented people across our group under the support of private equity ownership.
“A successful IPO and admission to AIM would facilitate the exit of our private equity shareholders, Elysian Capital, and the repayment of debt facilities, moving our group on to the next key stage of its journey.
“With a new capital structure and no debt, The Pebble Group will be best placed to invest more readily in expansion, deliver on its growth strategy and enable its senior managers and employees to participate in the group’s success.”