Panmure Liberum acts as Joint Bookrunner on Mpac Group’s £30m fundraise.

We are pleased to announce that Panmure Liberum acted as Joint Bookrunner on a placing and retail offer to raise £30m for Mpac Group Plc through the issue of 7.5m shares at 400p (closing price on 30 September, 415p).

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Mpac is a global leader in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions.

Mpac separately released an announcement yesterday proposing the acquisition of CSi Palletising,  a leading provider of design, manufacturing and installation services for end-of-line automation and palletising solutions.  

The consideration payable to the sellers for CSi Palletising is an enterprise value of €56 million. The fundraise was undertaken to part fund the cash the consideration payable pursuant to the Acquisition.

The Joint Bookrunners delivered significant and high-quality demand, from both existing holders and non-holders, with the fundraise being heavily oversubscribed.

Board – Bidhi Bhoma

Investment Banking – Edward Mansfield, Will King, Anake Singh

Research – Sanjay Vidyarthi

Sales – Oliver Baxendale, Simon Fickling, Joel Knight

CIR – Connie Owens

Legal – Rebecca Gordon

Settlements – Rob Simpson, Mark Proctor

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London

Ropemaker Place, Level 12 25 Ropemaker Street London EC2Y 9LY info@panmureliberum.com +44 (0)20 3100 2000

Leeds

Northspring, 36 Park Row Leeds, LS1 5JL info@panmureliberum.com +44 (0)113 841 9700

Cambridge

50-60 Station Road Cambridge, CB1 2JH info@panmureliberum.com +44 (0)113 841 9700
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New York

20th Floor 575 Fifth Avenue New York NY 10017 info@panmureliberum.com +1 212 596 4800