Corporate advisory firm GS Verde has secured a seven-figure investment to support its expansion plans after being admitted to secondary markets platform JP Jenkins.
The fundraise gives GS Verde, which is headquartered in Cardiff but with offices also in Dublin and Bristol, a £9m post-money valuation.
The JP Jenkins platform is the UK’s oldest secondary market and has provided a marketplace for share trading for established household brands such as Dyson and Weetabix as well as football clubs such as Arsenal and Manchester City.
Shares in GS Verde were priced at 53p on joining the platform. GS Verde wouldn’t give a precise figure on how much it had raised, but confirmed that following the deal less than 10% of its shares are owned by external investors with the rest remaining with management, staff and the board.
Nigel Greenaway, co-founder and chief of GS Verde Group said: “We are delighted to be trading on the prestigious JP Jenkins platform, joining such a wealth of household names in doing so. There has been overwhelming interest in our business, and this step to join the secondary market, allowing private investment into our business is a milestone step in our journey.
"The investment will allow us to grow through strategic acquisition in certain areas of the UK, as well as to add firepower to our dealmaking teams in Wales, the south west of England and Ireland. We can also accelerate our investment into AR:Deals, GS Verde’s own proprietary technology.”
Veronika Oswald, commercial director of JP Jenkins said: “At JP Jenkins corporate advisors are a core part of our ecosystem in supporting private companies in liquidity and secondary market solutions. GS Verde’s admission demonstrates how our platform can not only support growth companies, but in turn support a multi-discipline M&A advisory business such as GS Verde in their own growth ambitions too. We are delighted to be able to support GS Verde with their own liquidity solution from today.”
