Investment bank Berenberg has been approved by the London Stock Exchange (LSE) as a nominated adviser for AIM, part of the LSE.
AIM was established in 1995 by LSE to enable emerging growth companies to raise external capital. Since 1995, over 3,915 companies have raised over £123bn($172bn) on AIM.
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Currently, AIM is home to over 820 companies with a combined market capitalisation of approximately £147bn. As a nominated adviser Berenberg will have responsibility to LSE for advising and guiding a company on its responsibilities in relation to its admission to AIM as well as its continuing obligations once on market.
Dave Mortlock, managing partner at Berenberg, said: “Berenberg is delighted to become a Nominated Adviser and work closely with an established community of companies and advisers. It was always our plan to become a Nominated Adviser, at the appropriate time, and we are excited to achieve this status. It represents a natural next step as we continue to expand our UK Corporate Broking and Advisory business.”
Chris Bowman, head of UK investment banking, added: “We’ve added seven corporate broking clients already this year, have worked on four UK IPOs YTD, have raised £1.4bn in UK ECM transactions, and have a strong pipeline. We have great momentum and support in the UK and securing our licence to provide Nominated Adviser services comes at the perfect time.”
Matt Armitt, co-head of UK corporate broking and advisory, continued: “Berenberg becoming a Nomad for the first time in its 430 year history is a statement of commitment and intent on what we’re achieving in the UK. We have demonstrated that we can flourish in a highly competitive UK broking landscape, growing organically and sustainably. We look forward to working as a Nomad to dynamic high-growth companies supporting them on their journey to fulfil their ambitions on one of the world’s most successful and established markets.”
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