National business law firm, DWF, has advised CentralNic Group plc on its AIM IPO and £7 million institutional fundraise.
CentralNic is one of the world's pioneering registry service providers and sells premium domains with endings such as uk.com and eu.com. Following recent industry developments and regulatory changes it is expected that CentralNic will benefit from an expansion in the number of generic top level domains ("gTLDs") such as .wiki and .college, which are expected to start operating from the end of 2013.
The funds raised will enable CentralNic to develop its global distribution network, acquire interests in new gLTDs, expand its retail business and obtain contracts from governments to operate their country code TLDs [top level domains].
Leading the deal was Jay Birch, partner and head of corporate in London, assisted by James Lonsdale, partner; Robin Steel, associate partner; Haydn Rogan, tax director; and Laura Hanson, solicitor.
Jay commented: "It has been a pleasure working with the team on this transaction and assisting with the next phase of the Group's development.
"Within the market there is an increasing demand for personalised web addresses and the funds raised through AIM will help to facilitate further growth and enable CentralNic to take advantage of additional opportunities to win new contracts."
Ben Crawford, CEO of CentralNic Group plc, commented: "The response from investors to the IPO has reaffirmed our belief that CentralNic is a very attractive investment proposition, and the company now has the funds in place to take advantage of additional opportunities to win new TLD contracts."