National business law firm DWF has advised Zeus Capital in relation to the £135million AIM IPO and £94million fundraising for Epwin Group. Zeus Capital advised as nominated adviser and sole broker, including the £94 million institutional fundraise.
Founded in 1976, Epwin was one of the first PVC-U window fabrication businesses in the UK. The business is a manufacturer of extrusions, mouldings and fabricated low maintenance building products, supplying the RMI, new build property and social housing sectors. It merged with the Latium Business to form Epwin Group in 2012. The company, which employs more than 2,300 staff, reported revenues of £264 million in the year to December 2013. It operates from six facilities in Telford, Tamworth, Macclesfield, Scunthorpe, Newton Abbot and Northampton.
Leading the deal for DWF was Frank Shephard, Head of Corporate North West who commented “We were delighted to work again with Zeus on Epwin’s admission to AIM. We are seeing continuing activity in the IPO market building on the team’s great experience and deal flow.” Frank was supported by a team including Lisa Stavropoulos and Katy Philips.
Head of DWF’s equity capital markets team, Daniel O’Gorman, said “Following the Main Market IPOs of Custodian REIT Plc and Clipper Logistics Plc and the AIM IPO of GTS Chemical Holdings plc, the IPO of Epwin is the fourth IPO on which DWF’s equity capital markets team has advised in the last five months.”
The team at Zeus Capital included Dominic King, Nick Cowles and Andrew Jones.