Date:

DWF advises Tatton Asset Management plc on £87m AIM IPO

DWF has advised Cheshire financial advisory business, Tatton Asset Management plc, on its £87m AIM IPO.

The Group was founded in 2007 by current Chief Executive Officer, Paul Hogarth. TAM provides a range of services to the FCA directly authorised financial adviser (‘‘DA IFA’’) marketplace encompassing discretionary fund management, regulatory and compliance services and mortgage services.

The Group has three operating subsidiaries offering services to its core member base and in the case of its DFM business, to additional third party IFAs.

Tatton unveiled plans to float on AIM last month and trading on the AIM market of the London Stock Exchange took place and dealings commenced at 8.00am today with the Company valued at £87m.

Tatton raised approximately £10m from an institutional placing and about £41.6m for various selling shareholders.

"The IPO of the Tatton Asset Management plc marks a very important and exciting milestone in the development of the group, allowing us to build our market profile further, reward our staff and other stakeholders, and provide access to the capital markets when needed in the future." said founder and chief executive Paul Hogarth.

Jonathan Robinson, Frank Shephard, Lisa Stavropoulos, Vicky Ross, Matthew Judge and Ciara Healy in the DWF's Manchester Corporate team advised the Company. Zeus Capital acted as nominated adviser and broker to Tatton.

Jonathan Robinson said "We have worked with Tatton for a number of years and it is a pleasure to work with the management team on such an important transaction in the Group's development. The deal demonstrates once again our team's market leading financial services and technology sector credentials allied with the vast ECM experience we have."

Jonathan Robinson

Partner - Head of Private Equity

I am a Partner and head of the firm’s Private Equity team.

Frank Shephard

Partner - National Head of Corporate

I am Head of the National Corporate Team. I deal with all types of public and private company transactions, including M&A, Private Equity and Equity Capital Markets.

Lisa Stavropoulos

Director

I am a Director in the Corporate team specialising in mergers & acquisitions, equity capital markets, private fundraising, joint ventures and corporate governance.

Vicky Ross

Associate

I provide transactional advice on a wide range of corporate matters specialising in mergers and acquisitions and private equity transactions.

Sectors