The RSM Capital Markets team have acted as reporting accountants to Various Eateries plc as part of their listing on AIM. This is the second completion for the team this week and the third AIM IPO RSM have acted on in 2020.
Various Eateries plc, which admits to AIM today, has raised £25 million with an initial market capitalisation of £65 million. Various Eateries operates two core brands; Coppa Club, a multi-use, all-day concept that combines restaurant, terrace, café, lounge, bar and work space and Tavolino, a restaurant aiming to address a gap in the market for high quality Italian food at mid-market prices. Net proceeds are entirely for the use of the Company to advance plans to roll out its Coppa Club and Tavolino brands whereby the Directors hope to take advantage of the availability of sites from struggling competitors and falling rents.
The capital markets team was led by Paul Watts with the core transaction team including Matt Cowie and Tom Knibbs. The tax team was led by Leon Khristoforov. RSM also performed the 2019 statutory audit, led by Chris Tate.
Oli Williams, CFO at Various Eateries plc said:
I am delighted that Various Eateries has admitted to AIM today, which will help us take advantage of the opportunities in the marketplace and accelerate our growth. As our appointed accountants, RSM have been with us every step of the way and I would like to thank them for their invaluable support and advice. They were extremely responsive, providing timely feedback and guidance, contributing to the seamless running of the transaction.