RSM’s capital markets team has advised on the IPO of franchise cake retailer Cake Box Holdings plc which was admitted to trading on AIM today (27 June 2018).
The IPO raises around £16.5m for the vendors and values the company at approximately £43.2m.
Cake Box offers an extensive range of fresh cream cakes, many of which are available to be personalised and collected within one hour. The Group, whose cakes are completely egg-free, serves a wide range of customers including those who choose not to eat eggs for dietary or religious reasons.
The Cake Box franchise business was co-founded in March 2009 by Sukh Chamdal and Pardip Dass. Since the opening of Cake Box's first concept store in East London, the Group has grown to a franchise estate of 91 stores.
The RSM capital markets team that advised the Cake Box directors was led by Ed Pipe with support from Laura Quinn and Emmet Faherty.
Ed Pipe, a director in RSM's capital markets team said:
Cake Box has experienced exceptional growth over the last few years. Listing on AIM provides the company with a great opportunity to raise the profile of its brand, deliver its ambitious growth strategy and provide new incentive options for key staff.