20 July 2021
The RSM Capital Markets team are pleased to have acted as reporting accountants for Lords Group Trading plc on their listing to AIM.
Lords Group Trading plc (ticker: LORD), which admits to AIM today, has raised £52 million, £22 million of which is for selling shareholders, with an initial market capitalisation of £150 million at admission.
Lords specialises in building, plumbing, heating and DIY goods that it supplies to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and the public. The Admission to AIM is an important step in the Group's development, raising new equity to provide flexibility to accelerate its growth organically and through acquisitions.
The Capital Markets team was led by Diane Craig with the core transaction team including Ed Pipe and Emmet Faherty.
Chris Day, CFO at Lords said: ‘I’d like to thank the RSM team for a thorough and well-executed project, delivered to a very demanding timetable. It was a pleasure to work with a great team of professionals who’s experienced and pragmatic advice throughout made a valuable contribution to the success of the transaction.’